Exicom Tele-Systems Limited, shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Tuesday, 27th February, 2024. The Total Offer Size comprises of fresh issue of Equity Shares aggregating up to Rs 329 crore and Offer for Sale up to 7,042,200 Equity Shares.

The Price Band of the Offer has been fixed at Rs 135 to Rs 142 Per Equity Share. Bids can be made for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter.

The Anchor Investor Bidding Date shall be Monday, 26th January, 2024. The Bid/Offer will open Tuesday, 27th February, 2024 for subscription and close on Thursday, 29th February, 2024.

The Company proposes to utilize net proceeds from fresh issue of Equity Shares towards funding – (i) Part-financing the cost towards setting up of production/assembly lines at the planned manufacturing facility in Telangana amounting to Rs 145.72 crore; (ii) Repayment/pre-payment, in part or full of certain borrowings of our Company amounting to Rs 50.29 crore; (iii) Part-funding incremental working capital requirements amounting to Rs 69 crore; (iv) Investment in R&D and product development amounting to Rs 40 crore; and (v) balance amount for general corporate purposes.

The Offer for Sale comprises of up to 7,042,200 Equity Shares by NextWave Communications Private Limited. The Equity Shares are proposed to be listed on the BSE and NSE. For the purposes of the Offer, National Stock Exchange of India Limited is the Designated Stock Exchange.

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