Exicom Tele-Systems Ltd, a manufacturer of electric vehicle (EV) chargers, is set to launch its Initial Public Offering (IPO) on February 27 and has set the price band for the initial share sale.
Issue Details:
The Exicom Tele-Systems IPO is a book-built issue with a total size of ₹329 crore.
It consists entirely of a fresh issue of 2.32 crore shares.
The subscription for the Exicom Tele-Systems IPO opened on February 27, 2024, and it will close on February 29, 2024.
The allotment for this IPO is expected to be finalized on Monday, March 4, 2024.
The listing date on the BSE and NSE is tentatively set for Wednesday, March 6, 2024.
Price Band:
The price band for the Exicom Tele-Systems IPO is set at ₹135 to ₹142 per share.
The minimum lot size for an application is 150 shares.
Retail investors need a minimum investment of ₹15,000.
Lead Managers and Registrar:
The book-running lead managers for the IPO are Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematix Corporate Services Limited.
The registrar for the issue is Link Intime India Private Ltd.
Reservation:
QIBs: Not less than 75% of the net issue.
Retail: Not more than 10% of the net issue.
NII (HNI): Not more than 15% of the net issue.
About Exicom: Incorporated in 1994, Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and related solutions. Exicom provides uninterrupted power solutions for digital communication networks.
Exicom has deployed over 6,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.
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