Exicom Tele Systems Limited specializes in power management solutions across two primary business segments: the critical power business and the EV charger business. Under the Critical Power Business, the company is engaged in the design, manufacturing, and servicing of DC power systems and Li-ion energy storage solutions tailored for telecommunication sites. Concurrently, in the EV Charger Business segment, Exicom offers smart charging systems designed for residential, commercial, and public usage within India.
Subscription status details on final day
The subscription status for the GPT Healthcare IPO indicates significant oversubscription across investor categories, with Qualified Institutional Buyers at 121.80x, Non-Institutional Investors at 153.00x, Retail Individual Investors at 117.66x, resulting in an overall total of 129.16x.
| Subscription Status | Subscription Ratio |
|---|---|
| Qualified Institutional Buyers | 121.80x |
| Non-Institutional Investors | 153.00x |
| Retail Individual Investors | 117.66x |
| Total | 129.16x |
Exicom Tele-systems IPO Details
- Price Band: Exicom Tele-Systems has set a price band of ₹135 to ₹142 per equity share.
- Subscription Period: The IPO subscription window opened on February 27, 2024, and will close on February 29, 2024.
- Allotment Date: The allotment of Exicom Tele-Systems IPO shares is expected on or around March 1, 2024.
- Listing Date: The company’s shares are proposed to be listed on both the NSE and BSE on March 5, 2024.
Subscription status details on the first day
| Qualified Institutional Buyers | 0.84x |
| Non-Institutional Investor | 19.86x |
| Retail Individual Investor | 28.67x |
| TOTAL | 11.09x |
1. Qualified Institutional Buyers (QIBs): The subscription level among Qualified Institutional Buyers stands at 0.84 times (0.84x). QIBs typically include institutional investors such as banks, mutual funds, insurance companies, and foreign institutional investors.
2. Non-Institutional Investors (NIIs): Non-Institutional Investors have shown significant interest in the Exicom Telesystems IPO, with a subscription level of 19.86 times (19.86x). NIIs are high-net-worth individuals and corporate bodies who invest substantial amounts in the stock market. The high subscription level in this category reflects strong demand and confidence among this investor segment.
3. Retail Individual Investors (RIIs): Retail Individual Investors, comprising individual investors who invest relatively smaller amounts, have demonstrated remarkable enthusiasm for the Exicom Telesystems IPO. The subscription level among RIIs is notably high at 28.67 times (28.67x), indicating overwhelming demand from retail investors.
