Exicom is planning to deepen its presence in key international markets such as the United States, Europe and Australia.
Exicom share price: The stock had made bumper market debut in March last year, listing at 87% premium to IPO price.
While its EV charger segment generated positive revenue growth in Q3, its critical power segment saw a strong decline.
Exicom Tele-Systems IPO: The offer comprises a fresh issue of shares worth Rs 329 crore and an offer-for-sale (OFS) of 70.42 lakh shares, worth Rs 100 crore, at the upper price band
Exicom Tele-Systems IPO: The offer comprises a fresh issue of shares worth Rs 329 crore and an offer-for-sale of 70.42 lakh shares worth Rs 100 crore
The company lacks competitive advantage and its financial performance is lacklustre
The company expects further expansion, aligning with the projected 50-60 percent CAGR in the EV charging market over the next four years
Exicom Tele-Systems' IPO: The public offer comprises a fresh issue of shares worth Rs 329 crore and an offer-for-sale of 70.42 lakh shares
Brokers say the buying interest in the stock could also be because of the stake it holds in group company Exicom, which will be going public shortly.