Exicom Telesystems IPO
Exicom Telesystems Limited (EXICOM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +56.3% (likely range +37% to +98%), day's high +69.3%, chance of a gain 97%. Actual: +86.6% at the open, +93.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,03,70,540 | 1,26,31,50,400 | 122x | |
| NII (HNI) total | 47,11,800 | 72,19,54,100 | 153x | |
| Big NII (above ₹10 lakh) | 31,41,200 | 49,53,44,100 | 158x | |
| Small NII (₹2-10 lakh) | 15,70,600 | 22,66,10,000 | 144x | |
| Retail | 31,41,200 | 37,56,59,800 | 120x | |
| Total | 1,82,23,540 | 2,36,07,64,300 | 130x |
Bids on NSE and BSE together, as published by NSE, as of 29 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 14% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Exicom Telesystems's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ideaforge TechnologyJun 2023 | 126x | 80.6x | 85.2x | 106x | ₹567 Cr | +93.5% | +100.0% |
| Motisons JewellersDec 2023 | 157x | 234x | 122x | 160x | ₹154 Cr | +98.2% | +99.6% |
| Utkarsh Small Finance BankJul 2023 | 125x | 81.6x | 72.1x | 102x | ₹543 Cr | +60.0% | +92.0% |
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
| BLS E- ServicesFeb 2024 | 123x | 300x | 237x | 162x | ₹311 Cr | +125.9% | +171.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Monarch Networth Capital | 6 | +23.6% | 67% |
| Unistone Capital | 13 | +47.7% | 100% |
| and Systematix Corporate Services | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Exicom Telesystems IPO price band and lot size? ₹135–142 per share, with a lot of 100 shares, so the smallest retail bid is ₹14,200.
How many times has it been subscribed? 130x overall: QIB 122x, NII 153x, retail 120x.
How did it list? It opened at ₹265, +86.6% against the issue price of ₹142, and closed its first day +58.4%.
