EXICOM TELE-SYSTEMS LIMITED IPO
Exicom Tele-Systems Limited Company Profile : Established in 1994, Exicom Tele-Systems Limited is a power management solutions provider based in India. The company operates in two business verticals.
- First Business vertical : critical power solutions business, Exicom designs, manufactures, and services DC Power Systems and Li-ion based energy storage solutions. This segment aims to enhance overall energy management at telecommunications sites and enterprise environments both in India and internationally, known as the “Critical Power Business.”
- Second Business vertical : electric vehicle supply equipment (EV Charger(s)) solutions business, Exicom provides smart charging systems with innovative technology for residential, business, and public charging purposes in India, referred to as the “EV Charger Business.” Commercial sales for the EV Charger Business began in the Financial Year ending March 31, 2019.
Exicom Tele-Systems Limited emerged as one of the early players in the EV Chargers manufacturing sector in India. As of March 31, 2023, they commanded a significant market presence with a 60% share in the residential segment and a 25% share in the public charging segment . Additionally, in the Critical Power Business, Exicom Tele-Systems Limited holds a 16% market share in the DC Power Systems market. Moreover, they are esteemed for their Li-ion Batteries tailored for telecommunications applications, holding approximately a 10% market share as of March 31, 2023 .
IPO information:
- Issue date: 27-Feb-2024 to 29-Feb-2024
- Price range: Rs. 135 to Rs. 142
- Issue size: ₹ 429 Crores
- Face value: Rs.10
- Bid lot (retail): 1 Lot – ₹ 14,200
- Fresh issue: ₹ 329 Crores
- OFS: ₹ 100 Crores
- Allotment date: 01-March-2024
- Listing date: 05-March-2024
- Promoter holding: 93.28 % ( Pre-Issue )
- Name of registrar:Link Intime India Private Limited
- IPO reservation: QIB – 75% | NII – 15% | Retail – 10%
GMP ( EXPECTED ) : ₹ 125 ( Expected listing returns of +88% )
Financial information :
Exicom Tele-Systems Limited Consolidated Statement of Profit and Loss :
| All amounts are in Rs. Millions except EPS | For the year ended March 31, 2023 | For the year ended March 31, 2022 | For the year ended March 31, 2021 |
|---|---|---|---|
| Total Income | 7,233.99 | 8,489.57 | 5,243.64 |
| Total Expenses | 6,909.58 | 8,091.88 | 5,115.36 |
| Profit before tax from continuing operations | 324.41 | 397.69 | 128.28 |
| Profit for the period | 310.31 | 303.95 | 126.76 |
| Total Comprehensive Income | 104.27 | 81.30 | 38.71 |
| Earnings per equity share | 0.69 | 0.56 | 0.38 |
Financial and Operational Performance Indicators :
For the six months ended September 30, 2023
- Gross profit margin (%) – 25.06%
- EBITDA Margin (%) – 9.11%
- Profit after tax margin (%) – 6.04%
- RoE (%) – 8.82%
- RoCE (%) – 9.17%
Objects of issue :
- Assisting with funding for establishing production or assembly lines at the upcoming manufacturing facility in Telangana
- Making partial or full repayments, either on schedule or before, for specific borrowings of the company
- Providing financial support to cover additional working capital needs
- Allocating resources towards research and development as well as the enhancement of product development
- General corporate purposes