Exicom Tele-Systems Gears Up for IPO on February 27th

Exicom Tele-Systems, a company that provides power management solutions, is launching its Initial Public Offering (IPO) on February 27th, 2024.

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The IPO will have a price band of around Rs 140 per share and comprise a fresh issue of shares worth Rs 329 crore and an offer-for-sale of 70.42 lakh shares.

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The company plans to use the proceeds to establish a new manufacturing facility, repay debt, invest in research and development, and meet working capital requirements.

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Exicom is a market leader in the Indian EV charging market, with a 60% market share in the residential segment and a 25% market share in the public segment.

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In FY23, Exicom generated revenue from operations of Rs 707.93 crore. Although revenue decreased in FY23, profit after tax grew by 24% to Rs 6.37 crore.

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The company’s EV charger business has seen significant growth, accounting for 31.67% of revenue in FY23 compared to 8.44% in FY22.

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Exicom’s IPO has attracted significant investor interest due to its position in the rapidly-growing EV market and its established track record.

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The company’s key customers include Reliance BP Mobility, Fortum Charge & Drive India, BluSmart Mobility, and leading automotive OEMs.

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This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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