IPO Details
Bidding Dates
27 Feb 24 - 29 Feb 24
Price Range ₹
135 - 142
Total Equity
₹ 429.00Cr
Lot Size
100
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
119.59×
Qualified Institutional Buyers
121.80×
Employees
0.00×
Retail Investors
119.59×
Total subscription Rate
129.54×
IPO Timeline
Offer start
27 Feb 2024
Offer end
29 Feb 2024
Allotment
01 Mar 2024
Refund initiation
04 Mar 2024
Demat transfer
04 Mar 2024
Listing
05 Mar 2024
Offer start
27 Feb 2024
Offer end
29 Feb 2024
Allotment
01 Mar 2024
Refund initiation
04 Mar 2024
Demat transfer
04 Mar 2024
Listing
05 Mar 2024
About Company
Established in 1994, Exicom Tele-Systems Limited is a specialized provider of power systems, electric vehicle (EV) charging, and related solutions. The company operates under two primary business verticals. Firstly, in Power Systems, Exicom offers uninterrupted power solutions tailored for digital communication networks, ensuring reliable operation. Secondly, in EV Charging Solutions, Exicom has emerged as a pioneer in India's EV charger manufacturing segment, boasting a significant deployment of over 6,000 AC and DC chargers across India and Southeast Asia. Their EV charging solutions are engineered to endure harsh environmental and electrical conditions, offering both slow and fast charging options. As of March 31, 2023, Exicom stands at the forefront of the EV charging industry in India, providing comprehensive solutions to meet the growing demand for electric mobility.
Year Founded
09-05-1994
Promotor Details
Himanshu Baid
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.28 | 69.57 |
| Share Capital | 91100208 | 84058008 |
Offer to Public
3,02,11,214.00 Cr
Project Details
- Repayment/pre-payment, in part or full, of certain borrowings of our Company - 502.98cr
- Part-financing the cost towards setting up of production/assembly lines at the planned - 1457.72cr
- Investment in R&D and product development - 400cr
- Part-funding incremental working capital requirements - 690cr
Objectives
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana
- Repayment/pre-payment, in part or full of certain borrowings of our Company
- Part-funding incremental working capital requirements
- Investment in R&D and product development
- andGeneral corporate purposes.
Highlights
- Being among the first movers in India's EV charger manufacturing segment gives Exicom Tele-Systems Limited a competitive edge and establishes its brand presence in a growing market.
- With over 61,000 EV chargers deployed across 400 locations in India by September 2023, Exicom has demonstrated its capability to scale up operations and meet the demand for EV charging infrastructure.
- Exicom serves a wide range of customers, including automotive OEMs, charge point operators, and fleet aggregators, diversifying its revenue streams and reducing dependency on a single market segment.
- The company's focus on power systems and EV charging solutions underscores its technological expertise, enabling it to develop innovative and reliable products tailored to meet specific customer requirements.
- Rapid advancements in EV technology and charging standards may require continuous investment in research and development to stay competitive, potentially increasing costs and impacting profitability.
Challenges
- As the EV charging market grows, competition is likely to intensify with the entry of new players, potentially impacting Exicom's market share and margins.
- Exicom's business prospects in the EV charging segment are heavily influenced by government policies and regulations, making it vulnerable to changes in incentives and subsidies.
- The success of Exicom's EV charging solutions depends on the availability of supporting infrastructure such as electricity grid capacity and network connectivity, which may pose challenges in certain regions.
- Reliance on a complex supply chain for components and materials exposes Exicom to risks such as supply shortages, price fluctuations, and disruptions, which could affect production schedules and profitability.
- Ensures product quality, environmental responsibility, and occupational health and safety standards.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 1,01,047.37 | 12,082.45 | 6,391.63 | 6,391.63 | 5.29 |
| 2021 | 6,496.45 | 72.30 | -85,94,832.00 | -85,94,832.00 | -0.1409 |
| 2022 | 5,796.69 | 72.30 | 303.95 | 51.36 | 0.592 |
| 2023 | 6,831.20 | 72.30 | 6,391.63 | 6,391.63 | 5.29 |
