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The IPO of Exicom Tele Systems received massive subscription and the shares are trading with a premium. Net proceeds will be used for production lines, debt repayment, and research and development.
The initial public offer (IPO) of Exicom Tele Systems was subscribed 38.43 times so far on Thursday, the final day of the bidding process.
Exicom Tele-Systems is selling its shares in the price band of Rs 135-142 apiece. Investors can apply for a minimum of 100 shares and its multiples thereafter.
The portion for non-institutional investors was booked 24.85 times while the qualified institutional buyers (QIB) quota was booked 0.74 times.
Exicom Tele-Systems is selling its shares in the price band of Rs 135-142 apiece. Investors can apply for a minimum of 100 shares and its multiples thereafter.