Exicom Tele-Systems IPO opens on Tuesday: 10 things to know before subscribing to the issue
Exicom Tele-Systems will open for subscription on Tuesday. The issue closes on February 29. Through the public offer, the company plans to raise around Rs 429 crore. Here are 10 things to know about Exicom Tele-Systems IPO before subscribing to the issue.
1) What is the business overview of Exicom Tele-Systems?
Exicom Tele Systems is a power management solutions provider, operating under two business verticals. Under the critical power solutions business, it designs, manufactures and services DC Power Systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments.
2) What is the industry overview of Exicom Tele-Systems?
The market size for telecommunication DC power systems (including hybrid systems) in India is estimated at Rs 1500 crore for FY23, with upgradation and replacement demand expected to drive the industry. The energy storage solutions market for telecommunications is valued at Rs 1950 crore in the same year.
3) What is the size of Exicom Tele-Systems IPO?
The IPO is a combination of fresh equity issue worth Rs 329 crore and an offer for sale of 70.42 lakh shares.
4) What is the price band for Exicom Tele-Systems IPO?
Exicom Tele Systems has fixed a price band of Rs 135-142 per share for its maiden public offer. At the upper end, the company plans to raise Rs 429 crore.
5) What is the structure of Exicom Tele-Systems IPO?
About 75% of the offer is reserved for qualified institutional buyers, 15% for
