Exicom Tele Systems IPO opens today: GMP, review, subscription status, other details. Buy or not?
Exicom Tele Systems IPO: The initial public offering (IPO) of Exicom Tele-Systems Limited has hit the Indian primary market today. The public issue will remain open till 29th February 2024. This means the initial issue will remain open from Tuesday to Thursday this week.
The EV charging solution company has fixed the Exicom Tele Systems IPO price band at ₹135 to ₹142 per equity share. The book build issue is proposed for listing on BSE and NSE. The company aims to raise ₹429 crore from this public offer out of which ₹329 crore is aimed through the issuance of fresh shares.
Before the issue opening, Exicom Tele-Systems IPO raises ₹178.05 crore from anchor investors. Meanwhile, ahead of the Exicom Tele Systems IPO subscription opening, the grey market has gone highly bullish on the book build issue. According to the stock market observers, shares of the EV charging solution company are available at a premium of ₹129 in the grey market today.
A close review of the balance sheet of Exicom Tele-Systems Limited informs that in FY23, the company's revenue decreased by around 14.80 percent YoY despite the rise in PAT (Profit After Tax) by over 24 percent. By 10:06 AM on day one of bidding, Exicom Tele Systems IPO got subscribed 0.08 times whereas its retail portion was booked 0.16 times. The NII portion of the book build issue was subscribed 0.20 times.
1] Exicom Tele Systems IPO GMP: Shares of the EV charging company are available at a premium of ₹129 in the grey market today, say market observers. 2] Exicom Tele Systems IPO date: The book build issue has opened today and will end on 29th February 2024. 3] Exicom Tele Systems IPO price: The EV Charging company has fixed price band of the public issue at ₹135 to ₹142 per equity
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