Exicom Tele Systems IPO: Company fixed the price band, know details in one click – Bollywood Keeda

Exicom Tele Systems IPO: Exicom Tele Systems has fixed the price band of Rs 135-142 for its public offer. Which will open for subscription on 27th February and will close on 29th February. The implied market cap after the issue at the upper price band is approximately Rs 1716 crore. Investors can bid for 100 shares in one lot and then for multiple shares.

About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 10% for retail investors. The IPO is a combination of fresh equity issue of Rs 329 crore and offer for sale of 70.42 lakh shares.

Exicom Tele Systems is a power management solutions provider, operating under two business segments. Under the Critical Power Solutions business, it designs, manufactures and services DC power systems and Li-ion based energy storage solutions to provide holistic energy management in telecom sites and enterprise environments.

In this segment, the company holds 16% share in DC power systems market and 10% share in Li-ion based energy solutions. Electric Vehicle Supply Equipment (EV Chargers) solutions business provides smart charging systems with innovative technology for residential, commercial and public charging use in India.

The company is one of the first companies to enter the EV charger manufacturing sector in India and by March 2023, it had a market share of 60% and 25% in the residential and public charging segments respectively. About 70% of the total revenue for the six months ending September 2023 was derived from the main power business and 29% from the EV charger business.

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