Exicom Tele-Systems
Book Building issueMainboard₹429 Cr issue
+85.92%
Listing gain over issue price
Issue size
₹429 Cr
1 lot at cut-off
₹14,200
Lot size
100shares
Open
27 Feb 2024
Close
29 Feb 2024
Allotment
01 Mar 2024
Listing
05 Mar 2024
Listing performance
Issue price
₹142
Listed at
₹264
Listing-day close
₹225.65
Latest price
₹125.89
Close on 23 Oct 2026
Listing gain
+85.92%
Return since issue
-11.35%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 27 Feb 2024 – 29 Feb 2024
- Listing date
- 05 Mar 2024
- Face value
- ₹10 per share
- Issue price
- ₹142 per share
- Lot size
- 100 shares
- Issue type
- Book Building issue
- Total issue size
- ₹429 Cr
- Market cap at offer price
- ₹1,716 Cr
- Promoter holding
- 93.28% → 69.57% pre-issue → post-issue
- ISIN
- INE777F01014
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Monarch Networth Capital Ltd.
- Registered office
- 8, Electronics Complex, Chambaghat, Himachal Pradesh
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,25,38,800 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 100 shares per lot, in multiples, at ₹142
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹14,200 |
| Retail (max) | 14 | 1,400 | ₹1,98,800 |
| S-HNI (min) | 15 | 1,500 | ₹2,13,000 |
| S-HNI (max) | 70 | 7,000 | ₹9,94,000 |
| B-HNI (min) | 71 | 7,100 | ₹10,08,200 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
1,25,38,800
Anchor portion
₹178 Cr
at ₹142 per share
Valuation and performance
Valuation at offer price
₹142 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.65 | 4.55 |
| P/E (×) | 218.46 | 31.21 |
| Price to book (×) | 5.63 | — |
| Market cap | — | ₹1,716 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 2.75%
- ROCE
- 10.92%
- PAT margin
- 4.30%
- NAV per share
- ₹25.24
- Price to book
- 5.63
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Exicom Tele-Systems
Incorporated in 1994 as Himachal Exicom Communications Limited and renamed Exicom Tele-Systems Limited in 2008, the company designs, manufactures, and services DC Power Systems and Li-ion based energy storage solutions for telecommunications sites and enterprise environments in India and overseas through its Critical Power Business. The company also provides smart charging systems for residential, business, and public electric vehicle charging applications in India through its EV Charger Business, which commenced commercial sales in Financial Year 2019. The company generates revenue through product sales and services including installation, commissioning, maintenance, operations, spare parts supply, and repairs. As of March 31, 2023, it held 60% market share in residential EV charging and 25% in public charging segments, with 16% share in DC Power Systems market and approximately 10% in Li-ion Batteries for telecommunications.
Company Analysis
from RHPExicom Tele-Systems Limited is an India-headquartered power management solutions provider operating in critical power systems and electric vehicle charging infrastructure across telecommunications and energy sectors.
Incorporated in 1994 as Himachal Exicom Communications Limited and renamed Exicom Tele-Systems Limited in 2008, the company designs, manufactures, and services DC Power Systems and Li-ion based energy storage solutions for telecommunications sites and enterprise environments in India and overseas through its Critical Power Business. The company also provides smart charging systems for residential, business, and public electric vehicle charging applications in India through its EV Charger Business, which commenced commercial sales in Financial Year 2019. The company generates revenue through product sales and services including installation, commissioning, maintenance, operations, spare parts supply, and repairs. As of March 31, 2023, it held 60% market share in residential EV charging and 25% in public charging segments, with 16% share in DC Power Systems market and approximately 10% in Li-ion Batteries for telecommunications.
Telecommunications power systemsElectric vehicle charging infrastructureEnergy storage solutionsData centre power systems
Objects of the Issue
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana ₹1,457.72 million p.27
- Repayment/pre-payment, in part or full, of certain borrowings of our Company ₹502.98 million p.27
- Part-funding incremental working capital requirements ₹690.00 million p.27
- Investment in R&D and product development ₹400.00 million p.27
- General corporate purposes p.27
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana (Critical Power and EV Charger production/assembly line; Prismatic production/assembly line for Li-ion Batteries) ₹351.11 million (for plant and machinery procurement) p.52
- Investment in R&D and product development ₹400.00 million p.50
- Repayment/pre-payment of certain borrowings p.69
- Part-funding incremental working capital requirements p.69
- General corporate purposes p.69
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana ₹1,457.72 million p.120
- Repayment/pre-payment, in part or full, of certain borrowings of our Company ₹502.98 million p.133
- Part-funding incremental working capital requirements ₹690.00 million p.136
- Investment in R&D and product development ₹400.00 million p.140
- General corporate purposes [●] million (not to exceed 25% of Gross Proceeds) p.142
- Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana p.224
- Investment in R&D and product development p.224
- Fresh issue of equity shares and offer for sale by selling shareholders ₹4,000.00 million through fresh issue, with offer for sale of up to 7,400,000 equity shares p.351
- Part-financing the cost of setting up a critical power and EV Charger production/assembly lines at the planned manufacturing facility in Telangana p.372
- Fresh Issue for general corporate purposes (details to be specified in full prospectus) ₹3,290.00 million (revised after Pre-IPO Placement of ₹710.00 million) p.427
Issue Structure
- Total Issue
- Up to [●] Equity Shares, aggregating up to ₹ [●] million
- Fresh Issue
- Up to [●] Equity Shares, aggregating up to ₹ 3,290.00 million
- Offer for Sale
- Up to 7,042,200 Equity Shares, aggregating up to ₹ [●] million by NextWave Communications Private Limited
- Price Band
- [●] per Equity Share (Floor Price [●] times to Cap Price [●] times the face value)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares
- Face Value
- ₹10 per Equity Share
Business Model
The company operates on a business-to-business model generating revenue from the sale of critical power solutions products (indoor power systems, outdoor power systems, hybrid power systems, and Li-ion Batteries) and EV charging solutions (AC chargers and DC fast chargers), supplemented by service revenues from installation, commissioning, maintenance and operations, spare parts supply, and repair and return services.
Business Segments
Design, manufacture and service 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. Products are categorized under indoor power systems, outdoor power systems, hybrid power systems and Li-ion Batteries.
Provide smart charging systems with innovative technology for residential, business, and public charging use in India. Products are categorized under AC chargers and DC fast chargers.
Manufactures and sells uninterruptible power supplies, Li-ion battery packs, battery management systems, power conversion systems and related products to telecom, data center and industrial customers including Government of India entities.
Manufactures and supplies electric vehicle charging infrastructure and related solutions.
Designs, manufactures and sells Li-ion batteries, power converters, and energy storage solutions for telecommunications infrastructure and other applications.
Designs, manufactures and sells AC and DC EV charging infrastructure, including chargers for electric vehicles across multiple segments (two-wheelers, three-wheelers, passenger vehicles, buses, commercial vehicles).
Designs, manufactures and services DC Power Systems and Li-ion based energy storage solutions for telecommunications sites and enterprise environments in India, Southeast Asia and Africa to deliver backup power during grid interruptions
Provides smart electric vehicle charging products and solutions including AC chargers (3.3kW to 22kW) for residential use and DC fast chargers (30kW to 360kW) for business and public charging networks
Supplies DC Power Systems (Indoor and Outdoor Power Systems, Hybrid Power systems), Li-ion Batteries for backup power at telecommunications sites, and AC-DC converters. Products focus on power management, efficiency, connectivity, reliability and flexibility for telecommunications infrastructure. The business serves state-owned and private telecommunications companies, tower companies, and has deployed solutions across 15 countries in South East Asia and Africa.
Manufactures and supplies AC and DC electric vehicle chargers for home and commercial use, including SPIN Home residential chargers, Harmony DC fast chargers for heavy duty vehicles, Bharat standard chargers, and portable chargers. Products serve automotive OEMs (Mahindra & Mahindra, MG Motors, JBM), national charging point operators (Reliance BP Mobility/JioBP, Fortum Charge & Drive), and fleet aggregators. Company was one of early entrants to manufacture EV chargers in India and developed Bharat Standard chargers in 2019.
Designs and manufactures uninterruptible power supplies, rectifiers, power distribution systems, and related solutions for telecom networks, data centers, industrial applications, and solar installations
Develops and manufactures AC and DC electric vehicle charging infrastructure solutions
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. Offers customized DC power conversion systems for telecommunications use cases and Li-ion Batteries providing back-up power during grid interruptions or for intermittent renewable energy supply.
Provides smart electric vehicle charging products and solutions including slow charging (AC chargers) primarily for residential use and fast charging solutions (DC chargers) for business and public charging networks. Products compliant with global standards (CE) and Indian certification requirements. Serves automotive OEMs, charge point operators, and fleet aggregators.
Supplies uninterruptible power supply systems, solar power systems, lithium-ion energy storage systems, and related services to telecommunications operators, data centers, and renewable energy customers
Manufactures and sells AC and DC electric vehicle charging stations
SWOT Analysis
Strengths
- • Market leadership position in EV charging segment with significant market share(p.26)
- • Established presence and recognition in critical power systems market(p.26)
- • Dual business model with complementary revenue streams(p.25)
- • Strategic international expansion with five subsidiaries across key markets(p.47)
- • Strong technical workforce with 732 technically qualified employees(p.53)
- • Proven growth trajectory in EV Charger business with 125.43% CAGR FY2021-2023(p.63)
- • Significant order book indicating future revenue visibility(p.56)
- • Established patent portfolio with 4 granted patents and 6 pending applications(p.59)
- • Early-mover advantage in fast-growing EV charger market with high entry barriers(p.147)
- • Vertically integrated operations with manufacturing, R&D and supply chain capabilities(p.147)
- • Domain expertise and diversified product portfolio with proven track record(p.147)
- • Strong R&D and product development capabilities with 145 R&D employees(p.147)
- • Established relationships with long-standing customer base(p.147)
- • Experienced leadership and management team(p.147)
- • Early-mover advantage in Indian EV charger market with dominant market share(p.217)
- • Extensive EV charger deployment across India(p.217)
- • Diversified product portfolio across Critical Power and EV Charger segments(p.217)
- • Vertically integrated operations with in-house manufacturing and R&D capabilities(p.219)
- • Strong market position in Critical Power with established customer base(p.210)
- • Significant Li-ion battery deployment in telecom sector(p.213)
- • Track record of successful product deployment in critical applications(p.219)
- • Dedicated R&D team with 145 employees across two centers developing power electronics and EV charger technology(p.221)
- • Early mover advantage in EV charger manufacturing with proprietary Bharat Standard chargers developed in 2019(p.221)
- • Long-standing customer relationships with diverse customer base across both business verticals(p.222)
- • Experienced and qualified management team led by Anant Nahata with 14+ years in power electronics industry(p.223)
- • Vertically integrated operations with in-house development capabilities enabling faster product development and cost control(p.224)
- • Significant Li-ion battery deployment experience with 2.10 GWh deployed across India and overseas(p.221)
- • Technically qualified workforce with 732 technically qualified employees including 438 diploma holders and 294 engineers(p.223)
- • Strong organic growth with CAGR of 17.48% in revenue from operations between FY2021 and FY2023(p.223)
- • Established corporate governance framework with SEBI and Companies Act compliance(p.274)
- • Strong Board composition with independent directors including women representation(p.274)
- • Comprehensive Board committee structure for oversight and risk management(p.274)
- • Authorized borrowing capacity of ₹12,000 million for business flexibility(p.274)
- • Early mover advantage in EV charging with strong market share(p.365)
- • Vertically integrated operations with in-house R&D and manufacturing capabilities(p.367)
- • Strong market position in critical power systems with substantial deployment base(p.365)
- • Significant revenue growth in EV charger business with high CAGR(p.368)
- • Diversified product portfolio addressing multiple market segments(p.366)
- • Industry recognition and certifications validating product quality(p.367)
- • Planned manufacturing facility for EV chargers and critical power solutions with significant capacity expansion(p.372)
- • Capacity to capitalize on EV charger demand growth corresponding to EV market expansion in India(p.372)
Weaknesses
- • Heavy dependence on top five customers for over 50% of revenue in critical power business(p.22)
- • Significant reliance on global suppliers, particularly from China(p.39)
- • Limited long-term customer contracts with no firm volume or price commitments(p.43)
- • Manufacturing facility concentration in northern India with operational vulnerabilities(p.42)
- • Prior operating losses with uncertainty about future profitability(p.44)
- • Regulatory actions against members of promoter group(p.43)
- • Historical negative cash flows from operating activities in prior periods(p.48)
- • Material subsidiary facing going concern issues with deficit in net assets(p.56)
- • High trade receivable days indicating collection challenges (166 days in FY2023)(p.51)
- • Delays in statutory deduction payments including provident fund(p.53)
- • Missing corporate records including untraceable share transfer forms from 2009-2012(p.61)
- • Dependence on material subsidiary Exicom Singapore representing 29.39% of revenues in H1 FY2024(p.68)
- • Unable to trace certain corporate share transfer records(p.109)
- • Funding requirements not appraised by independent agencies and based on management estimates(p.69)
- • Significant pledged shareholding with promoter pledging 2.63% of shares to banks(p.109)
- • High level of working capital financing dependence with ₹1,361.06 million outstanding borrowings(p.136)
- • Revenue decline in recent fiscal year despite growth in current half(p.216)
- • High dependence on Critical Power segment revenue historically(p.216)
- • Negative EBIT margin in prior period(p.216)
- • Limited overseas presence with only five subsidiaries(p.214)
- • Relatively high inventory holding days in EV charger business(p.210)
- • High dependence on top five Critical Power customers representing 57.10% of total revenue in H1 FY2024(p.222)
- • Significant revenue concentration from overseas customers at 38.92% in H1 FY2024, exposing to forex and geopolitical risks(p.229)
- • Li-ion battery sourcing dependence on strategic partnerships with Chinese vendors(p.241)
- • Declining capacity utilization in rectifier production from 95.55% in FY2022 to 52.49% in FY2023(p.234)
- • Relatively low R&D investment as percentage of revenue at 1.96% in H1 FY2024, down from 3.73% in H1 FY2023(p.222)
- • Going concern uncertainty for Horizon Tele-Systems SDN BHD subsidiary(p.295)
- • Persistent going concern issues across multiple reporting periods for Horizon subsidiary(p.295)
- • Missing financial statements from subsidiary Horizon Power Solutions DMCC, Dubai(p.295)
- • Significant concentration of shareholding with promoter holding 76.55% of equity(p.284)
- • High customer concentration risk in critical power business(p.370)
- • Exposure to volatile raw material costs and supply chain constraints(p.368)
- • Material uncertainty regarding going concern of step-down subsidiary(p.350)
- • Significant losses from discontinued EV battery business operations(p.350)
- • Risk of product delays and inability to meet regulatory requirements(p.371)
- • Dependence on top five critical power customers for over 50% of revenue(p.400)
- • Dependence on third-party suppliers for key inputs and components(p.400)
- • Expansion and growth subject to significant risks including delays, cost overruns, and workforce constraints(p.372)
- • Management time and resources stretched by complexity of diversification and globalization(p.372)
Opportunities
- • Expansion of EV charging infrastructure to support rapid EV adoption(p.27)
- • Growth driven by 4G/5G network expansion and telecom tower upgradation(p.27)
- • Localization of Li-ion battery manufacturing to reduce import dependency(p.46)
- • Setting up planned Telangana manufacturing facility for production capacity expansion(p.27)
- • Data centre growth creating demand for energy storage solutions(p.46)
- • Expansion into high-growth EV charger market across Southeast Asia and Europe(p.56)
- • Government support for EV infrastructure through various incentive schemes(p.59)
- • Planned Telangana manufacturing facility to increase production capacity(p.52)
- • Increased R&D investment to develop new battery chemistries and products(p.51)
- • Growing demand for critical power and data centre energy storage systems(p.77)
- • High growth in EV charger market projected at 55-60% CAGR through FY2028(p.141)
- • EV penetration expected to grow 9x between FY2023 and FY2028 at 50-60% CAGR(p.136)
- • Electric charging infrastructure market estimated to grow 6-7x by FY2028 to ₹9-9.5 billion(p.141)
- • Energy storage solutions market for telecom expected to grow at 13.10% CAGR(p.136)
- • Expansion of Telangana manufacturing facility enabling increased production capacity(p.120)
- • Strong order backlog of ₹5,809.89 million supporting revenue growth(p.137)
- • Rapid growth in Indian EV charging infrastructure market(p.203)
- • Strong projected growth in EV charger demand(p.217)
- • Expansion of EV charging network through government initiatives(p.208)
- • Large addressable market opportunity for EV chargers in India(p.217)
- • Growth in telecommunications power systems market(p.213)
- • Expansion opportunity in energy storage for data centres(p.213)
- • Growth in energy storage solutions for telecommunications(p.213)
- • Global EV charging market expansion opportunity(p.217)
- • Massive EV market growth with global EV market projected to reach 41.8 million units by 2030 from 12.8 million in 2023(p.224)
- • EV charger market CAGR of 44.40% with public chargers projected to grow from 2.61 million units in 2022 to 16.39 million by 2027(p.224)
- • India's EV and bus market estimated to grow 9x between FY2023 and FY2028 at CAGR of 50-60%(p.224)
- • FAME II government support with ₹8,000 million sanctioned in March 2023 for 7,432 public fast charging stations(p.224)
- • Expanding into Southeast Asia and Europe with growing EV adoption and existing local certifications in Thailand and Malaysia(p.226)
- • New market opportunities for telecommunications power solutions as companies pursue net-zero goals(p.226)
- • Planned Telangana manufacturing facility to increase production capacity for EV chargers and Li-ion batteries(p.224)
- • Growing demand for energy management software and IoT solutions in EV and battery sectors(p.224)
- • Formulation of comprehensive risk management policy including cyber security(p.279)
- • Implementation and monitoring of cyber security policies and processes(p.279)
- • Board diversity policy development opportunity(p.277)
- • Expansion of employee stock option plans under SEBI regulations(p.277)
- • Large TAM and high growth projections for EV charging infrastructure in India(p.368)
- • Rapidly growing telecommunications power and energy storage market(p.366)
- • Expansion of data centre infrastructure driving demand for energy solutions(p.366)
- • International expansion opportunity leveraging growing EV adoption in Southeast Asia and Europe(p.371)
- • Strong customer demand for diverse EV charger categories across use cases(p.366)
- • Global expansion into new international markets for EV chargers and critical power solutions(p.372)
- • Growth in EV charger demand driven by increasing EV adoption in India(p.372)
- • R&D investments in new product development for EV chargers and critical power solutions(p.372)
Threats
- • Nascent and volatile EV adoption market dependent on government support(p.37)
- • Intense competition in telecom sector creating pricing pressure(p.44)
- • Slowing tower infrastructure growth with lower than historical CAGR(p.44)
- • Global supply chain disruptions and material scarcity risks(p.45)
- • Risk of technological obsolescence in battery and charging technology(p.46)
- • Dependence on PSU/government customers with competitive bidding and price pressure(p.39)
- • Exposure to foreign exchange fluctuations across major currencies (USD, Euro, GBP)(p.75)
- • Government policy changes affecting EV incentives could reduce charger demand(p.59)
- • Competitive pressure from bidding process with pricing impacts on GoI contracts(p.50)
- • Regulatory compliance risks and potential inability to obtain/renew required permits(p.55)
- • Supply chain disruptions and raw material availability constraints(p.52)
- • Macroeconomic risks including inflation, interest rates and economic slowdown in India(p.78)
- • Product quality defects could result in recalls and loss of customer confidence(p.61)
- • Planned Telangana facility at risk of unanticipated delays in approvals and implementation(p.47)
- • Telecom power systems market growth rate only 8.50% CAGR through FY2028(p.136)
- • Supply chain complexity with dependence on imported components and semiconductor availability(p.139)
- • Increasing competition from established global and domestic players(p.181)
- • Consolidated global market with dominant players holding significant share(p.181)
- • Technology evolution risk requiring continuous innovation(p.217)
- • Dependence on telecommunications infrastructure capex cycle(p.183)
- • Raw material supply chain volatility for batteries(p.185)
- • Regulatory and compliance risks in EV charging sector(p.217)
- • Market concentration risk with limited number of major tower operators(p.176)
- • Intense competition from established players like Delta Electronics India and other DC power solution providers(p.248)
- • Forex and geopolitical risks from high export exposure to overseas markets(p.226)
- • Dependence on raw material and electronic components from international suppliers in China, Singapore, Hong Kong, and South Korea(p.241)
- • Regulatory changes and compliance requirements in EV charging standards and environmental laws(p.250)
- • Telecommunications sector dependency for Critical Power Business with potential impact from industry consolidation(p.222)
- • Risk of IT/ERP system failures impacting business operations and customer service(p.245)
- • Key subsidiary with material uncertainty regarding going concern status(p.295)
- • Regulatory compliance requirements under SEBI Listing Regulations and Companies Act amendments(p.274)
- • Dependence on reliance of other auditors' reports for consolidated financial statements(p.292)
- • Uncertainty in EV adoption rates and market development pace(p.368)
- • Rapidly changing technology and evolving regulatory landscape in nascent EV industry(p.368)
- • Risk of inability to timely commercialize products amid competing market offerings(p.371)
- • High dependence on customer orders and inability to pass through cost increases(p.370)
- • Currency exchange rate fluctuation exposure affecting international operations(p.346)
- • International market entry barriers including political, economic, legal and cross-cultural risks(p.372)
- • Volatility in raw material prices and supply disruptions affecting production costs(p.400)
- • Inability to obtain required permits, licenses and government approvals for manufacturing facilities(p.372)
- • Production delays and inefficiencies during facility ramp-up before achieving economies of scale(p.372)
- • Risk of interruptions from natural disasters or unforeseen events(p.372)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| NextWave Communications Private Limited | Promoter (Corporate) | 76.55% | — |
| Anant Nahata | Promoter (Individual) | — | — |
| NextWave Communications Private Limited | Corporate Promoter | 76.55% | — |
| Anant Nahata | Individual Promoter | — | — |
| NextWave Communications Private Limited | Corporate Promoter | 76.55% | — |
| Anant Nahata | Individual Promoter | — | — |
| NextWave Communications Private Limited | Promoter Group | — | — |
| Anant Nahata | Promoter | — | — |
| NextWave Communications Private Limited | Corporate Promoter | 76.55% | — |
| Anant Nahata | Individual Promoter and Managing Director and Chief Executive Officer | — | — |
| Anant Nahata | Promoter/Managing Director & CEO | — | — |
| NextWave Communications Private Limited | Holding Company | — | — |
| NextWave Communications Private Limited | Promoter Selling Shareholder | — | — |
| Promoter Selling Shareholder | Promoter Selling Shareholder | — | — |
| NextWave Communications Private Limited | Promoter Selling Shareholder | — | — |
Leadership
Anant Nahata · Managing Director and Chief Executive Officer
Shiraz Khanna · Chief Financial Officer
Sangeeta Karnatak · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Exicom Tele-Systems IPO FAQs
What is the lot size of Exicom Tele-Systems IPO?
The minimum lot size of Exicom Tele-Systems IPO is 100 shares. One lot costs ₹14,200 at the cut-off price.
When does Exicom Tele-Systems IPO open and close?
Exicom Tele-Systems IPO opened for subscription on 27 Feb 2024 and closed on 29 Feb 2024.
What is the listing date of Exicom Tele-Systems IPO?
Exicom Tele-Systems IPO listed on 05 Mar 2024.