Exicom Tele Systems IPO: The public providing is priced inside a spread of Rs 135 to Rs 142 per share.
Exicom Tele Systems IPO: Investors can bid for at least 100 shares and in multiples thereof.
Exicom Tele Systems IPO Date: Exicom Tele-Systems, a producer of EV chargers, will begin its IPO subscription interval from February 27 to February 29. The anchor e book will probably be accessible beginning February 26. The public providing features a contemporary difficulty of shares valued at Rs 329 crore and a proposal-for-sale of 70.42 lakh shares.
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Exicom Tele-Systems specialises in energy administration options, working inside two major enterprise verticals. One of those verticals is the EV chargers enterprise, whereby it gives good charging methods tailor-made for residential, business, and public charging functions throughout India.
NextWave Communications, Satellite Finance, and Vinsan Brothers personal 76.55 p.c, 4.64 p.c, and 4.35 p.c stakes within the firm, respectively. Additionally, HFCL holds a 7.74 p.c stake. HFCL’s inventory has surged over 30 p.c 12 months-to-date, largely attributed to the forthcoming IPO of Exicom.
Exicom Tele Systems IPO Price Band
The public providing is priced inside a spread of Rs 135 to Rs 142 per share.
Exicom Tele Systems IPO GMP
As per varied web sites monitoring gray market actions, Exicom Tele Systems shares are presently buying and selling at a premium of Rs 130 per share above the higher band within the gray market. This equates to a Grey Market Premium (GMP) of 91 p.c.
Exicom Tele Systems IPO Issue Size
The IPO consists of a contemporary difficulty of two.32 crore shares, totaling Rs 329 crore, and a proposal on the market whereby promoters are divesting 0.7 crore shares, amounting to Rs 100 crores.
Investors can bid for at least 100 shares and in multiples thereof. The minimal quantity required by a retail investor is Rs 14,200.
Exicom Tele Systems IPO Purpose
Exicom Tele Systems goals to utilise the online proceeds from the general public difficulty for the half-financing of the price in direction of establishing manufacturing/meeting traces on the deliberate manufacturing facility in Telangana, and compensation/pre-cost, partially or full, of sure borrowings of the corporate.
The remaining can be used to half-funding incremental working capital necessities, funding in R&D and product improvement in addition to for basic company functions.
Exicom Tele Systems IPO Allotment
The foundation of allotment of shares is scheduled for Friday, March 1, 2024, and the shares are more likely to be credited to the demat account on Monday, March 4, 2024.
Exicom Tele Systems Listing Date
The shares of Exicom Tele Systems are scheduled to debut on the bourses on Tuesday, March 5, 2024.
