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Should I Apply for the Exicom Tele-Systems IPO, which opens today? Verify Subscription Status Now, GMP

<p><strong>Exicom Tele-Systems IPO:</strong> Investors are responding rather well to GPT Healthcare Ltd.’s initial public offering (IPO), which started on Tuesday, February 27. Within the first hour of its opening, the issue was completely subscribed. The initial public offering’s price range is set at between Rs 135 and Rs 142 per share. The Rs 429-crore initial public offering (IPO) attracted 1.29 times subscription up till 10:51 am on Tuesday, the first day of bidding. Bids were received for 2,13,77,400 shares, against the 1,66,16,168 shares that were on offer.</p>
<p><img decoding=”async” class=”alignnone wp-image-451290″ src=”” alt=” should i apply for the exicom tele systems ipo which opens today verify subscripti” width=”1010″ height=”673″ title=”Should I Apply for the Exicom Tele-Systems IPO, which opens today? Verify Subscription Status Now, GMP 21″ srcset=” 510w,×100.jpg 150w” sizes=”(max-width: 1010px) 100vw, 1010px” /></p>
<p>On Monday, February 29, 2024, the Exicom Tele-Systems first public offering will conclude.</p>
<p>The non-institutional quota obtained 2.13 subscriptions, while the retail sector garnered 3.88 subscriptions.</p>
<p>Exicom Tele-Systems’ initial public offering (IPO) will be allocated on March 1st, and on March 5th, 2024, it will be listed on the NSE and BSE.</p>
<p><strong>Exicom Tele-Systems: Today’s IPO GMP</strong></p>
<p>Market watchers report that unlisted shares of Exicom Tele-Systems Ltd (ETSL) are selling on the grey market for Rs 170 more than the company’s issue price. With a gray market premium of Rs 170, or GMP, the grey market anticipates a listing gain of 119.72% from the public offering. The GMP is dynamic and dependent on market mood.</p>
<p>The willingness of investors to pay above the issue price is shown by the “grey market premium.”</p>
<p><strong>Is It Time to Invest in Exicom Tele-Systems?</strong></p>
<p>Brokerage Anand Rathi assigned a “subscribe” recommendation, noting in a note that ETSL is offered at a P/E of 31x (FY24E annualized) at the top price range of Rs.142, which seems to be fully priced. We offer a “Subscribe” rating on a medium- to long-term basis based on the company’s first mover advantage in both power management systems and EV charging infrastructure, the strong outlook for the EV industry, its increasing financial and operational track record, and its future development ambitions.</p>
<p>It also said that Exicom Tele-Systems Ltd.’s (ETSL) PAT increased at a CAGR of 56.5% from Rs. 12.7 crore in FY21 to Rs. 31 crore in FY23, while the company’s sales increased from Rs. 512.9 crore in FY21 to Rs. 707.9 crore in FY23, indicating a CAGR of 17.5%. The business’s ROE key performance metrics were at</p>
<p><strong>at 13.4% and ROCE at 13.7% respectively.</strong></p>
<p>“Compared to a loss the previous year, revenue from operations more than doubled to Rs 455 crore in H1FY24, with a net profit of Rs 27.4 crore,” Anand Rathi said.</p>
<p><strong>Details of Exicom Tele-Systems’ IPO</strong></p>
<p>A new issuance of 2.32 crore shares, totaling Rs 329.00 crores, and an offer to sell 0.7 crore shares, totaling Rs 100 crore, comprise the Exicom Tele-Systems IPO.</p>
<p>The first public offering (IPO) of Exicom Tele-Systems begins on February 27, 2024, and ends on February 29, 2024. On Friday, March 1, 2024, the allocation for the Exicom Tele-Systems IPO is anticipated to be completed. The proposed listing date for the Exicom Tele-Systems initial public offering (IPO) is set for Tuesday, March 5, 2024 on the BSE and NSE.</p>
<p>The pricing range for Exicom Tele-Systems’ IPO is Rs 135 to Rs 142 per share. An application must have a minimum lot size of 100 shares. Retail investors are needed to invest a minimum of Rs 14,200. Small NII minimum lot size investment is 15 lots (1,500 shares), or Rs 2,13,000, while large NII minimum lot size investment is 71 lots (7,100 shares), or Rs 10,08,200.</p>
<p>The registrar for the Exicom Tele-Systems IPO is Link Intime India Private Ltd, and the book-running lead managers of the offering are Monarch Networth Capital Ltd, Unistone Capital Pvt Ltd, and Systematix Corporate Services Limited.</p>

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