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  • Writer's pictureJatin Agarwal

Exicom Tele-Systems IPO

Exicom Tele-Systems IPO: A Detailed Analysis


Exicom Tele-Systems logo

Company Overview: Exicom Tele-Systems, founded in 1994, is a prominent player in the electric vehicle (EV) charger manufacturing sector and power management solutions, catering to a broad spectrum of needs with its two main business verticals. The company has taken a pioneering role in the EV charging space and offers a wide range of solutions, including both slow (AC) and fast (DC) charging options for residential, commercial, and public use. Exicom has a significant presence in India, with over 61,000 EV chargers installed across 400 locations and serving more than 70 customers​.

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Company Financials: Despite a decline in revenue by 14.79% in the fiscal year ending March 31, 2023, compared to the previous year, Exicom Tele-Systems has seen a notable increase in its profit after tax (PAT) by 24.07%. The company’s strong financial health is further demonstrated through its assets, net worth, and a significant rise in profits in the half-yearly financials reported on September 30, 2023​.


Company SWOT Analysis:

  • Strengths: Leadership in EV charging solutions, extensive product range, strong technical workforce, and broad customer base.

  • Weaknesses: Recent revenue decline and dependence on the evolving EV market.

  • Opportunities: Expansion in the rapidly growing EV market, diversification into new energy solutions, and international market penetration.

  • Threats: Regulatory changes, intense competition, and technological advancements.


IPO Overview: The Exicom Tele-Systems IPO seeks to raise ₹429 crores, comprising a fresh issue of ₹329 crores and an offer for sale (OFS) of ₹100 crores by its promoter NextWave Communications​.

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IPO Details:

  • IPO Date: February 27, 2024, to February 29, 2024

  • Listing Date: March 5, 2024

  • Price Band: ₹135 to ₹142 per share

  • Lot Size: Minimum 100 shares

  • Objectives of the Issue: Funding production lines at a new facility in Telangana, repayment of borrowings, working capital requirements, investment in R&D, and general corporate purposes​.

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IPO GMP:

Exicom Tele-Systems IPO GMP is around 90-100%. Must apply for Listing Gains.


Conclusion: Exicom Tele-Systems' IPO presents an investment opportunity in a company at the forefront of the EV charging industry and power management solutions. The company's established market presence, extensive product portfolio, and strategic plans for expansion and debt reduction indicate a potential for growth. However, investors should consider the risks associated with the evolving EV market and the company's recent financial performance.


Disclaimer: All information is provided for educational and informational purposes only. Data is fetched from publicly available sources such as the DRHP filed by the company and other reliable sources. The website or the author takes no guarantee for the accuracy of the data; however, we have tried our best to present accurate data to our readers. Please consult a financial advisor or do your own analysis before investing/trading in the stock market.

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