Shardul Amarchand Mangaldas & Co. Advised on the IPO of Exicom Tele-Systems valued at ₹ 428.99 Crore
Shardul Amarchand Mangaldas & Co. advised on the IPO of Exicom Tele-Systems Limited, valued at to ₹ 428.99 crore (USD 51.73 million), which is the first listing by an Indian EV charging infrastructure player on the main board.
The IPO was oversubscribed in all categories, being subscribed over 79 times overall, with the retail category subscribed over 127 times; non-institutional category subscribed over 152 times and 165 times in relation to non-institutional investors investing up to ₹ 0.1 million and above ₹ 0.1 million, respectively; and the qualified institutional buyer category subscribed over 124 times.
Shardul Amarchand Mangaldas & Co. acted as the sole Indian legal counsel to the IPO, representing Exicom Tele-Systems Limited and the promoter selling shareholder (NextWave Communications Private Limited), as well as the book running lead managers (Monarch Networth Capital Limited, Unistone Capital Private Limited and Systematix Corporate Services Limited).
Shardul Amarchand Mangaldas & Co. acted as the legal counsel to the pre-IPO placement undertaken by the Company.
Shardul Amarchand Mangaldas & Co IPO team comprised Prashant Gupta, Partner, National Practice Head – Capital Markets; Abhiroop A. Datta – Partner; Sanjana Chowdhary – Senior Associate; and Anjanesh Vatsa, Jayant Saxena and Jheel Bhargava – Associates.
The pre-IPO placement team comprised Arvind Sharma – Partner; Ananda Malhotra – Partner; and Ishani Chopra, Aditya Sinha and Aritro Gon – Associates.