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IPO

IPO Synopsis
Exicom Tele-Systems Ltd
Registered Office: 8 Elecronics Complex,Chambaghat , Solan - 173213 , Himachal Pradesh , India.
Phone : 91-179-2230 948   Fax:
Email :  investors@exicom.in  
Website :  www.exicom.in
Initial public offering of 30,211,200^ equity shares of face value of Rs. 10 each ("Equity Shares") of Exicom Tele-Systems Limited ("Company" or the "Issuer") for cash at a price of Rs. 142 per equity share (including a share premium of Rs. 132 per equity share) (the "Offer Price") aggregating to Rs. 429.00^ crores, comprising a fresh issue of 23,169,000^ equity shares aggregating to Rs. 329.00 crores ("Fresh Issue") and an offer for sale of 7,042,200 equity shares aggregating to Rs. 100.00^ crores ("Offer for Sale") by Nextwave Communications Private Limited (the "Promoter Selling Shareholder" and such equity shares offered by the promoter selling shareholder, the "Offered Shares") (the "Offer"). The offer constituted 25.00% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 14.20 times the face value of the equity shares. The company, in consultation with the book running lead managers, has undertaken a private placement pursuant to sections 42 and 62(1)(c) of the companies act, 2013 of 5,259,257 equity shares at an issue price of Rs. 135.00 per equity share (including a premium of Rs. 125.00 per equity share) for cash consideration aggregating to Rs. 71.00 crores (the "Pre-ipo placement") on january 3, 2024. The size of the fresh issue has been reduced by Rs. 71.00 crores and accordingly, the revised size of the fresh issue is Rs. 329.00 crores. The relevant investors that have subscribed to the equity shares pursuant to the pre-ipo placement have, prior to the allotment of equity shares, been informed that there is no guarantee that the offer may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk. ^Subject to finalization of the basis of allotment

Issue Money Payable On
Opens On Closes On Application Allotment
27-Feb-24 29-Feb-24 Rs142.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :100  Further Multiples of :100

  Rs Cr Lead Managers to the Issue
Project Cost 305.07
Monarch Networth Capital Ltd
Project Financed through Current Offer 429.00  
Post Issue Equity Share Capital 120.82  
Issue Price Rs142.00  
 
Projects
Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility inInvestment in R&D and product development
Repayment/pre-payment in part or full of certain borrowings of the companyGeneral corporate purposes
part-funding incremental working capital requirements
Promoted By
Nextwave Communications Pvt Lt
Anant Nahata
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd