Gain comprehensive knowledge about the Exicom Tele Systems IPO

The Exicom Tele Systems IPO is a public offering of shares in the telecommunications company Exicom Tele Systems Limited.

The Exicom Tele Systems IPO is priced in the range of Rs 135 to Rs 142 per share, aiming to raise a total of Rs 429 crore. This will be achieved through a mix of fresh share issuance amounting to Rs 329 crore and an offer for sale worth Rs 100 crore

Exicom Tele Systems Limited, a company specializing in EV charging solutions, has recently entered the stock market with its initial public offering (IPO) on Dalal Street. This significant event took place on Tuesday, February 27, 2024. Investors have the opportunity to participate in the public issue until February 29, 2024, providing them with a three-day window to make their investments. The price range for each equity share of Exicom Tele Systems IPO has been set at Rs 135 to Rs 142.

The initial public offering is structured as a book built issue, with the objective of raising Rs 429 crore. Of this amount, Rs 329 crore will be generated through the issuance of new shares, while Rs 100 crore will come from the offer for sale.

The initial public offering (IPO) is anticipated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date set for March 5, 2024.

Potential investors who wish to participate should take note that the minimum lot size for an application is 100 shares, requiring a minimum investment of Rs 14,200. However, it is important to consider that the minimum investment may vary for specific investor categories. For non-institutional investors (NII), the minimum investment is 15 lots (1,500 shares), which amounts to Rs 213,000. On the other hand, for bulk non-institutional investors (bNII), the minimum investment is 71 lots (7,100 shares), totaling Rs 1,008,200.

The Exicom Tele Systems IPO is a public offering of shares in the telecommunications company Exicom Tele Systems Limited. By gaining comprehensive knowledge about this IPO, investors can understand the company’s business model, financial performance, growth prospects, and potential risks. This information can help investors make informed decisions about whether to invest in the IPO and how much to invest. Additionally, understanding the Exicom Tele Systems IPO can provide insights into the broader telecommunications industry and market trends. By conducting thorough research and analysis, investors can assess the potential returns and risks associated with investing in the Exicom Tele Systems IPO.