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Exicom-Tele System Pvt Ltd.: IPO Buzzing Soon

Exicom-Tele System Pvt Ltd.: IPO Buzzing Soon

By: Geetanjali

Exicom-Tele Systems Pvt Ltd has opened up its IPO (Initial Public Opening). The company plans to raise Rs. 429 Crore which constitutes a fresh equity share of Rs.329 Crores, through this investment drive.

As per the information from the National Stock Exchange of India Limited (NSE), the IPO for Exicom was opened from today March 27, 2024 to March 29,2024, which will be from Tuesday to Thursday this week. Anchor Investment opened a day before on March 26, 2024 for the same.

Exicom-Tele Systems is an entrenched player in the EV charging sector. Established in 1994 Exicom started as a DC Power System manufacturing company, with time has spread its foot across 60% of the EV Charging atmosphere in the last 20 years. Exicom is targeting two major markets, critical power business, and EV energy supply systems (EV charger manufacturing).

Company name Exicom-tele Systems Pvt Ltd.
Issue duration March 27, 2024 to March 29, 2024
Price range of bid Rs135 – Rs.142
Face value Rs.10
Ticket size Rs.1
Bid size 100 or more
Min. Bid order Minimum 100 bids are required
IPO timings 10 A.M to 5 P.M
Maximum Investment (Retail) Maximum Rs.2 Lakh
Maximum Investment (QIB) 1,82,23,500 equity shares (at the lower band price)
Maximum Investment (NIB) 78,53,000 equity shares (at the lower band price)
Sponsored Bank HDFC Bank Limited and AXIS Bank Limited

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