Exicom Tele Systems IPO listing date today. GMP, experts see up to 110% return for share allottees

livemint.com:

Exicom Tele Systems IPO: The listing date of the initial public offerings (IPO) of Exicom Tele-Systems Limited has been fixed on 5th March 2024 i.e. today. As per the information available on the BSE website, Exicom Tele Systems share price will be listed on BSE and NSE in a special pre-open session during Tuesday dealings.

This means Exicom Tele Systems share price will become available for trade from 10:00 AM on Tuesday. "Trading Members of the Exchange are hereby informed that effective from Tuesday, March 5, 2024, the equity shares of EXICOM TELE-SYSTEMS LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," the BSE notice says. Also Read: Platinum Industries IPO listing date today.

GMP, experts see up to 50% return According to stock market experts, Exicom Tele Systems IPO received a strong response from the primary market investors and the secondary market mood is also positive. They said that the FY24 earnings forecast indicates ample growth potential backed by long-term expansion plans. They predicted multibagger return for the lucky allottees and said that Exicom Tele Systems IPO listing price could be in the range of ₹282 to ₹299 per share range.

Speaking on Exicom Tele Systems IPO listing, VLA Ambala, a SEBI Registered Research Analyst and Founder of Stock Market Today said, "Exicom Tele-Systems commands a 60% market share in EV charging. The company faced a setback in FY23 while divesting its battery business, but its FY24 earnings forecast indicates ample growth potential backed by long-term expansion plans. Its IPO, valued at ₹429 crores, is likely to be listed tentatively on March 5, 2024, with a relatively small retail quota.