Exicom Tele-Systems IPO allotment out today: Check details here

1 Mar 2024 , 09:54 AM

Gurgaon-based Exicom Tele-Systems Limited, known for its expertise in electric vehicle charging solutions and power systems, is set to disclose the allotment status of its initial public offering (IPO) on Friday, March 1.

The Exicom Tele-Systems IPO commenced on February 27 and concluded on February 29, with a price band of ₹135 to ₹142 per share. Investors eagerly await the outcome to ascertain their share allocation, which will be determined based on the basis of allotment. This information will also reveal the number of shares allotted to each applicant.

Applicants can access the IPO allotment status of Exicom Tele-Services on the BSE website or via the website of the IPO registrar, Link Intime India.

On the final day of the IPO subscription period, Exicom Tele-Systems witnessed an exceptional response, with a subscription rate of 128.89 times. The IPO garnered bids for 234.88 crore equity shares against the offering of 1.82 crore shares. 

Notably, all investor segments demonstrated robust participation, with the qualified institutional buyer portion subscribed 121.80 times, the non-institutional investors portion subscribed 152.84 times, and the retail portion subscribed 116.35 times.