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What is the business of Exicom Tele-Systems?

Exicom Tele-Systems is an India headquartered power management solutions provider, operating under two business verticals, (i) electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India; and (ii) Critical power solutions business, wherein it designs, manufactures and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. It is amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, it is amongst the market leaders, with a market share of 60% and 25% in the residential and public charging segments, respectively. Furthermore, in its Critical Power Business, it occupies a market share of 16% in the DC Power Systems market and is recognized as a leading player in the market for Li-ion Batteries for application in the telecommunications sector, having a market share of approximately 10% as of March 31, 2023.

The company commenced its EV Charger Business in 2019, which provides smart electric vehicle charging products and solutions. EV penetration is expected to grow across vehicle segments, i.e., two-wheelers (“2W”), three-wheelers (“3W”), passenger vehicles (“PVs”), buses and commercial vehicles. The EV PV and bus market is estimated to grow by nine times between Financial Year ended March 31, 2023, and Financial Year ended March 31, 2028, at a CAGR of 50% to 60% with 8% to 10% EV penetration. To support this shift towards EVs, the EV charging network will need to ramp up its capacity, presenting a significant, industry-wide market opportunity for EV charging products with a projected total addressable market (“TAM”) of Rs. 86.00 billion by Financial Year ended March 31, 2028, in India.

Critical Power Business: Its Critical Power Business delivers overall energy management at telecommunications sites and enterprise environments. Under this business vertical, it offers a diversified portfolio of DC power conversion systems and Li-ion based energy storage solutions to deliver back-up power during grid interruption and have deployments in India, Southeast Asia and Africa. Its DC Power Systems are typically customized to customers’ specifications for use cases at telecommunications sites, including at large central offices, renewable hybrid sites, base station sites and small cell/Wi-Fi sites. It has achieved deployment of its DC Power Systems across 15 countries in Southeast Asia and Africa. Its Li-ion Batteries provide back-up power in case of power grid interruptions or intermittent renewable energy supply, and are based on modular and parallelable platforms supported by its proprietary battery management system and can be combined to make battery systems to meet the requirements of the end-application. As of March 31, 2023, the Company has deployed 450,000 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.00 GWH.

For more information, click https://www.exicom.in/

Exicom Tele-Systems IPO GMP, Particulars & Guidance

Exicom Tele-Systems IPO Guidance
Exicom Tele-Systems is an India headquartered power management solutions provider, operating under two business verticals, (i) electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India; and (ii) Critical power solutions business, wherein it designs, manufactures and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. It is amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, it is amongst the market leaders, with a market share of 60% and 25% in the residential and public charging segments, respectively.
Size: The size of the IPO is very small ( Rs.429 Cr). The retail portion is just Rs. 64.35 Cr and HNI portion is only Rs. 42.90. So huge oversubscription is evident.
Guidance: Now-a-days EV, Solar etc catch fancy of the investors. With Good turnover, market share and profitability, if the IPO catch fancy of the investors, it is natural. Size of the IPO is very small, so huge oversubscription, will add to the interest cost. The Grey market has already factored in the interst-costs and the premium prevails at high level. (Rs. 154 Vs IPO offer price of Rs. 142 at 27 Feb Morning). Tatas, Adanis etc have entered these market with full money power, so we cannot comment about the long-term future of these company, yet oversubscription and listings are concerned, it will be impressive. Apply.

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Exicom Tele-Systems IPO GMP

Exicom Tele-Systems IPO GMP today details

Exicom Tele-Systems IPO GMP today, Details, Guidance, Subscription Status, allotment