Exicom Tele-Systems IPO

Exicom Tele-Systems Limited is an India-headquartered company that specializes in power management solutions with two key business segments, Critical Power Business and EV Charger Business. In the Critical Power Business, they design, manufacture, and service DC Power Systems and Li-ion energy storage solutions for telecommunication sites. Simultaneously, the EV Charger Business offers smart charging systems for residential, business, and public use in India.

The company operates with vertical integration, managing product development from concept to prototype testing. It has two dedicated R&D centres. Its product portfolio is manufactured in-house across three facilities in India, located in Solan, Himachal Pradesh, and Gurugram, Haryana. These facilities collectively have an annual capacity of 12,000 DC Power Systems, 44,400 AC chargers and DC fast chargers, with a total built-up area of 134,351.95 sq. ft.

Exicom Tele-Systems IPO Strengths

• The company is an established player with an early-mover-and-learner advantage in the Indian EV Charger market.
• It has domain experience and a diversified product portfolio.
• The company has vertically integrated operations, backed by manufacturing capabilities, a robust supply chain, and significant research and development activities.
• It focuses on product development and engineering capabilities.
• The company has a track record of long-standing relationships with an established customer base.
• Experienced and qualified leadership and management team.

Exicom Tele-Systems IPO Risks

• The company is dependent on a few customers for a major part of its revenues.
• It relies on global suppliers for the supply of raw materials.
• The revenue is highly dependent on operations from the Indian telecommunication sector.
• It has reported recorded operating losses in the past.
• Exposed to international sales and operations risks.
• It has reported negative cash flows in the past.