Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Exicom Tele-Systems IPO
Price Band
₹135.0–142.0
Issue Size
₹429.0 Cr
Lot Size
100 shares
Min Investment
₹14,200
GMP
+₹160.0 (112.68%)
Issue Price
₹142.0
Subject to Sauda
₹12200
Paid only if allotted
Exicom Tele-Systems IPO AI Summary
- Exicom Tele-Systems IPO is listed on BSE, NSE in the Heavy Electrical Equipment sector.
- Price band: ₹135.0–₹142.0 per share, lot size 100 shares (min. investment ₹14,200).
- Subscription window: 27 Feb–29 Feb 2024, listing on 05 Mar 2024.
- Current GMP is +₹160.0 (112.68%), an estimated listing price of ₹302 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Exicom Tele-Systems IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Feb 2024 — not a current signal.
5 of 5 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Exicom Tele-Systems IPO Grey Market Premium (GMP) Today
GMP
+₹160.0
GMP %
+112.68%
Est. Listing
₹302.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business verticals. Power Systems: Exicom provides uninterrupted power solutions for digital communication networks. EV Charging Solutions: Exicom has deployed over 61000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions. As of March 31, 2023, the company is among the first to enter India's EV charger manufacturing segment. The company operates in the EV Charger business, which offers both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways). The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators. By September 30, 2023, the company had installed more than 61,000 EV chargers across 400 locations in India. As of September 30, 2023, the company has deployed 470,810 Li-ion Batteries for application in the telecommunications sector, equivalent to a storage capacity of over 2.10 GWH. The company's manufacturing facility complies with ISO 14001:2015, ISO 45001:2018, and ISO 9001:2015. As of September 2023, the company has supplied its EV Chargers to over 70 customers, including 15 automotive OEMs, 32 national and regional CPOs and four fleet aggregators. As of September 30, 2023, the company employs 1,190 employees in India, of which 443 are contractual, 732 employees are technically qualified - 438 with diplomas and 294 with engineering degrees. The company also has 50 employees at its subsidiaries.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 629.41 | 705.09 | 602.99 | 678.46 |
| Total Income | 467.21 | 723.40 | 848.96 | 524.36 |
| Profit After Tax | 27.46 | 6.37 | 5.14 | 3.45 |
| NET Worth | 311.40 | 232.00 | 221.57 | 213.44 |
| Reserves and Surplus | 204.95 | 213.61 | 207.39 | 201.55 |
| Total Borrowing | 72.84 | 117.92 | 107.67 | 101.76 |
Key Ratios
EPS
₹0.65
NAV
₹25.24
ROE
13.38%
ROCE
10.92%
RoNW
2.75%
P/B Value
5.63
P/E Ratio
217.63
Market Cap
₹1715.71 Cr
PAT Margin
4.30%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Hbl Power Systems Ltd. | 34.32 | 10.35% | 139.3 | 3.51 | 3.51 |
| Servotech Power Systems Limited | 3.86 | 13.47% | 155.96 | 0.52 | 0.56 |
| Exicom Tele-Systems Limited This IPO | 25.24 | 2.75% | — | 3.38 | 3.38 |
Promoters
NextWave Communications Pvt.Ltd. and Anant Nahata
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana 145.77 2 Repayment/pre-payment, in part or full, of certain borrowings of our Company 50.30 3 Part-funding incremental working capital requirements 69.00 4 Investment in R&D and product development 40.00 5 General corporate purposes Total 305.07
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹848.96 Cr in the year ended March 31, 2022, declining to ₹723.40 Cr by March 31, 2023, and further decreasing to ₹467.21 Cr by September 30, 2023. This recent figure is a 9-month total, not a full year, so isn't directly comparable to the previous full fiscal years.
Profit Trend
Profit after tax was ₹5.14 Cr in the year ended March 31, 2022, rising to ₹6.37 Cr by March 31, 2023, and further increasing to ₹27.46 Cr by September 30, 2023. This latest figure is also a 9-month total, not a full year, so isn't directly comparable to the previous full fiscal years.
Valuation
Exicom Tele-Systems Limited has an implied P/E ratio of approximately 217.63 at the issue price, compared to peers trading at P/E ratios of 139.3 to 155.96.
Grey Market Premium, Explained
The grey market premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price based on demand and supply in the grey market. A positive GMP suggests that investors are optimistic about the stock's performance once it lists.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy, considering factors such as market trends and company fundamentals.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to higher volatility and uncertainty.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market conditions and investor sentiment can significantly influence the stock's performance on its debut. It's important to consider these risks and not solely rely on potential listing gains when making investment decisions.
This evaluation is generated from Exicom Tele-Systems's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Exicom Tele-Systems IPO GMP today?
Exicom Tele-Systems IPO GMP today is +₹160.0 (112.68%), indicating an estimated listing price of ₹302. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Exicom Tele-Systems IPO?
The price band of Exicom Tele-Systems IPO is ₹135.0–₹142.0 per share.
When does Exicom Tele-Systems IPO open and close?
Exicom Tele-Systems IPO opens on 27 February 2024 and closes on 29 February 2024.
When does Exicom Tele-Systems IPO list on the stock exchange?
Exicom Tele-Systems IPO listed on 05 March 2024 at ₹302.0.
What is the lot size for Exicom Tele-Systems IPO?
The lot size for Exicom Tele-Systems IPO is 100 shares, requiring a minimum investment of ₹14,200.
What is the price band for the IPO?
The price band for the IPO is ₹135.0 to ₹142.0.
What is the minimum investment required?
The minimum investment required is ₹14,200.
When does the IPO open and close?
The IPO opens on February 27, 2024, and closes on February 29, 2024.
What does GMP mean?
GMP stands for grey market premium, indicating the expected listing price based on unofficial trading before the stock is listed.
When is the listing date?
The listing date is March 5, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Feb 2024
Close
29 Feb 2024
Allotment
01 Mar 2024
Listing
05 Mar 2024
Similar IPOs in Heavy Electrical Equipment
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Exicom Tele-Systems?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.