Exicom Tele-Systems ₹429 crore IPO s subscription window opened on Feb 27 and the offer was fully subscribed within hours, receiving 10.02 times subscription on the first day.
Entero Healthcare Solutions IPO has received observation letter from the market regulator on January 16, while the SEBI issued the said letter to Exicom Tele-Systems IPO, and Stallion India Fluorochemicals IPO on January 19
Exicom Tele-Systems IPO | If one considers the issue price of Rs 135 per share, at which the pre-IPO placement has been undertaken, then the fund raising via IPO (including pre-IPO placement) may be close to Rs 500 crore.
Exicom Tele-Systems IPO | The maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale component of up to 74 lakh equity shares by promoter NextWave Communications.