Exicom Tele-Systems India IPO GMP Today, Exicom Tele-Systems India Grey Market Premium Updates | Exicom Tele-Systems India, Latest target, Opening gain
Exicom Tele-Systems IPO began on 27 February 2024. It will close on 29 February 2024. The Total IPO Size is 429.00 Crore Approx. The company set its IPO price is ₹135 to ₹142 per share Per Share. There are three basic categories in Exicom Tele-Systems IPO Subscription:-
1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Incorporated in 1994, Exicom Tele-Systems Limited specializes in power systems, electric vehicle (EV) charging, and other related solutions. The company operates under two business verticals.
- Power Systems: Exicom provides uninterrupted power solutions for digital communication networks.
- EV Charging Solutions: Exicom has deployed over 6,000 AC and DC chargers in India and Southeast Asia. Their EV charging solutions are designed to withstand harsh environmental and electrical conditions.
As of March 31, 2024, the company is among the first to enter India’s EV charger manufacturing segment. The company operates in the EV Charger business, which offers both slow charging solutions (primarily AC chargers for residential use) and fast charging solutions (DC chargers for business and public charging networks in cities and highways).
The customer base includes established automotive OEMs (for passenger cars and EV buses), charge point operators (CPOs), and fleet aggregators.
As of September 30, 2023, the company employs 1,190 employees in India, of which 443 are contractual, 732 employees are technically qualified – 438 with diplomas and 294 with engineering degrees. The company also has 50 employees at its subsidiaries.
Check out Exicom Tele-Systems India IPO grey market premium, Kostak rates, and subject to cauda rates as of today.
Exicom Tele-Systems IPO Details:
| Issuer | Exicom Tele-Systems | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 27 Feb 2024 | |
| Issue Closes: 29 Feb 2024 | ||
| Price Brand | ₹135 to ₹142 per share | |
| Issue Size | 429.00 Cr | |
| Face Value | ₹ 10 per share | |
| Market Lot | 100 Shares | |
| Retail (Max) | ₹198,800 | |
| QIB | 75% | |
| HNI | 15% of the issue size | |
| Retail Individual Bidders | 10% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With? | ANGEL Free DEMAT Account | |
| Total Shares | 30,211,214 shares | |
| UPCOMING IPO 2024 | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | UPCOMING BONUS 2024 |
| Best Stocks to Buy | Latest IPO Grey Market Premium |
Exicom Tele-Systems IPO GMP Rates day by day
Exicom Tele-Systems IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 100 | ₹14,200 |
| Retail (Max) | 14 | 1400 | ₹198,800 |
| S-HNI (Min) | 15 | 1500 | ₹213,000 |
| S-HNI (Max) | 70 | 7000 | ₹994,000 |
| B-HNI (Min) | 71 | 7100 | ₹1,008,200 |
Exicom Tele-Systems IPO Allotment & Listing:
Exicom Tele-Systems IPO
| Exicom Tele-Systems IPO Opening Date: | FEB 27, 2024 |
| Exicom Tele-Systems IPO Closing Date: | FEB 29, 2024 |
| Basis of Allotment: | March 1, 2024 |
| Initiation of Refunds: | March 4, 2024 |
| Credit to Demat Account: | March 4, 2024 |
| Listing Date: | March 5, 2024 |
EXICOM TELE-SYSTEM IPO ALLOTMENT STATUS
How to Apply for Exicom Tele-Systems IPO?
If you’re a new investor Open a DEMAT Account for free with Angel One and build wealth with the best stock choices. Join a 1 million+ family of happy customers.
How to Apply Exicom Tele-Systems IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Exicom Tele-Systems “. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Exicom Tele-System IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Exicom Tele-Systems”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Check:-Exicom Tele-Systems IPO Allotment Status
Disclaimer:
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing the premium Price as it may change time before listing. Subscribe only considering the Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.
What is Grey Market?
Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed in a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before the listing happens. Two kinds of transactions happen in the IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a Kotak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than the issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which an IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO applications post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for Kotak is:
Example:
IGL Limited
Issue Price: Rs 300 Per Equity Share (Maximum Bid price)
Lot Size: 50
Grey Market Premium: Rs 285 to Rs 300
Kostak (Rs 13770): Rs 680 to Rs 720
This means IGL IPO applications of Rs 13500 are being traded in the IPO Grey Market at Rs 695 to Rs 720.
Even though this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
As can be seen, Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in the grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount that an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the cauda stands canceled.
In the case of the ‘Subject to Sauda’ deal, while selling the IPO application in the grey market, the buyer and seller agree that the deal is only valid if the seller gets the allotment. If the seller doesn’t get any shares in the IPO process, the deal is avoided.