Exicom Tele-Systems IPO fully subscribed within hours of opening

Exicom Tele-Systems IPO was subscribed 10.2 times on the first day of issue and was fully subscribed within hours of opening. Exicom was open for subscription from 27 February 2024 and will continue to remain open till 29 February 2024. Exicom a EV charging company will be raising ₹429 crore from this public offer.. The public issue received bids for 18,26,60,500 equity shares as against 1,82,23,540 shares on the offer, surpassing the expected response on day one. The equity shares of Exicom Tele Systems are trading at ₹312 (including premium) apiece in the grey market as against the issue price of ₹142.