Exicom Tele-Systems IPO fully subscribed within hours of opening

February 27, 2024
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.
A multi-bagger IPO of 2024 gets over-subscription on opening day - Exicom Tele Systems IPO.

Will this multi-bagger IPO of 2024 gets over-subscription on opening day? – Exicom Tele Systems IPO.

February 25, 2024
Exicom Tele-Systems IPO is a India based power management solution provider incorpoated in 1994, operating in designing, manufacturing and servicing of DC Power Systems,digital communcation networks and electric vehicle supply equipment especially EV Charging equipments.Exicom Tele-Systems is the pioneer in the EV service market. The IPO of Exicom Tele-Systems will open for subscription on 27 February, 2024 with a price band of ₹135 to ₹142 per equity share. The IPO subscription will end on 29th February 2024. Exicom Tele-Systems IPO will be raising 429 crore from this public issue out of which ₹329 crore is aimed through the issuance of fresh issues. Around ₹100 crore is reserved for Offer for Sale. One lot will comprise of 100 shares and the allotment of shares will be done by 1st March 2024. The initiation of refund will happen on 4th March, 2024 and credit of shares in Demat will happen on 4th March, 2024. The market capitalization of Exicom Tele-Systems is ₹ 1715.71 Cr with an ROE of 13.38% and ROCE of 10.92%. 75% of the net issue is open for QIB Investors, 15% for HNI's and 10% to Retails Investors. In the grey market, this share of Exicom are available at premium of ₹128 per share. Link Intime India Limited will be the official registrar of the book building issue.The final listing of Exicom Tele-Systems is expected on 5th March 2024.