The maiden public difficulty includes a contemporary difficulty of fairness shares aggregating as much as Rs 329 crore and an Supply For Sale (OFS) element of as much as 70.42 lakh fairness shares by promoter NextWave Communications.
At current, NextWave Communications holds a 76.55 per cent stake within the firm, and HFCL, a part of the promoter group, owns a 7.74 per cent stake within the agency.
Total, promoters maintain a 93.28 per cent stake in Exicom Tele-Methods.
Proceeds of the contemporary difficulty will probably be used in direction of organising manufacturing traces on the manufacturing facility in Telangana, funding in R&D in addition to product growth, and fee of debt, to assist working capital necessities and for common company functions.
Exicom-Tele Methods is an influence administration options supplier and operates underneath two enterprise verticals — EV (Electrical Car) charger options enterprise and energy options enterprise. Within the EV charger enterprise, the corporate gives good charging programs with progressive expertise for residential, enterprise, and public charging use in India, and within the different vertical it designs, manufactures, and companies DC Energy Methods to ship total vitality administration at telecommunications websites and enterprise environments in India and abroad.
Monarch Networth Capital, Systematix Company Companies, and Unistone Capital are the book-running lead managers to the problem. The fairness shares are proposed to be listed on the BSE and NSE.
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