Exicom Tele-Systems IPO Allotment: Check Your Application Status, Latest GMP and Listing Date

Exicom Tele-Systems’ IPO, which ran from February 27 to February 29, raised a total of Rs 429 crore. The company sold its IPO shares at a price range of Rs 142 to Rs 145 per share.


Exicom Tele-Systems IPO

The allotment of the Exicom Tele-Systems IPO will be finalized today, March 1. Shivam has no idea how to check the allotment status. He applied for the IPO for the first time on the advice of his friend Darshan. So, he is at Darshan’s home, and Darshan is explaining to him how to check Exicom Tele-Systems IPO allotment status. 

Shivam: Did you check your allotment status?

 Darshan: No, I was reading some information.

Shivam: Which information?

Darshan: subscription information like how many times IPO has been subscribed and when we will get a refund if we don’t receive an allotment.

Shivam: So, how many times has the Exicom Tele-Systems IPO been subscribed?

Darshan: It has been subscribed to 129.54 times, of which 119.59 times are for the retail portion. If we don’t get an allotment, the refund process will start on March 4, and the listing will be on March 5. And Exicom Tele-Systems raised a total of Rs 429 crore from its IPO, which included Rs 329 crore from a fresh share sale and an offer-for-sale (OFS) of up to 70.42 lakh equity shares.

Shivam: Okay, now let’s check the Exicom Tele-Systems IPO’s allotment status. Where can we check it?

Darshan: There are some websites, but we check them on the Exicom Tele-Systems IPO registrar portal. It will take you to Exicom Tele-Systems IPO’s registrar’s website. Choose IPO in the Dropbox.

Shivam: It shows three options. The first one is the application number; the second is the demat account; and the third is the PAN.

Darshan: Choose whatever you remember right now.

Shivam: okay. I am choosing the PAN number. 

Darshan: Now, choose ASBA under the application type.

 Shivam: I did. There is Captcha; I am filling it. It is complete. Should I submit it now?

Darshan: Yes, submit it. 

 Shivam: Hey, there is an error.

Darshan: Yeah, in mine too. We have to go on the Bombay Stock Exchange (BSE) website.

Shivam: There are two options in ‘issue type’.

Darshan: Select ‘Equity’ and then select the Tele-Systems IPO under that. Add your PAN number. and click on ‘I am not a robot’, then submit it.

“You have not received allotment.” It shows. So, I have not received any shares. Shivam says it with disappointment.

Darshan said with excitement, Oh, I received the allotment.

 Shivam: good, congratulations. How will you get these allotted shares?

 Darshan: I will receive these shares in my Demat account on Monday, March 5.

Shivam: Nice, I will keep applying for an IPO. By the way, how does the listing occur?

Darshan: So Exicom Tele-Systems offered its IPO at a price range of Rs 142 to Rs 145 per share. So as per the article I read, the Grey Market Premium for the Exicom Tele-Systems IPO is +151, and the expected listing price is ₹293 per share. It means it can open at 106.34% higher than the IPO price. If that happened, I would get a 106.34% profit from the investment.

Shivam: Really? I’ll need a treat if that happens. And what is this Grey Market premium?

Darshan: obviously, I will give you a treat. The grey market is an unofficial market where IPO shares are traded before they are officially listed on the stock market. it represents the premium at which these shares are trading in the grey market.

Shivam: Okay, then let me know how much it goes up on listing day.

Darshan: sure.

Dear Readers,

Read our other blogs Vibhor Steel Tubes IPO

Read related blog from another website Exicom Tele Systems IPO allotment

FAQ

1. What was the price range of Exicom Tele-Systems’ IPO?

Exicom Tele-Systems’ IPO was priced between Rs 142 and Rs 145 per share.

2. How much did Exicom Tele-Systems raise from its IPO?

Exicom Tele-Systems raised a total of Rs 429 crore from its IPO, which included Rs 329 crore from a fresh share sale and an offer-for-sale (OFS) of up to 70.42 lakh equity shares.

3. When is the listing date for Exicom Tele-Systems IPO?

The listing date for Exicom Tele-Systems IPO is scheduled for March 5, 2024.

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