Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions.
The company operates under two business verticals:
- Power Systems: Exicom provides uninterrupted power solutions for digital communication networks.
- EV Charging Solutions: Exicom has deployed over 6,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.
As of March 31, 2023, the company is among the first to enter India’s EV charger manufacturing segment. The company operates in the EV Charger business, which offers both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.
By September 30, 2023, the company had installed more than 61,000 EV chargers across 400 locations in India. As of September 30, 2023, the company has deployed 470,810 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.10 GWH.
The company’s manufacturing facility complies with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015.
As of September 2023, the company has supplied its EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs and four fleet aggregators.
As of September 30, 2023, the company employs 1,190 employees in India, of which 443 are contractual, 732 employees are technically qualified – 438 with diplomas and 294 with engineering degrees. The company also has 50 employees at its subsidiaries.
Exicom Tele-Systems IPO – Details
| IPO Opening Date | 27 February 2024 |
| IPO Closing Date | 29 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3,02,11,214 Shares Worth ₹429.00 Crore Fresh Issue: 2,31,69,014 Shares Worth ₹329.00 Crore Offer For Sale: 70,42,200 Shares Worth ₹100.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 – ₹142 |
| Market Lot | 100 Shares |
| Min Order | 100 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Exicom Tele-Systems IPO – Date Schedule
| IPO Open Date | 27 February 2024 |
| IPO Close Date | 29 February 2024 |
| Basis of Allotment Date | 01 March 2024 |
| Initiation of Refund | 04 March 2024 |
| Credit of Shares to Demat Account | 04 March 2024 |
| IPO Listing Date | 05 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 29 February 2024 |
Exicom Tele-Systems IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1,400 | ₹1,98,800 |
| S-HNI (Min) | 15 | 1,500 | ₹2,13,000 |
| S-HNI (Max) | 70 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 71 | 7,100 | ₹10,08,200 |
Competitive Strengths
- Established player in the Indian EV Charger market, with an early-mover-and-learner advantage in a fastgrowing industry characterized by high entry barriers;
- Domain experience and know-how and diversified product portfolio with a track record of demonstrated outcomes in critical cases;
- Vertically integrated operations, backed by manufacturing capabilities, robust supply chain, significant research and development activities and sales and marketing initiatives;
- Significant product development and focussed engineering capabilities;
- Track record of long-standing relationships with an established customer base; and
- Experienced and qualified leadership and management team.
Company Promoters
- NextWave Communications Private Limited
- Anant Nahata
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 524.36 | 511.53 | 3.45 | 101.76 |
| 31 March 2022 | 848.95 | 809.18 | 5.13 | 107.67 |
| 31 March 2023 | 723.39 | 690.95 | 6.37 | 117.92 |
| 30 September 2023 | 467.21 | 431.30 | 27.46 | 72.84 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.38% |
| ROCE | 10.92% |
| RoNW | 2.75% |
| P/BV | 5.63 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.65 | 4.55 |
| P/E (x) | 217.63 | 31.24 |
Object Of The Issue
- Part-financing the cost towards setting up production/assembly lines at the planned manufacturing facility in Telangana.
- Repayment/pre-payment, in part or full, of certain borrowings of the company.
- Part-funding incremental working capital requirements.
- Investment in R&D and product development.
- General corporate purposes.
Exicom Tele-Systems IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Servotech Power Systems Limited | 155.96 |
| 2 | 1 | HBL Power Systems Limited | 139.30 |
Exicom Tele-Systems IPO Promoter Holding
| Pre Issue Share Holding | 93.29% |
| Post Issue Share Holding | 69.57% |
Exicom Tele-Systems IPO Prospectus
Company Contact Information
| Exicom Tele-Systems Limited 8, Electronics Complex, Chambaghat Solan 173 213 Phone: +91 124 6615 200 Email: investors@exicom.in Website: https://www.exicom.in/ |
Exicom Tele-Systems IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: exicom.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
Exicom Tele-Systems IPO Lead Manager(s)
| 1. Unistone Capital Pvt Ltd 2. Monarch Networth Capital Ltd 3. Systematix Corporate Services Limited |
Exicom Tele-Systems IPO FAQs
| What is Exicom Tele-Systems IPO? Exicom Tele-Systems IPO is a main-board IPO. The issue is priced at ₹135 to ₹142 per equity share. The IPO is to be listed on BSE & NSE. |
| When Exicom Tele-Systems IPO will open? The IPO is to open on 27 February 2024 for QIB, NII, and Retail Investors. |
| What is Exicom Tele-Systems IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Exicom Tele-Systems IPO? You can apply Exicom Tele-Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Exicom Tele-Systems IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Exicom Tele-Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Exicom Tele-Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Exicom Tele-Systems“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Exicom Tele-Systems IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Exicom Tele-Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Exicom Tele-Systems IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Exicom Tele-Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Exicom Tele-Systems IPO Size? Exicom Tele-Systems IPO size is ₹429.00 Crore. |
| What is Exicom Tele-Systems IPO Price Band? Exicom Tele-Systems IPO Price Band is ₹135 to ₹142. |
| What is Exicom Tele-Systems IPO Minimum and Maximum Lot Size? The minimum bid is 100 Shares with ₹14,200 amount while the maximum bid is 1,400 Shares with ₹1,98,800. |
| What is the Exicom Tele-Systems IPO Allotment Date? Exicom Tele-Systems IPO allotment date is 01 March 2024. |
| What is the Exicom Tele-Systems IPO Listing Date? Exicom Tele-Systems IPO listing date is 05 March 2024. The IPO is to list on BSE and NSE. |
