Exicom Tele-Programs Ltd, an EV charger producer, has revealed a worth band of Rs 135-142 per share for its upcoming Preliminary Public Providing (IPO) to boost Rs 429 crore. The IPO will probably be open for public subscription from February 27 to 29, with a one-day bidding window for anchor buyers on February 26.
Let’s take a look on the key particulars of the IPO by Exicom Tele-Programs Ltd:
Particulars of the IPO:
The IPO features a recent subject of fairness shares amounting to Rs 329 crore and an Provide For Sale (OFS) element of as much as 70.42 lakh fairness shares valued at Rs 100 crore on the higher finish of the value band. The OFS will probably be by promoter NextWave Communications.Promoters at the moment maintain a 93.28% stake in Exicom Tele-Programs, and thru this providing, they plan to dilute 23% of their shareholding. Put up-issue, the promoters’ possession is predicted to lower from 92% to 69%.The value-to-earnings ratio on the flooring worth is 39.94 occasions, and on the cap worth, it’s 42.01 occasions primarily based on the fundamental and diluted EPS of continuous operations.
Utilization of Proceeds:
The funds generated from the recent subject will probably be allotted for numerous functions, together with establishing manufacturing strains on the manufacturing facility in Telangana, funding in analysis and improvement, product improvement, and fee of debt to assist working capital necessities and basic company functions.
Using Recent Difficulty Proceeds for Strategic Progress:
Exicom Tele-Programs Ltd’s IPO gives buyers the chance to bid for at least 100 fairness shares, with subsequent bids in multiples of 100 shares. The online proceeds from the recent subject will play a pivotal function in advancing the corporate’s strategic initiatives. Right here, a good portion, amounting to Rs 145.7 crore, will probably be allotted for the institution of latest meeting strains on the deliberate manufacturing facility in Telangana. This strategic transfer displays the corporate’s dedication to enhancing manufacturing capabilities, thereby strengthening its aggressive place out there.
About Exicom Tele-Programs Ltd:
Exicom Tele-Programs, established in 1994, has develop into a formidable power with a major presence in two essential sectors: electrical automobile provide gear options (EV Chargers) and significant energy. As a vertically built-in firm, Exicom has its experience over time, specializing within the design, improvement, and manufacturing of forward-looking merchandise catering to the evolving wants of at present and the long run.
Exicom presents a various portfolio encompassing DC energy conversion techniques and Li-ion-based power storage options. These options function a dependable supply of backup energy throughout grid interruptions, contributing to a resilient power ecosystem. The corporate’s in depth suite of EV Charging merchandise spans sluggish charging for residential purposes and quick charging options strategically deployed throughout public charging networks in city areas and alongside highways.
Experience and Attain:
With over 25 years of profound trade expertise in energy electronics, Exicom Tele-Programs has established itself as a seasoned participant within the area. The corporate’s attain extends to greater than 400 cities, the place it has supplied complete set up and upkeep providers. Leveraging its in depth experience, Exicom has efficiently deployed over 70,000 AC and DC chargers, strategically positioned throughout India and Southeast Asia. The corporate manufactures all its merchandise throughout three manufacturing amenities, Solan Facility, Gurugram Facility I, and Gurugram Facility II.
The corporate has an built-in ChargeX platform. ChargeX is a cloud-based charger administration platform for anybody who desires to deploy, handle, and develop their EV charging community. It repeatedly learns and evolves to meet a variety of industries’ charging wants.
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