The buzz surrounding Exicom Tele-Systems IPO has ignited anticipation and excitement among investors as the electric vehicle (EV) charging solution company opens its doors to the public market. With the IPO commencing on February 27 and slated to close on February 29, 2024, investors are eager to seize the opportunity to be part of this transformative venture.
Exicom Tele-Systems has set the price band for its IPO at ₹135 to ₹142 per equity share, with a face value of ₹10 each. The IPO, a book built issue valued at ₹429.00 crore, comprises a fresh issue of 2.32 crore shares amounting to ₹329.00 crore and an offer for sale (OFS) of 0.7 crore shares totaling ₹100.00 crore by promoter NextWave Communications.
For investors eyeing participation, the minimum lot size for an application is set at 100 shares, requiring a minimum investment of ₹14,200 for retail investors. The allocation for the issue is strategically reserved, with 75 per cent earmarked for Qualified Institutional Buyers (QIBs), 10 per cent for retail investors, and 15 per cent for Non-Institutional Investors (NIIs).
The company’s promoters, NextWave Communications Private Limited and Anant Nahata, are at the helm of this transformative journey. Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematix Corporate Services Limited are the appointed book running lead managers, while Link Intime India Private Ltd serves as the registrar for the issue.
Leading up to the IPO launch, Exicom Tele-Systems has garnered significant momentum, securing ₹178.05 crore from anchor investors. Additionally, the company has undertaken a pre-IPO placement of 52.59 lakh equity shares at ₹135 per share, aggregating to ₹71 crore.
Exicom Tele-Systems emerges as a pioneer in the EV charging solutions space, poised to revolutionize the landscape with innovative technologies and sustainable practices. With the global shift towards electric mobility, the demand for reliable and efficient charging infrastructure is at an all-time high, positioning Exicom Tele-Systems at the forefront of this transformative wave.
As investors weigh their options and assess the potential of Exicom Tele-Systems, the IPO represents a unique opportunity to partake in the growth trajectory of a dynamic and forward-thinking company. With a commitment to excellence and a vision for a greener future, Exicom Tele-Systems stands poised to redefine the contours of the EV charging solutions market.
As the IPO journey unfolds, investors are invited to embark on a transformative voyage alongside Exicom Tele-Systems, driving innovation, sustainability, and progress in the realm of electric mobility. With anticipation building and excitement abound, the stage is set for Exicom Tele-Systems to make its mark on the global stage of EV charging solutions.
