Exicom Tele-Systems IPO: Should you buy, hold, or sell the stock?

Ahead of the IPO, the company raised Rs 178 crore from anchor investors on February 26.

Investors who were allotted shares of Exicom Tele-Systems initial public offer (IPO) had a bright start to the day after the company made a stellar debut on the bourses, listing at Rs 265, commanding a premium of 87 percent over the issue price of Rs 142.

Confused if you should book profit, hold the stocks for more upside, or invest more into the counter? Here's what market experts suggest.

"We advise investors to hold the stock with a medium-to-long-term perspective," Dhruv Mudaraddi, research analyst at StoxBox, said. "We would attribute the strong listing to the company's position as a significant player within the global telecommunications power industry, poised to capitalise on the evolving landscape driven by smartphone adoption, 5G deployment, and the proliferation of Internet of Things (IoT) devices."

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Mudaraddi emphasised that ETL (Exicom Tele-Systems Limited) has set clear post-IPO objectives, including the setting up of production facilities, debt repayment, investment in R&D, and strengthening of working capital. This underscores the company's proactive strategy in addressing market demands and leveraging growth opportunities.

Amit Goel, co-founder and chief global strategist at Pace 360 has said that considering the rising opportunities and timely expansion, investors may find value in the IPO for medium-to-long-term rewards. The company is a first-mover in EV charging infra and power management solution provider. It has a 60 percent market share in the EV charging segment and is poised for bright prospects ahead with a shift from conventional fuel to EV vehicles globally.

Prashanth Tapse from Mehta Equities believes that investors should book profits and those who failed to get allotments can wait and watch for better opportunities.

The Gurugram-based EV charger manufacturer planned to raise Rs 429 crore through its first public issue. It had fresh shares of Rs 329 crore and an offer-for-sale (OFS) of 70.42 lakh shares at Rs 100 crore at the upper price band. The OFS involves the sale of shares by promoter NextWave Communication.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.