Exicom Tele-Systems IPO GMP Price, Allotment Date, Price Range, Review Details

News: Exicom Tele-Systems, a leading power management solutions provider, is all set to make its debut in the stock market. Here’s a detailed overview of the Initial Public Offering (IPO) including the Grey Market Premium (GMP) price, allotment date, price range, and review details.

About Exicom Tele-Systems

Exicom Tele-Systems is an India-based company that operates under two business verticals: critical power solutions and electric vehicle supply equipment. The company has made significant strides in the power management solutions sector and is recognized for its innovative technology and commitment to sustainability.

Founded in 1994, Exicom Tele-Systems is an India-based company that operates under two business verticals: critical power solutions and electric vehicle supply equipment. The company has deployed more than 70,000 AC and DC chargers across India and Southeast Asia. Exicom is recognized for its innovative technology and commitment to sustainability.

Business Verticals

1. Critical Power Solutions: Exicom 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.

2. Electric Vehicle Supply Equipment (EVSE): Exicom develops industry-leading EV charging solutions for homes, workplaces, and public spaces.

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IPO Details

The Exicom Tele-Systems IPO is a book-built issue of Rs 429.00 crores. The issue comprises a fresh issue of 2.32 crore shares aggregating to Rs 329.00 crores and an offer for sale of 0.7 crore shares aggregating to Rs 100.00 crores.

Price Range and Allotment Date

The price band for the IPO is set at Rs 135 to Rs 142 per share. The allotment for the Exicom Tele-Systems IPO is expected to be finalized on March 1, 2024.

Grey Market Premium (GMP) Price

The Grey Market Premium (GMP) for the IPO is Rs 130, indicating a possible listing price of Rs 272 when considering the price range and GMP.

The Exicom Tele-Systems IPO presents an exciting opportunity for investors. With its strong presence in the power management solutions sector and promising financials, it’s an IPO to watch out for.

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Frequently Asked Questions

1. What is the price range for the Exicom Tele-Systems IPO?

The price band for the IPO is set at Rs 135 to Rs 142 per share.

2. When is the allotment date for the Exicom Tele-Systems IPO?

The allotment for the Exicom Tele-Systems IPO is expected to be finalized on March 1, 2024.

3. What is the Grey Market Premium (GMP) price for the Exicom Tele-Systems IPO?

The Grey Market Premium (GMP) for the IPO is Rs 130.

4. What is the expected return from the Exicom Tele-Systems IPO?

The expected return from the Exicom Tele-Systems IPO is 67%.