Exicom Tele Systems IPO fully subscribed within hours of opening; retail portion booked 5.8x; check GMP, other details
₹429 crore from this public offer. Let us check Exicom Tele Systems IPO subscription status, GMP and other key details: Exicom Tele Systems IPO has been subscribed 1.75 times in total so far on Tuesday, the first day of the bidding process. The public issue received bids for 3.18 crore equity shares as against 1.82 crore shares on the offer, as per data available on NSE till 11:25 am.
The IPO has been subscribed 5.84 times in the retail category, and 2.87 times in the Non-Institutional Investors’ (NII) category so far. The Qualified Institutional Buyers (QIB) are yet to bid for the offer. Read here: Exicom Tele Systems IPO fully subscribed: GMP, review, subscription status, other details. Buy or not? Exicom Tele Systems IPO is commanding a hefty premium in the grey market on Tuesday.
The Exicom Tele Systems IPO GMP today, or grey market premium today, is ₹170 per share. This indicates that the equity shares of Exicom Tele Systems are trading at a premium of 119.72% at ₹312 apiece in the grey market as against the issue price of ₹142. Exicom IPO opened for subscription on February 27 and will close on February 29.
The IPO price band has been fixed at ₹135 to ₹142 per share. Investors can bid for a minimum of 100 equity shares and its multiples thereafter. The ₹429 crore worth Exicom Tele-Systems 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: Plati
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