Exicom Tele-Systems Limited IPO
Exicom Tele-Systems Limited IPO
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Exicom Tele-Systems Limited's successfully completed its Initial Public Offering and commenced trading on 05-03-2024 at the NSE, BSE exchange. The company raised 3,02,11,214 Shares through this public offering, comprising 2,31,69,114 Shares in fresh capital and ₹100.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹135 to ₹142, with minimum application lots of 100 shares. The offering attracted significant investor interest during its subscription period from 27-02-2024 to 29-02-2024.
Share allotment was finalized on 02-03-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Exicom Tele-Systems IPO About Company
Established in 1994, Exicom Tele-Systems Limited is a leading provider of power systems and electric vehicle (EV) charging solutions, specializing in two key segments: **Power Systems**—ensuring reliable power for digital communication networks, and **EV Charging Solutions**—where it has deployed over 6,000 AC and DC chargers across India and Southeast Asia. As an early player in India's EV charger manufacturing sector, Exicom offers residential AC chargers and commercial DC fast chargers, catering to automotive OEMs, charge point operators (CPOs), and fleet aggregators. The company maintains an ISO-certified manufacturing facility, adhering to environmental, safety, and quality standards. Exicom’s revenue grew significantly from ₹512.9 crores in FY'21 to ₹707.93 crores in FY'23, demonstrating strong financial performance. By March 2023, the company had installed over 35,000 chargers across 400 locations in India. As of September 2023, Exicom employs 1,124 professionals in India, including 705 technically qualified staff, with an additional 43 employees working at subsidiaries, reinforcing its commitment to technological excellence and operational efficiency.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Exicom Tele-Systems IPO Strength Factors
- Early-Mover Advantage: Establishing itself early in a high-barrier industry provides a competitive edge and strengthens market positioning.
- Domain Expertise & Diversified Portfolio: A strong track record and broad product range enhance adaptability to market needs.
- Vertical Integration: Control over manufacturing, supply chain, and R&D ensures efficiency, quality, and cost management.
- Product Development & Engineering Focus: Continuous innovation helps the company remain competitive and responsive to industry trends.
- Established Customer Relationships: Trusted by OEMs, charge point operators, and fleet aggregators, reinforcing business stability.
- Experienced Leadership: A strong management team ensures strategic growth and operational excellence.
Exicom Tele-Systems IPO Risk Factors
- Market Dependency: Heavy reliance on EV market growth means any slowdown in adoption could impact revenue. Diversifying applications or exploring adjacent markets could mitigate this risk.
- Technological Evolution: Staying ahead in a rapidly evolving industry is critical. Continuous R&D investment and strategic partnerships could help maintain competitiveness.
- Quality Assurance: Maintaining high product standards is crucial for brand reputation. Implementing rigorous quality control and compliance measures can prevent reputational damage.
- Regulatory Challenges: Legal issues involving the Promoter Group could affect investor confidence. Transparency, compliance, and proactive communication with stakeholders are essential.
Exicom Tele-Systems IPO Lead Manager(s)
- Monarch Networth Capital Limited
- Systematix Corporate Services Limited
Exicom Tele-Systems IPO Promoter(s)
- NextWave Communications Private Limited
- Anant Nahata
Exicom Tele-Systems IPO FAQs
Exicom Tele-Systems Limited IPO subscribed 133.56 times. The public issue subscribed 124.26 times in the retail category,124.82times in QIB, and 163.96 times in the HNI (10+) category byNovember 20, 2025 6:53:52 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Exicom Tele-Systems IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Exicom Tele-Systems IPO FAQs
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