Exicom Tele-Systems Blasts Off: Shares Surge Over 87% in Dazzling Market Debut

Exicom Tele-Systems shares opened at ₹265/₹264 on NSE/BSE, soaring 86.62%/85.92% above their ₹142 issue price, reflecting strong investor enthusiasm at market debut.
Exicom Tele-Systems Blasts Off Shares Surge Over 87% in Dazzling Market Debut

Exicom Tele-Systems’ shares had an impressive debut, opening at ₹265 on NSE and ₹264 on BSE, marking an 86.62% and 85.92% surge over its ₹142 issue price. The IPO witnessed overwhelming demand, oversubscribed by 129.54 times, with retail investors at 119.59 times, NIIs at 153.22 times, and QIBs at 121.80 times, highlighting robust investor confidence.

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Established in 1994, Exicom Tele-Systems Ltd is a leading Indian company offering power management solutions, specializing in EV charging and critical power infrastructure for telecom and enterprise sectors. As of March 2023, it dominates the EV charger market with significant shares in residential and public sectors and holds a strong position in DC power systems and Li-ion batteries for telecom. Exicom is committed to advancing sustainable energy and supporting digital communication infrastructure.

Exicom Tele-Systems Limited aims to use its IPO funds to set up a Telangana manufacturing unit, reduce debt, boost working capital, invest in R&D for EV charging advancements, and address general corporate needs, including strategic growth and marketing.

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