The IPO comprises a fresh issue of equity shares worth Rs 329 crore and an Offer For Sale (OFS) of up to 70.42 lakh equity shares valued at Rs 100 crore, with the OFS conducted by promoter NextWave Communications.
Fresh issue funds for Telangana production lines, R&D, product development, debt repayment, working capital, and general corporate purposes.
Exicom Tele-Systems Ltd’s IPO offers investors the opportunity to bid for a minimum of 100 equity shares, with subsequent bids in multiples of 100 shares.
A significant portion, amounting to Rs 145.7 crore, will be allocated for the establishment of new assembly lines at the planned manufacturing facility in Telangana.
Exicom Tele-Systems, established in 1994, has become a formidable force with a significant presence in two crucial sectors: electric vehicle supply equipment solutions (EV Chargers) and critical power.