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At the upper price band, the post issue implied market cap is around Rs 1,716 crore. Investors can make bids for 100 shares in one lot and in multiples thereafter.
About 75% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 10% for retail investors.
The IPO is a combination of fresh equity issue worth Rs 329 crore and an offer for sale of 70.42 lakh shares.
Exicom Tele Systems is a power management solutions provider, operating under two business verticals. Under the critical power solutions business, it designs, manufactures and services DC Power Systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments.
In this segment, the company occupies a share of 16% in the DC Power Systems market and 10% in the Li-ion based energy solutions.
Juniper Hotels IPO subscribed 16% so far on Day 2. Check GMP and other details
The electric vehicle supply equipment (EV Chargers) solutions business provides smart charging systems with innovative technology for residential, business, and public charging use in India
The company is amongst the first entrants in the EV chargers manufacturing segment in India and as of March 2023, it had a market share of 60% and 25% in the residential and public charging segments, respectively.
For the six months ended September 2023, about 70% of the total revenue was derived from the critical power business and 29% from EV charger business.
Net proceeds from the IPO are proposed to be used for setting up of production lines at the planned manufacturing facility in Telangana, repayment of debt, investment in research and development and general corporate purposes.
In the first half of FY24, revenue from operations more than doubled to Rs 455 crore and net profit of Rs 27.4 crore as against a loss a year ago.
Monarch Networth Capital, Unistone and Systematix Corporate are acting as the book running lead managers to the issue.
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