Get ready for Exicom Tele-Systems' IPO! Know these key points before investing on Tuesday

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Exicom Tele-Systems, a company specializing in power systems and electric vehicle (EV) charging solutions, is set to launch its initial public offering (IPO) on February 27th, 2024.

Offering Details:

  • Size: ₹429 crore
  • Structure: Combination of fresh issue (₹329 crore) and offer for sale (₹100 crore)
  • Subscription Dates: February 27th - 29th, 2024
  • Expected Allotment: March 1st, 2024
  • Listing: Tentative date: March 5th, 2024, on BSE and NSE
  • Price Band: ₹135 - ₹142 per share
  • Minimum Investment: ₹14,200 (retail)
  • Minimum Lot Size: 100 shares
  • Book Running Lead Managers: Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematix Corporate Services Limited
  • Registrar: Link Intime India Private Ltd

Company Overview:

Established in 1994, Exicom Tele-Systems Limited is a leading provider of power systems, electric vehicle (EV) charging solutions, and other related products. The company operates through two main business verticals:

  • Power Systems: Exicom provides uninterrupted power solutions crucial for the smooth functioning of digital communication networks.
  • EV Charging Solutions: Exicom has established itself as a prominent player in this emerging market, having deployed over 6,000 AC and DC chargers across India and Southeast Asia. Their solutions are designed to withstand harsh environmental and electrical conditions, making them suitable for diverse settings.

Key Achievements and Market Position:

  • Exicom is among the first companies to enter India's rapidly growing EV charger manufacturing segment, offering both slow and fast charging solutions.
  • The company boasts a diverse customer base, including established automotive original equipment manufacturers (OEMs) for passenger cars and EV buses, charge point operators (CPOs), and fleet aggregators.
  • As of September 30th, 2023, Exicom has installed over 61,000 EV chargers across 400 locations in India, demonstrating their significant reach and market penetration.
  • They have also deployed over 470,810 Li-ion batteries for telecom applications, translating to a storage capacity exceeding 2.10 GWh.
  • Exicom's manufacturing facility adheres to stringent international standards, including ISO 14001:2015 (environmental management), ISO 45001:2018 (occupational health and safety), and ISO 9001:2015 (quality management), signifying their commitment to quality and responsible manufacturing practices.

Use of Funds:

The net proceeds from the IPO will be utilized for various purposes, including:

  • Part-financing the cost of establishing a new production/assembly line at their planned manufacturing facility in Telangana.
  • Repayment or pre-payment of existing company borrowings.
  • Funding increased working capital requirements.
  • Investing in research and development (R&D) to further enhance their product offerings.
  • Addressing general corporate purposes.
Overall, the Exicom Tele-Systems IPO presents an opportunity for investors to participate in a company well-positioned within the growing power systems and EV charging markets in India and beyond.

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