Exicom Tele-Systems IPO - Investment Rationale, Financials, Key Strategies, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi's IPO Report.Exicom Tele-Systems Ltd. launched its initial public offering on Feb. 27 and the offer concludes today. The EV chargers maker has fixed a price band in the range of Rs 135 to Rs 142 apiece. The minimum order lot is 100.The Rs 429 crore IPO comprises of a fresh issue of Rs 329 crore and an offer for sale of Rs 100 crore..Object of fresh issuePart-financing the cost towards setting up production/assembly lines at the planned manufacturing facility in Telangana.Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company.Funding working capital requirements of the Company.General corporate purposes..Valuation Exicom Tele-System established player in the Indian EV charger market, with an early-mover-and-learner advantage in a fast growing industry characterized by high entry barriers and domain experience and know-how and diversified product portfolio with a track record of demonstrated outcomes in critical cases with vertically integrated operations, backed by manufacturing capabilities, robust supply chain, significant research and development activities and sales and marketing initiatives along with significant product development and focussed engineering capabilities. At the upper price band company is valuing at price/earning of 28.00 times, enterprise value/Ebitda 33.98 times with a market cap of Rs 17,157 million post issue of equity shares and return on net worth of 13.38%. We believe that the IPO is fairly priced and recommend a “Subscribe-Long term” rating to the IPO..Click on the attachment to read the full IPO report:.Mukka Proteins IPO - Investment Rationale, Issue Details, Financials, Strengths, Risks And More: Anand Rathi.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Exicom Tele-Systems IPO - Investment Rationale, Financials, Key Strategies, Risks And More: Anand Rathi

Exicom Tele-Systems launched its Rs 429 crore IPO on Feb. 27 and the offer concludes today. The EV chargers maker has fixed a price band in the range of Rs 135 to Rs 142 apiece.

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