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Exicom Tele-Systems IPO Date, Lot Size, Reservation, How to apply?

Exicom Tele-Systems’ IPO amounts to Rs 429.00 crores and consists of a fresh issue of shares valued at Rs 329.00 crores, along with an offer for sale of 0.7 crore shares totaling Rs 100.00 crores. The IPO opened for subscription on February 27, 2024, and closed on February 29, 2024.

Exicom Tele-Systems IPO Date

The Exicom Tele-Systems IPO subscription window spans from February 27 to February 29, 2024, with the anticipated allotment finalised on March 1, 2024. It is scheduled to be listed on BSE and NSE on March 5, 2024. 

Details Value
IPO Date February 27, 2024 to February 29, 2024
Face Value ₹10 per share
Price Band ₹135 to ₹142 per share
Lot Size 100 Shares
Total Issue Size 30,211,214 shares (aggregating up to ₹429.00 Cr)
Fresh Issue 23,169,014 shares (aggregating up to ₹329.00 Cr)
Offer for Sale 7,042,200 shares of ₹10 (aggregating up to ₹100.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Shareholding pre issue 97,655,501
Shareholding post issue 120,824,515

The IPO’s price band is between ₹135 to ₹142 per share, requiring a minimum lot size of 100 shares. Retail investors need a minimum investment of ₹14,200, while sNII and bNII have minimum lot size investments of 15 lots and 71 lots, respectively.

Exicom Tele-Systems IPO Reservation

The Exicom Tele-Systems IPO will follow the reservation system mandated by the Securities and Exchange Board of India (SEBI) to ensure fair distribution of shares across different investor categories.

  • QIB (Qualified Institutional Buyers): Not less than 75% of the Net Issue. This category includes institutional investors like mutual funds, foreign institutional investors, insurance companies, etc.
  • Retail Individual Investors (Retail): Not more than 10% of the Net Issue. This category comprises individual investors applying through supported brokers.
  • Non-Institutional Investors (NII/HNI): Not more than 15% of the Net Issue. This category encompasses wealthy individuals and non-institutional entities not classified as QIBs or Retail.

Exicom Tele-Systems IPO Date

Exicom Tele-Systems IPO Timeline 

Exicom Tele-Systems IPO:

  • IPO Open Date: Tuesday, February 27, 2024
  • IPO Close Date: Thursday, February 29, 2024

This three-day window allows potential investors to subscribe to the IPO.

Basis of Allotment: Friday, March 1, 2024

  • On this date, the company will finalise the allotment of shares to applicants based on their bids and the reservation system.

Initiation of Refunds: Monday, March 4, 2024

  • Unsuccessful applicants will receive a refund of their application money on this date.

Credit of Shares to Demat Account: Monday, March 4, 2024

  • Shares allotted to successful applicants will be credited to their Demat accounts on this date.

Tentative Listing Date: Tuesday, March 5, 2024

  • This is the expected date when the company’s shares will start trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Exicom Tele-Systems IPO Lot Size

  • Minimum Lot: 100 shares
  • Bidding Increments: In multiples of 100 shares

This means you can bid for 100 shares, 200 shares, 300 shares, and so on, but not for odd numbers of shares.

Investment Amount:

The investment amount will vary depending on the number of shares you bid for and the final IPO price (to be determined between ₹135 and ₹142 per share).

Investor Category Minimum Investment (₹)
Retail (Min) 14,200
Retail (Max) 198,800
S-HNI (Min) 213,000
S-HNI (Max) 994,000
B-HNI (Min) 1,008,200

Note:

  • S-HNI and B-HNI categories are defined by different minimum net worth requirements set by the broker. Please consult with your chosen broker for details and eligibility criteria.

Exicom Tele-Systems IPO Promoter Holding

Promoters:

  • Corporate Promoter: NextWave Communications Private Limited
  • Individual Promoter: Anant Nahata

ShareHolding Pre-Issue: 93.28%

ShareHolding Post-Issue: To be determined after the IPO

The final post-issue shareholding percentage will depend on the number of shares offered by the promoters in the Offer for Sale (OFS) portion of the IPO and the overall issue size.

How to apply for Exicom Tele-Systems IPO?

General outline of the process to apply for the Exicom Tele-Systems IPO:

  • Choose a Broker: Select a reputable broker offering IPO services.
  • Login to your Broker’s Platform: Access your online trading account or mobile app provided by your chosen broker.
  • Locate the Exicom Tele-Systems IPO: Search for the IPO offering within your broker’s platform.
  • Enter Application Details: Specify the number of shares you wish to apply for (in multiples of the minimum lot size) and the bidding price (within the defined price band).
  • Payment and Confirmation: Choose your preferred payment method (UPI or ASBA) and follow the instructions provided by your broker for authorization and confirmation.

Go to Bscnursing Homepage To Get Relevant Updates.

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