Exicom Tele-Systems IPO witnessed overwhelming demand. The ₹429 crore IPO was fully subscribed within hours of its opening on February 27. The Exicom Tele-Systems IPO allotment status is set to be finalised today, March 1.
If you applied for the IPO, here is how you can check the Exicom IPO allotment status.
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Checking IPO Allotment Status on Registrar’s Website:
Follow these steps to check the Exicom IPO allotment statusVisit the registrar’s website.Click on “Company Selection” and choose “Exicom Tele-Systems” from the dropdown menu.Then you can enter your PAN, application number, or Demat.Enter the captcha and click Submit to retrieve the Exicom IPO allotment status
Checking IPO Allotment Status on BSE:
Go to the BSE website.Click on the ‘Equity’ section and select “Exicom Tele-Systems” from the dropdown menu.Enter your application number or PAN.Click on the ‘Search’ button.The result will show the number of shares allotted to you.
If all the details are entered correctly and the allotment has been finalised, the Exicom IPO allotment status will be visible.
Exicom IPO Subscription Status
On the final day of bidding, February 29, the Exicom Tele-Systems IPO garnered exceptional demand, subscribing 129.54 times overall. High net worth individuals (HNIs) led the subscription, subscribing 153.22 times the allotted quota. Retail investors also demonstrated significant interest, subscribing 119.58 times, while qualified institutional buyers (QIBs) bid 121.80 times of the allotted quota.
The Exicom IPO allocation breakdown comprises 75% for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% for retail investors.
Exicom IPO GMP
Exicom Tele-Systems IPO GMP is currently reported at around ₹151. Taking the upper price band of ₹142 into consideration, shares of the company could list at ₹293, around 106% premium. It’s important to note that while IPO GMPs can offer insights into market sentiment regarding an IPO, they shouldn’t taken as the sole determinant of the stock’s performance upon listing.
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Exicom IPO Details
Exicom Tele-Systems IPO is a book-built issue comprising a fresh issue of 2.32 crore shares, raising ₹329 crore, along with an offer for sale of 0.7 crore shares, amounting to ₹100 crores.
The price band for the Exicom IPO is set at ₹135 to ₹142 per share, with a minimum lot size of 100 shares, requiring retail investors to invest a minimum of ₹14,200 to participate.
Proceeds from the IPO will be utilized for various purposes, including setting up assembly lines in Telangana, enhancing working capital, investing in research and development, and debt repayment.
Prior to the IPO, Exicom Tele-Systems secured ₹178 crore from anchor investors, featuring notable names like Maybank Asiapac Ex-Japan Equity I Fund, Nepean Long Term Opportunities Fund, and SBI General Insurance Company, among others.
Exicom Tele-Systems – Company Details
Exicom Tele-Systems operates in the power management solutions sector, with a primary focus on two business verticals: EV chargers and critical power solutions. In the EV chargers segment, the company specializes in smart charging systems catering to diverse applications. Meanwhile, in the critical power solutions segment, Exicom designs, manufactures, and services digital infrastructure technology for telecommunications and enterprise environments, serving both domestic and international markets.
