Exicom Tele-Systems IPO: From price band to GMP - here are 10 things to know before subscribing to issue
Exicom Tele Systems IPO opens soon. GMP, date, price, review, other details about upcoming IPO Exicom Tele-Systems Limited's revenue decreased by 14.79 percent and profit after tax (PAT) rose by 24.07 percent in FY23. The market capitalization of Exicom Tele-Systems IPO is ₹1715.71 crore.
The company proposes to utilize the net proceeds towards funding - part-financing the cost towards setting up production/assembly lines at the planned manufacturing facility in Telangana, repayment/pre-payment, in part or full, of certain borrowings of the company, part-funding incremental working capital requirements, investment in R&D and product development and general corporate purposes. Also read: Exicom IPO: Issue to open on February 27, price band set at ₹135 to ₹142 per share 1] Exicom Tele-Systems IPO date: The book build issue will open on 27th February 2024 and will end on 29th February 2024. 2] Exicom Tele-Systems IPO price band: The EV Charging company has a fixed price band of the public issue at ₹135 to ₹142 per equity share.
3] Exicom Tele-Systems IPO size: The company's objective is to raise ₹429 crore from its initial offer, with ₹329 crore targeted through the issuance of fresh shares. The remaining ₹100 crore is allocated for Offer for Sale (OFS). 4] Exicom Tele-Systems IPO reservation: Not less than 75 percent of the issue is reserved for QIB, not more than 10 percent for retail investors and not more than 15 percent for NII.
5] Exicom Tele-Systems IPO lot size: Investors can bid for a minimum of 100 shares and in multiples thereof. The minimum amount of investment required by retail investors is ₹14,200. 6] Exicom Tele-Systems IPO promoters: The corporate promoter of the company is NextWave Communications Private
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