Exicom Tele systems Ltd IPO
Everything about Exicom Tele Systems Ltd IPO!
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Everything about Exicom Tele Systems Ltd IPO!
Overview of Exicom Tele systems Ltd IPO
IPO Date
27-Feb-2024 to 29-Feb-2024
Face Value
₹10
Price Band
₹135 to ₹142
Lot Size
100 Share
Issue Size
30,211,214 shares (aggregating up to ₹429.00 Cr)
Listing At
BSE,NSE
Basis of Allotment
1-Mar-2024
Initiation of Refunds
4-Mar-2024
Credit of Shares to Demat
4-Mar-2024
Listing Date
5-Mar-2024
Cut off time for UPI Mandate
29-Feb-2024
Objective of Exicom Tele systems Ltd IPO
The net proceeds from the issuance of 2,31,69,014 Equity Shares (worth Rs 329 crs) will be utilized to repay debt (Rs 50 crs), funding capex for setting up a new manufacturing facility in Telengana (Rs 146 crs), meeting working capital requirements (Rs 69 crs), investing in R&D (Rs 40 crs) and rest of the funds (Rs 24 crs) have been kept for General Corporate Purpose.
Exicom Tele-Systems Limited is a Mainboard IPO with a book-built issue of Rs. 429 crores, with fresh issuance of ~2.31 crore shares and an OFS of 0.7 crore shares. The IPO will open from 27th February to 29th February 2024, allotment is expected to be done on 1st March, and it will be listed on BSE and NSE on 5th March 2024. The price band is ₹135 to ₹142 per share, with a minimum lot size of 100 shares, and a minimum investment amount of ₹14,200. The book-running lead managers are Monarch Networth Capital, Unistone Capital, and Systematix Corporate Services while Link Intime is the registrar for the issue.
About Exicom Tele systems Ltd IPO
Exicom is a power management solutions provider operating under two business verticals, i;e critical power solutions business and electric vehicle supply equipment solutions business. The company was incorporated in 1994 and is based out of Himachal Pradesh. The company designs, manufactures and services DC Power Systems and Li-ion-based energy storage solutions under its critical power solutions vertical and it provides smart charging systems with innovative technology for residential, business, and public charging use in India under its EV business.
Exicom Tele systems Ltd IPO Financials
Particulars (in Cr) | H1FY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 455 | 708 | 843 | 513 |
Operating Expenses Annual | 414 | 655 | 775 | 483 |
Operating Profit Annual | 41 | 52 | 67 | 30 |
Depreciation | 8 | 16 | 15 | 14 |
Interest Annual | 9 | 19 | 19 | 14 |
Tax Annual | 8 | 1 | 9 | 0 |
Total Share Holder Funds | 311 | 232 | 222 | 213 |
Fixed Asset Annual | 53 | 50 | 65 | 67 |
Total Non Current Asset | 85 | 81 | 104 | 83 |
Total Current Asset | 491 | 575 | 433 | 528 |
Total Asset Annual | 629 | 705 | 603 | 678 |
Book Value Per Share | ₹26 | ₹ 19 | ₹ 18 | ₹ 18 |
ROE | 8.8% | 13.4% | 13.7% | 5.9% |
ROCE | 9.2% | 10.9% | 17.7% | 5.3% |
Total Debt To Total Equity | 0.1 | 0.4 | 0.4 | 0.5 |
EBIDTA | 9.1% | 7.4% | 8.0% | 5.8% |
Cash From Operating | 29 | 3 | 56 | -13 |
Cash From Investing | -16 | 8 | -10 | -20 |
Cash From Finance | 1 | -16 | -17 | 46 |
Net Cash Flow | 14 | -5 | 29 | 13 |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
93.28%
Promoter’s Holding(Post-Issue)
-
The following points should be kept in mind:
Exicom, like any business, has its strengths and challenges. The business depends on the continued adoption of EVs by businesses, end-users, and fleet operators, as well as continued support from regulatory programs; any unexpected negative surprises from these stakeholders could significantly impact Exicom’s performance. The business depends on the top five customers based on revenue contribution under its critical power solutions business (“Critical Power Business”), which has contributed over 50% of its revenue. ~More than 60% of Exicom’s raw material is imported, exposing it to exchange rate fluctuation and supply chain risks.
Exicom Tele-Systems IPO is a main-board IPO of 30,211,214 equity shares of a face value of ₹10, aggregating up to ₹429.00 Crores. The issue is priced at ₹135 to ₹142 per share. The minimum order quantity is 100 Shares.
The IPO opens on February 27, 2024, and closes on February 29, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE and NSE.
The Exicom Tele-Systems IPO opens on February 27, 2024, and closes on February 29, 2024.
Exicom Tele-Systems IPO lot size is 100 Shares, and the minimum amount required is ₹14,200.
The Basis of Allotment for Exicom Tele-Systems IPO will be finalized on Friday, March 1, 2024, and the allotted shares will be credited to your demat account by Monday, March 4, 2024.
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