March 5, 2024
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Exicom Tele-Systems IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the last GMP of Exicom Tele-Systems IPO?
On 5th March, the scrip is listed at Rs. 265, compared to its issue price of Rs. 142, a premium of Rs. 86.62%. The listing has been below the expectations of the grey market traders.
Premium: Rs. 160
Small Subject to Rs.12200
big Subject to Rs.183000
What are the promoters of Exicom Tele-Systems IPO?
The promoters of the Company are NextWave Communications Private Limited and Mr. Anant Nahata
What are the Objects of Exicom Tele-Systems IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Part-financing the cost towards setting up of 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
What is the business of Exicom Tele-Systems?
Exicom Tele-Systems is an India headquartered power management solutions provider, operating under two business verticals, (i) electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India; and (ii) Critical power solutions business, wherein it designs, manufactures and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. It is amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, it is amongst the market leaders, with a market share of 60% and 25% in the residential and public charging segments, respectively. Furthermore, in its Critical Power Business, it occupies a market share of 16% in the DC Power Systems market and is recognized as a leading player in the market for Li-ion Batteries for application in the telecommunications sector, having a market share of approximately 10% as of March 31, 2023.
The company commenced its EV Charger Business in 2019, which provides smart electric vehicle charging products and solutions. EV penetration is expected to grow across vehicle segments, i.e., two-wheelers (“2W”), three-wheelers (“3W”), passenger vehicles (“PVs”), buses and commercial vehicles. The EV PV and bus market is estimated to grow by nine times between Financial Year ended March 31, 2023, and Financial Year ended March 31, 2028, at a CAGR of 50% to 60% with 8% to 10% EV penetration. To support this shift towards EVs, the EV charging network will need to ramp up its capacity, presenting a significant, industry-wide market opportunity for EV charging products with a projected total addressable market (“TAM”) of Rs. 86.00 billion by Financial Year ended March 31, 2028, in India.
Critical Power Business: Its Critical Power Business delivers overall energy management at telecommunications sites and enterprise environments. Under this business vertical, it offers a diversified portfolio of DC power conversion systems and Li-ion based energy storage solutions to deliver back-up power during grid interruption and have deployments in India, Southeast Asia and Africa. Its DC Power Systems are typically customized to customers’ specifications for use cases at telecommunications sites, including at large central offices, renewable hybrid sites, base station sites and small cell/Wi-Fi sites. It has achieved deployment of its DC Power Systems across 15 countries in Southeast Asia and Africa. Its Li-ion Batteries provide back-up power in case of power grid interruptions or intermittent renewable energy supply, and are based on modular and parallelable platforms supported by its proprietary battery management system and can be combined to make battery systems to meet the requirements of the end-application. As of March 31, 2023, the Company has deployed 450,000 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.00 GWH.
For more information, click https://www.exicom.in/
Exicom Tele-Systems IPO GMP, Particulars & Guidance
| Exicom Tele-Systems IPO Details | |
| IPO opens on | 27 February, 2024 |
| IPO closes on | 29 February, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 30211214 Sh /Rs 429.00 Cr |
| * Fresh Issue | 23169014 Sh /Rs 329.00 Cr |
| * Offer for Sale | 7042200 Sh /Rs 100.00 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 135-142 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 100 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Exicom Tele-Systems? | Shares | Rs. in Cr |
| QIB (75 %) | 22658510 | 321.75 |
| NII (15 %) | 4531682 | 64.35 |
| RII (10 %) | 3021121 | 42.90 |
| Employees | – | – |
| Total Shares | 30211214 | 429 |
| Retail portion will be oversubscribed by | 30211 Forms. | |
| How to apply in Exicom Tele-Systems IPO ? | Amount Rs. | |
| Min Retail Application | 100 Sh | 14200 |
| Max Retail Application | 1400 Sh | 198800 |
| Small HNI (Min) application | 1500 Sh | 213000 |
| Small HNI (Max) application | 7000 Sh | 994000 |
| Big HNI Application | 7100 Sh | 1008200 |
| What is the timetable of Exicom Tele-Systems IPO? | |
| IPO opens on | 27 February 2024 |
| IPO Closes on | 29 February 2024 |
| IPO Allotment on | 1 March 2024 |
| Unblocking of ASBA | 4 March 2024 |
| Credit of Shares | 4 March 2024 |
| Listing on | 5 March 2024 |
| Registered Office of Exicom Tele-Systems | |
| Exicom Tele-Systems Limited 8, Electronics Complex, Chambaghat Solan 173 213 | |
| Who are the Lead Managers of Exicom Tele-Systems IPO? Monarch Networth Capital Ltd Unistone Capital Pvt Ltd Systematix Corporate Services Ltd | |
| Registrar to IPO | |
| Link Intime India Private Limited |
| Exicom Tele-Systems IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 524 | 3.45 | 1.38 | 5.94 |
| 2021-22 | 849 | 5.14 | 3.31 | 13.72 |
| 2022-23 | 723 | 6.37 | 3.38 | 13.38 |
| Book Value of the Share on 31.03.2023 | Rs. | 25.24 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 142 | ||
| Exicom Tele-Systems IPO Ratio Analysis | |
| Price /EPS | 42.01 |
| Price/Book Value Ratio | 5.63 |
| Price/BV after IPO | ? |
How Exicom Tele-Systems IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Exicom Tele-systems | 10 | 708 | 42.01 |
| Servotech Power Systems | 1 | 278 | 158 |
| HBL Power Systems | 1 | 1369 | 76 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Exicom Tele-Systems IPO Guidance
Exicom Tele-Systems is an India headquartered power management solutions provider, operating under two business verticals, (i) electric vehicle supply equipment (“EV Charger(s)”) solutions business, wherein it provides smart charging systems with innovative technology for residential, business, and public charging use in India; and (ii) Critical power solutions business, wherein it designs, manufactures and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. It is amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, it is amongst the market leaders, with a market share of 60% and 25% in the residential and public charging segments, respectively.
Size: The size of the IPO is very small ( Rs.429 Cr). The retail portion is just Rs. 64.35 Cr and HNI portion is only Rs. 42.90. So huge oversubscription is evident.
Guidance: Now-a-days EV, Solar etc catch fancy of the investors. With Good turnover, market share and profitability, if the IPO catch fancy of the investors, it is natural. Size of the IPO is very small, so huge oversubscription, will add to the interest cost. The Grey market has already factored in the interst-costs and the premium prevails at high level. (Rs. 154 Vs IPO offer price of Rs. 142 at 27 Feb Morning). Tatas, Adanis etc have entered these market with full money power, so we cannot comment about the long-term future of these company, yet oversubscription and listings are concerned, it will be impressive. Apply.
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