February 29 (Punjab Khabarnama): The company aims to raise ₹429 crore through the IPO.
The ₹429 crore initial public offering (IPO) of Exicom Tele-Systems closes on Thursday, after opening for subscription two days ago. On the final day of bidding, i.e., today, the grey market continues to remain ‘bullish’ regarding the Exicom Tele-Systems IPO, reported Mint, HT’s sister publication.
Exicom Tele-Systems IPO GMP today
On Thursday, the public issue’s grey market premium (GMP) is ₹179, as against ₹170 on the previous day.

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“The GMP has surged today despite sharp selling pressure in the secondary market on Wednesday. A strong response by the investors could be the possible reason for this bullish grey market sentiment,” Mint quoted market experts as saying.

Exicom Tele-Systems IPO subscription status
By 11:39 am on the third day of bidding, the public issue was booked 37.85 times, while the retail portion was subscribed 79.64 times. The non-institutional investors (NIIs) portion was booked 83.19 times, and the qualified institutional buyers (QIBs) segment, 4.58 times.

After the first two days, the IPO stood booked 27.78 times, retail portion 64.79 times, NII segment 54.39 times, and QIB section, 4.48 times.

Punjab Khabarnama

Punjab Khabarnama

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