At the upper price band, the post issue implied market cap is around Rs 1,716 crore. Investors can make bids for 100 shares in one lot and in multiples thereafter.
Exicom Tele Systems will be offering 75 per cent of the net offering to the qualified institutional investors (QIBs). The quota reserved for non-institutional investors (NIIs) stands at 15 per cent.
Exicom Tele Systems IPO consists a fresh issue of equity shares totaling up to ₹329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares by promoter NextWave Communications.
The initial share sale will conclude on February 29 and the bidding for anchor investors will open for a day on February 26, according to the Red Herring Prospectus (RHP).