
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
Overall Subscription
133.56x
Total Demand
QIB Multiplier
124.82x
Institutions & Funds
NII / HNI
159.29x
High Net-Worth
Retail (RII)
124.26x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 10,119,700 | 1,263,150,400 | 124.82x |
| NIB | 4,531,600 | 721,831,900 | 159.29x |
| HNIs(10L +) | 3,021,067 | 495,344,100 | 163.96x |
| HNIs (2-10L) | 1,510,533 | 226,487,800 | 149.94x |
| RETAIL | 3,021,100 | 375,388,800 | 124.26x |
| Total | 22,204,000 | 3,082,203,000 | 133.56x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 105,739 | 13,139,128 | 124.26x |
| HNIs (10L +) | 676 | 107,680 | 159.29x |
| HNIs (2-10L) | 3,237 | 515,622 | 159.29x |
| Total Applications | 109,652 | 13,762,430 | 125.51x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Exicom Tele-Systems Limited IPO is ₹160 per equity share. Based on the upper price band of ₹135 to ₹142 per equity share, the estimated listing price is ₹302 (+112.7% expected listing gain).
With a lot size of 100 shares and current GMP of ₹160, the expected profit per application lot is approx ₹16,000 (+112.7% gain). Minimum application cost is approx ₹14,200.
The Exicom Tele-Systems Limited IPO aggregate issue size is ₹429 Crores with an equity price band set at ₹135 to ₹142 per equity share. The retail lot size is 100 shares requiring a minimum capital outlay of approx. ₹14,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 133.56x (Retail: 124.26x, QIB: 124.82x, NII: 159.29x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-03-02. Investors can verify status using PAN card or application number.
Exicom Tele-Systems Limited shares are scheduled to list on NSE and BSE on 2024-03-05.