The initial public offering (IPO) of Exicom Tele-Systems Limited is scheduled to be listed on March 5, 2024. The shares will be available for trade on both BSE and NSE during the special pre-open session starting at 10:00 AM.
The BSE notice stated, “Trading Members of the Exchange are hereby informed that effective from Tuesday, March 5, 2024, the equity shares of EXICOM TELE-SYSTEMS LIMITED shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.”
Market experts are optimistic about the IPO, predicting strong returns. The secondary market sentiment is positive, and analysts believe that Exicom Tele Systems IPO, which received a robust response from primary market investors, could see substantial gains.
Exicom Tele Systems IPO Listing Price Predictions:
Experts foresee a listing price in the range of ₹282 to ₹299 per share. The IPO, valued at ₹429 crores, is expected to show considerable potential for subscription, given the company’s dominant position in the electric vehicle (EV) charging sector. Despite a setback in FY23 during the divestment of its battery business, the FY24 earnings forecast suggests growth potential and long-term expansion plans.
Exicom Tele Systems IPO GMP Today:
The grey market premium (GMP) for Exicom Tele Systems IPO is currently ₹156, indicating that the listing price could be around ₹298 (₹142 + ₹156). This represents approximately a 110% increase from the IPO’s price band of ₹135 to ₹142 per equity share.
Both the grey market and market experts are optimistic about Exicom Tele Systems IPO, anticipating substantial returns for investors on the listing day.
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