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Tuesday is when the Exicom Tele Systems IPO will open for subscriptions: Examine the lot size, pricing range, and other information

<p><strong>Exicom Tele Systems IPO:</strong> On Tuesday, February 27, 2024, the public will be able to subscribe to the Exicom Tele Systems IPO. The manufacturer of EV chargers will end its three-day subscription period on Thursday, February 29, 2024. The price range for the public offering is between Rs 135 and Rs 142 per share.</p>
<p><img decoding=”async” class=”alignnone wp-image-450108″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tuesday-is-when-the-exicom-tele-systems-ipo-will-open-for-subscriptions-examine-th-750×563.jpg” alt=”theindiaprint.com tuesday is when the exicom tele systems ipo will open for subscriptions examine th” width=”998″ height=”749″ title=”Tuesday is when the Exicom Tele Systems IPO will open for subscriptions: Examine the lot size, pricing range, and other information 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tuesday-is-when-the-exicom-tele-systems-ipo-will-open-for-subscriptions-examine-th-750×563.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tuesday-is-when-the-exicom-tele-systems-ipo-will-open-for-subscriptions-examine-th-1024×768.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tuesday-is-when-the-exicom-tele-systems-ipo-will-open-for-subscriptions-examine-th-768×576.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tuesday-is-when-the-exicom-tele-systems-ipo-will-open-for-subscriptions-examine-th-150×113.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-tuesday-is-when-the-exicom-tele-systems-ipo-will-open-for-subscriptions-examine-th.jpg 1200w” sizes=”(max-width: 998px) 100vw, 998px” /></p>
<p>At the high end of the price range, the debut public offering consists of a new issuance of equity shares worth up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares for Rs 100 crore.</p>
<p><strong>The following information regarding the Exicom Tele Systems IPO is crucial.</strong></p>
<p>Dates of Exicom Tele Systems’ allocation and listing in the first public offering<br />
The shares are expected to be deposited to the demat account on Monday, March 4, 2024, with the basis for the allocation of shares set for Friday, March 1, 2024. The Exicom shares</p>
<p><strong>Tele Systems is expected to make its market debut on Tuesday, March 5, 2024.</strong></p>
<p><strong>IPO: Exicom Tele Systems: Lead managers for book-running</strong><br />
The issue’s book-running lead managers are Unistone Capital, Systematix Corporate Services, and Monarch Networth Capital.</p>
<p><strong>Lot size and price range for Exicom Tele Systems’ first public offering</strong><br />
Investors may place bids in multiples of 100 equity shares following the minimum of 100 equity shares. For a retail investor, the minimum amount needed is Rs 14,200.</p>
<p><strong>Exicom Tele Systems: Use of Funds in the IPO</strong><br />
The proceeds of the new issuance will go toward financing product development and R&D, establishing production lines at the Telangana manufacturing plant, and paying off debt for general company reasons and working capital needs.</p>
<p>According to Shiraz Khanna, the business’s chief financial officer, the company would utilize the net proceeds from the new issuance to partially fund additional assembly lines at the proposed manufacturing plant in Telangana, totaling Rs 145.7 crore.</p>
<p><strong>What is the work of Exicom Tele-Systems?</strong><br />
Exicom Tele-Systems is a supplier of power management systems, operating under two business verticals: the business of power solutions and the business of EV (electric vehicle) charger solutions.</p>
<p>In the EV charger business, the company offers cutting-edge smart charging systems for public, business, and residential use in India. In the other vertical, it designs, manufactures, and provides services for DC Power Systems, which provide comprehensive energy management for enterprise settings and telecommunications sites in India and abroad.</p>

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