Exicom IPO Share Price: Exicom IPO made a splash in the market, investors got 86% profit on the first day.

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Exicom IPO Share Price: Exicom IPO made a splash in the market, investors got 86% profit on the first day.

Exicom IPO Share Price: The reputed company Exicom Tele-Systems was formed in 1994 and it manufactures EV charging systems. This company has now listed its shares and its IPO (Exicom IPO Share Price) also got a good response and today its shares have also been listed in the domestic market and due to the excellent entry, investors have got very good profits. . Its IPO was attended by a large number of investors, and it was subscribed more than 133 times. The price per share in the IPO was Rs 142, but when it was listed on BSE, its price reached Rs 264. Due to this, investors got more than 85 percent listing gain.

Following the listing, Exicom Tele-Systems’ share price climbed even higher. Its price reached Rs 274.30, due to which investors now got a profit of 93 percent. A decline was also seen in the stock market today, where the Bombay Stock Exchange index Sensex was trading at 73,490, down 0.53 per cent or 393 points. The listing of Exicom Tele-Systems has provided good returns to investors especially in the coming months. Let us now know the special things about Exicom Tele-Systems shares and IPO (Exicom IPO Share Price).

Exicom IPO got great response –

Exicom Tele-Systems launched its IPO (Exicom IPO Share Price) between 27 February and 29 February 2024. In this IPO, the price of each share was Rs 10 and the price band of the shares was kept between Rs 135 to Rs 142. Here investors got a chance to invest in new shares and they were very eager to participate in it. In this IPO (Exicom IPO Share Price), fresh issues worth Rs 329 crore were issued and along with that shares worth Rs 100 crore were sold through offer for sale.

Before the opening of the IPO (Exicom IPO Share Price), Exicom Tele-Systems had raised Rs 178 crore from anchor investors. This amount was collected just a day before the opening of the IPO. This (Exicom IPO Share Price) IPO received a huge response from investors and was subscribed 133.56 times. There was also participation from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Non Institutional Investors and Qualified Institutional Buyers. In this IPO, 2,31,69,014 new shares were issued and 70,42,200 shares were sold through offer for sale.

These are the promoters of the company –

NextWave Communications Company holds a majority stake of 76.55 per cent, while HFCL Company holds 7.74 per cent stake in the firm. The promoters collectively hold 93.28 per cent stake in Exicom Tele-Systems. Apart from this, promoter NextWave Communications is selling 70.42 lakh equity shares through Offer for Sale. NextWave Communications has acquired a majority stake in the company which may direct its direction. Additionally, the dominant role of Exicom Tele-Systems is also important, which reflects the particular strength of its promoters.

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