Exicom Tele Systems Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Exicom Tele-Sys.

CMP

319.05

+3.10 (0.98%)

  • DRHP
₹142

Offer Price

₹ 429.00 Cr

Issue Size

₹ 14,200

Min Investment

129.54x

Times Subscribed

100

Lot size

Time Line

  • 27
    Feb 2024
    Open
  • 29
    Feb 2024
    Close
  • 01
    Mar 2024
    Finalisation of Basis of Allotment
  • 04
    Mar 2024
    Initiation of Refunds
  • 04
    Mar 2024
    Transfer of Shares to Demat Account
  • 05
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Capitalize on EVSE industry tailwinds, including through proposed expansion.

  • Continue to invest in our capabilities of product innovation, engineering and design with focus on indigenisation.

  • Increase penetration in existing markets, and expand into new overseas markets.

  • Expand its product portfolio to increase sales to existing customers and cater to new customer industries and use-cases.

  • Invest in digital transformation of its business operations to improve operational efficiencies and customer experience.

Products & Services

  • Exicom Tele-Systems Limited is an India headquartered power management solutions provider.

Strengths

  • Established player in the Indian EV Charger market, with an early-mover-and-learner advantage in a fastgrowing industry characterized by high entry barriers.

  • Domain experience and know-how and diversified product portfolio with a track record of demonstrated outcomes in critical cases.

  • Vertically integrated operations, backed by manufacturing capabilities, robust supply chain, significant research and development activities and sales and marketing initiatives.

  • Significant product development and focussed engineering capabilities.

  • Track record of long-standing relationships with an established customer base.

Risks

  • Its electric vehicle supply equipment business ("EV Charger Business") is correlated with and thus dependent upon the continuing rapid adoption of, and demand for electric vehicles ("EVs")

  • The company is dependent on the five most significant customers under its critical power solutions business ("Critical Power Business"), who contributed over 50% of its revenue from operations in each of the last three Financial Years. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.

  • The company is dependent on global suppliers for the supply of raw materials and key inputs and may not be able to reduce its dependency on such imports. If critical components or raw materials become scarce or unavailable, then its may incur delays in manufacturing and delivery of its products and in completing its development programs, which could damage the company business.

  • Its operations are dependent on the company continued research and development initiatives, and its inability to identify and understand, or keep up with evolving industry trends, technological advancements, customer preferences and develop new products to meet its customers` demands may adversely affect its business.

  • The disruption, shutdown or breakdown of operations at its manufacturing facilities may have a material adverse effect on its business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
76.55%
Pre Holding

76.55%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 842.81 (64.30%) 707.93 (-16.00%) 13.38 (-)
Gross Profit 842.81 (64.30%) 707.93 (-16.00%) 13.38 (-)
Net Income 842.81 (64.30%) 707.93 (-16.00%) 13.38 (-)
Assets 842.81 (64.30%) 707.93 (-16.00%) 13.38 (-)
Liabilities 842.81 (64.30%) 707.93 (-16.00%) 13.38 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Exicom Tele-Systems Ltd 707.93 6.37 374.09 155.35 13.38 8.81 302.55 1.79 0.36
Servotech Power Systems Ltd 278.48 11.06 166.74 166.74 13.46 1.11 7.73 6.63 0.51
HBL Power Systems Ltd 1,368.68 98.65 1,294.18 1,294.18 10.36 3.51 34.32 7.62 0.08

Book Running Managers

  • Monarch Networth Capital Ltd
  • Unistone Capital Pvt Ltd
  • Systematix Corporate Services Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

8 Elecronics Complex,
Chambaghat,
Solan - 173213
Phone : 91-179-2230 948 Email : investors@exicom.in www.exicom.in

Offer Related Information

Initial public offering of 30,211,200^ equity shares of face value of Rs. 10 each ("Equity Shares") of Exicom Tele-Systems Limited ("Company" or the "Issuer") for cash at a price of Rs. 142 per equity share (including a share premium of Rs. 132 per equity share) (the "Offer Price") aggregating to Rs. 429.00^ crores, comprising a fresh issue of 23,169,000^ equity shares aggregating to Rs. 329.00 crores ("Fresh Issue") and an offer for sale of 7,042,200 equity shares aggregating to Rs. 100.00^... More

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