February 27, 2024
Exicom Tele-Systems IPO: Grey Market Premium Surges from ₹130 to ₹170
Exicom Tele-Systems IPO GMP Surges from ₹130 to ₹170 today,This ipo shows around 119.71% (percentage) GMP.
The Exicom Tele-Systems ipo has been generating significant interest in the market. As the subscription window for the IPO opens, investors are closely monitoring the grey market premium (GMP), which provides insights into potential listing gains.
February 26, 2024
Exicom Telesystems Limited IPO GMP
Exicom TeleSystems ipo shares are currently trading at a premium of ₹130 per share above the upper band in the grey market. This equates to a GMP of 91.54% over the issue price of ₹142 per share. This means that the investors are expecting a strong listing gain from the IPO, and they are willing to pay a high price for the IPO shares in the grey market.
Exicom TeleSystems IPO is a hot opportunity for investors who want to benefit from the booming EV charging market in India. Find out the IPO details, GMP, and reasons to invest in this company.
Exicom Telesystems Limited IPO GMP (Grey Market Premium) Live Rates day by day Updated Here.
| Date | IPO GMP |
| 27 February 2024 [Today] | ₹170 |
| 26 February 2024 | ₹130 |
What is Exicom TeleSystems and what does it do?
Exicom TeleSystems is an India-based company that operates under two business verticals: EV charger solutions and critical power solutions. The company was founded in 1994 by Anant Nahata, who is also the managing director and promoter of the company.
EV charger solutions:
The company provides smart charging systems with innovative technology for residential, business, and public charging use in India. The company offers a range of products, such as AC and DC chargers, battery swapping stations, battery management systems, and cloud-based software platforms. The company also provides end-to-end solutions, such as site assessment, installation, commissioning, operation, and maintenance of the charging infrastructure.
The company claims to be a market leader in the EV charger solutions segment, with a market share of 35% in FY23. The company has installed over 11,000 EV chargers across India, serving customers such as EESL, Tata Power, BHEL, HPCL, IOCL, and various state governments. The company is also a partner of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, which is a government initiative to promote the adoption of EVs in India.
The company believes that the EV charger solutions segment has a huge potential for growth, as the EV market in India is expected to grow at a compound annual growth rate (CAGR) of 36% from FY20 to FY25, according to a report by ICRA[^1^][1]. The company also expects to benefit from the favourable policies and incentives by the government, such as the FAME II scheme, the National Electric Mobility Mission Plan 2020, and the GST reduction on EVs and EV chargers.
Critical power solutions:
The company designs, manufactures, and services critical digital infrastructure technology to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. The company offers products such as rectifiers, inverters, converters, power distribution units, and hybrid power systems. The company also offers solutions such as energy audits, site optimization, remote monitoring, and energy management.
The company claims to be a leading player in the critical power solutions segment, with a market share of 22% in FY23. The company has supplied over 700,000 power systems across India, serving customers such as Reliance Jio, Bharti Airtel, Vodafone Idea, BSNL, MTNL, and various defence and railway organizations. The company also has a presence in over 15 countries, such as Nepal, Bangladesh, Sri Lanka, Myanmar, Indonesia, and Kenya.
The company believes that the critical power solutions segment has a steady demand, as the telecom and enterprise sectors require reliable and efficient power solutions to ensure uninterrupted operations. The company also expects to leverage its expertise and experience in the segment to cater to the emerging opportunities in the data center, cloud, and edge computing markets.
