Exicom Tele-Systems IPO: From financials to peer group, 10 must-know points from RHP

livemint.com:

₹429 crore initial public offering (IPO) of Exicom Tele-Systems was opened for subscription on Tuesday, February 27 and remains open till Thursday, February 29. The IPO received a stellar response as it was subscribed 10.02 times on the first day of issue after being fully subscribed within hours of opening, led by solid demand from retail investors. The IPO comprises a fresh issue of equity shares totaling up to ₹329 crore and an Offer for Sale (OFS) component of up to 70.42 lakh equity shares by promoter NextWave Communications.

Ahead of the issue opening, Exicom Tele-Systems has raised ₹178.05 crore from anchor investors. The company has also undertaken a pre-IPO placement of 52.59 lakh equity shares at an issue price of ₹135 per share, aggregating to ₹71 crore. Also Read: Exicom IPO Day 2: Check latest GMP, subscription status, more.

Apply or not? The minimum amount of investment required by retail investors is ₹14,200. The company has reserved not less than 75% of the issue for qualified institutional buyers (QIB), not more than 10% for retail investors, and not more than 15% for non-institutional investors (NII). Founded in 1994, Exicom Tele-Systems is an Indian-based provider of power management solutions.

The company operates across two primary business segments: Critical Power Solutions Business: Under this vertical, Exicom designs, manufactures, and services DC Power Systems and Li-ion-based energy storage solutions. These offerings are aimed at providing comprehensive energy management solutions for telecommunication sites and enterprise environments both within India and internationally. Also Read: Sadhav IPO allotment to be out soon; here's how to check allotment status EV Charger Business: Exicom's EV