Everything you need to know about Exicom Telesystems Limited IPO

Exicom Telesystems Limited is launching its IPO. The opens for subscription on 27th February and will close on 29th February 2024.

What does Exicom Telesystems Limited do?

Incorporated in 1994, Exicom Telesystems Limited is a power management solutions provider, operating under two business verticals, (i) Critical power solutions business, wherein the company designs, manufactures and services DC Power Systems and Li-ion-based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas; and (ii) Electric vehicle supply equipment i.e., EV Charger(s) solutions business, wherein the company provides smart charging systems with innovative technology for residential, business, and public charging use in India.

The company was amongst the first entrants in the EV Chargers manufacturing segment in India and as of March 31, 2023, they had a market share of 60% and 25% in the residential and public charging segments, respectively (Source: CRISIL Report). Furthermore, in their Critical Power Business, they occupy a market share of 16% in the DC Power Systems market and are recognized 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.

What is the issue size of the Exicom Telesystems IPO?

The 429 crore public offer of the company is a combination of a Fresh equity issue worth 329 crore and an offer for sale (OFS) worth Rs. 100 crore from the existing shareholders.

Financials of Exicom Telesystems Limited IPO (₹ crores)

Financial Year Total Assets Total Revenue Profit After Tax EBITDA EPS
March 31, 2021 678.46 524.36 3.45 29.51 1.38
March 31, 2022 602.99 848.96 5.14 67.42 3.31
March 31, 2023 705.09 723.40 6.37 52.44 3.38

Risk factors to consider:

Dependence on global suppliers: The company procures nearly 67% of its material from suppliers in China, Singapore, Hong Kong, and South Korea among others. They may not be able to reduce their dependency on such imports. If critical components or raw materials become scarce or unavailable, the company may incur delays in manufacturing and delivery of their products and in completing the development programs.

R&D based rapidly evolving field: The company’s operations are dependent on their continued research and development initiatives, and their inability to identify and understand, or keep up with evolving industry trends, technological advancements, and customer preferences and develop new products to meet customers’ demands may adversely affect their business.

Schedule/Timeline of Exicom Telesystems Limited IPO

Issue Period 27th February to 29th February 2024
Price band ₹ 135 to 142
Minimum Bid quantity 100 & Multiples thereof
Deadline for accepting UPI mandate Until 5 PM on the issue closing day
Finalization of Allotment March 01, 2024
Initiation of Refunds March 04, 2024
Credit of Shares March 04, 2024
Date of Listing March 05, 2024
Mandate end date March 15, 2024
Anchor Investors Lock-In End Date (50% of the investment) April 01, 2024

Anchor Investors Lock-In End Date (Remaining investment) June 01, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Exicom Telesystems Limited IPO?

You can apply for the Exicom Telesystems Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Exicom Telesystems Limited IPO?

You can check the allotment status for the Exicom Telesystems Limited IPO on the website of the Registrar and Transfer agent.