Exicom Tele Systems IPO
Exicom Tele Systems Limited
Minimum investment
Exicom Tele Systems IPO Details
Bidding date
27 Feb - 29 Feb 2024
Price range
—
Minimum quantity
100
Minimum investment
₹13,500
Issue size
—
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Exicom Tele Systems IPO Dates & Timeline
About Exicom Tele Systems IPO: Company Overview
Incorporated in 1994, Exicom Tele-Systems manufactures Electric Vehicle Charger Systems and Critical Power Solutions for telecom sector and enterprise environments.
They are amongst the first entrants in the EV Chargers manufacturing segment in India and amongst the market leaders, with a market share of 60% in residential charging and 25% in the public charging segments. They have a market share of 16% in the DC Power Systems market and are recognized as a leading player in the market for Li-ion Batteries for use in the telecom sector, with a market share of 10%.
ABOUT THE INDUSTRY
Indian EV industry is one of the fastest growing markets in the world with growth of over 130% from FY 2022. EV penetration is expected to grow across vehicle segments, i.e., two-wheelers, three-wheelers passenger vehicles, buses, and commercial vehicles. The EV PV and bus market is estimated to grow by nine times between FY ‘23 and FY ’28, at a CAGR of 50% to 60%. The telecom power systems market in India is expected to grow from Rs. 15 billion in FY ‘23 to Rs. 22 billion in FY ’28 at a CAGR of 8.50%.
Strengths & Risks of Exicom Tele Systems IPO
Market Leader: Exicom ia a market leader with an early-mover-and-learner advantage in the Indian EV Charger market, a fast-growing industry with by high entry barriers. Exicom has deployed over 35,000 EV chargers across 400 locations in India,
Domain Expertise: Exicom has domain experience and know-how with a diversified product portfolio and a track record of demonstrated results. They focus on product innovation and engineering to align products with evolving technologies and changing customer requirements,
Vertically Integrated Operations: Exicom's operations are vertically integrated with end-to-end product development capabilities from concept to design to engineering to testing, supported by our two dedicated R&D centres, in-house manufacturing at three manufacturing facilities in India at Solan and at Gurugram.
established customer base: Exicom serves a diverse customer base of 350 with reputed names including Mahindra & Mahindra, MG Motors, JBM, JioBP Fortum Charge & Drive India Private Limited, BSNL, Jio Infocom etc. in telecom.
EV Industry Dependent: Exicom's EV Charger Business is correlated with the continuing rapid adoption and demand for electric vehicles. The EV industry in India is at a nascent stage and characterized by rapidly changing technologies and increasing consumer choice, evolving govt regulation etc.
Import Dependent: Exicom is dependent on global suppliers for the supply of raw materials and key inputs. If critical components or raw materials become scarce, they may incur delays in delivery of products which could impact he business.
Evolving R&D Based Business: Exicom's operations are dependent on our continued research and development initiatives, and an inability to keep up with evolving industry trends, technological advancements, customer preferences may adversely affect the business.
How to Apply for Exicom Tele Systems IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Exicom Tele Systems IPO
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