Exicom Tele Systems IPO: Issue subscribed 61 times so far on last day; retail portion booked 96x; check GMP, key details
BSE and NSE. Let us check Exicom Tele-Systems IPO subscription status, GMP and other key details: Exicom Tele-Systems IPO has been subscribed 61.35 times in total so far on Thursday, the third and the last day of the bidding process. The public issue received bids for 111.79 crore equity shares as against 1.82 crore shares on the offer, as per data available on NSE till 2:05 pm.
The IPO has been subscribed 95.93 times in the retail category and 117.65 times in the Non-Institutional Investors’ (NII) category so far. The Qualified Institutional Buyers’ (QIB) portion is booked 25.29 times. Also Read: Exicom Tele Systems IPO day 3: GMP, subscription status, review, other details. Apply or not as bidding ends today? Exicom Tele-Systems IPO is commanding a hefty premium in the grey market.
The Exicom Tele-Systems IPO GMP today, or grey market premium today, is ₹142 per share. This indicates that the equity shares of Exicom Tele Systems are trading at a premium of 116.2% at ₹307 apiece in the grey market as against the issue price of ₹142. Exicom Tele-Systems IPO opened for public subscription on February 27 and will conclude today, February 29.
The IPO price band is ₹135 to ₹142 per share and the 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, the company raised ₹178.05 crore from anchor investors.
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