
Industrial & Financial Services · NSE / BSE
Established in 1994, Exicom Tele-Systems Limited is a leading provider of power systems and electric vehicle (EV) charging solutions, specializing in two key segments: **Power Systems**—ensuring reliable power for digital communication networks, and **EV Charging Solutions**—where it has deployed over 6,000 AC and DC chargers across India and Southeast Asia. As an early player in India's EV charger manufacturing sector, Exicom offers residential AC chargers and commercial DC fast chargers, catering to automotive OEMs, charge point operators (CPOs), and fleet aggregators. The company maintains an ISO-certified manufacturing facility, adhering to environmental, safety, and quality standards. Exicom’s revenue grew significantly from ₹512.9 crores in FY'21 to ₹707.93 crores in FY'23, demonstrating strong financial performance. By March 2023, the company had installed over 35,000 chargers across 400 locations in India. As of September 2023, Exicom employs 1,124 professionals in India, including 705 technically qualified staff, with an additional 43 employees working at subsidiaries, reinforcing its commitment to technological excellence and operational efficiency.
Price Band
₹135 – ₹142
Issue Size
₹429 Cr
Lot Size
100 shares
GMP
+112.7%
Est. Listing
₹302
at current GMP
Subscribed
133.56x
overall
Open
27 Feb 2024
Close
29 Feb 2024
Allotment
2 Mar 2024
Refund
3 Mar 2024
Demat Credit
4 Mar 2024
Listing
5 Mar 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
2 Mar 2024
Basis finalization
Refunds Initiate
3 Mar 2024
Mandate release
Demat Credit
4 Mar 2024
Shares in demat
Listing Debut
5 Mar 2024
Trading begins
Exicom Tele-Systems Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹429 Crores. The shares are offered at a price band of ₹135 to ₹142 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 100 shares (approx. ₹14,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-03-04, while un-allotted funds or UPI block mandates will be released on 2024-03-03.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.