Exicom Tele-Systems IPO: A Golden Opportunity for Investors 💰📈
Are you thinking about investing in an IPO? Well, you’re in luck! A company that manufactures electric vehicle (EV) chargers is set to launch its IPO next week. The company, Exicom Tele-Systems Limited, specializes in EV charger production. The IPO will be open for investment from February 27 to February 29, with anchor investors able to bid on February 26. Sources suggest that the IPO price could be around ₹140, but the final decision on the share price is pending.
Meanwhile, in the grey market, the company’s shares are trading at a premium of ₹55. The IPO includes the sale of up to 329 crore new equity shares and 70.42 lakh equity shares from promoter Nextwave Communications. Exicom Tele-Systems provides energy management solutions and operates in two professional segments: EV charger solutions and power solutions.
Currently, Nextwave Communications holds a majority stake of 76.55% in the company, while a component of the promoter group, HFCL, holds a 7.74% stake. In total, promoters have a 93.28% stake in Axicom Tele-Systems. Monarch Net Worth Capital, Systematics Corporate Services, and Unistone Capital are the book-running lead managers for the IPO. The company plans to list equity shares on the BSE and NSE.
Don’t miss out on this exciting opportunity to invest in a promising EV charger manufacturer! 🚗⚡
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
