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<ul><li><keyword id="6455398" type="General" weightage="20" keywordseo="Exicom-Tele-Systems" source="Orion">Exicom Tele-Systems</keyword> is expected to announce its share allotment status on Friday, March 1.</li><li>The shares of Exicom Tele-Systems were subscribed 128.89 times.</li><li>The shares are expected to be listed on the stock exchanges on March 5.</li></ul> Gurgaon-based Exicom Tele-Systems Limited, which specialises in electric vehicle charging solutions, power systems and more is expected to announce the allotment status of its initial public offering (IPO) on Friday, March 1. The <keyword id="20710981" type="General" weightage="20" keywordseo="Exicom-Tele-Systems-IPO" source="Orion">Exicom Tele-Systems IPO</keyword> opened on February 27 and closed on February 29. The price band for the IPO was ₹135 to ₹142 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On the last day, the Exicom Tele-Systems IPO was subscribed 128.89 times, receiving bids for 234.88 crore equity shares against 1.82 crore shares on offer. While the qualified institutional buyer portion was subscribed 121.80 times, the non-institutional investors portion was subscribed 152.84 times. The retail portion also witnessed excellent participation and was subscribed 116.35 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Exicom Tele-Systems are currently commanding a grey market premium (GMP) of ₹170 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="20778537" type="General" weightage="20" keywordseo="Exicom-Tele-Systems-IPO-allotment" source="Orion">Exicom Tele-Systems IPO allotment</keyword> status, visit the registrar’s website<a href="https://linkintime.co.in/initial_offer/public-issues.html"> here</a>. </li><li>Click on ‘Select Company’ and then select ‘Exicom Tele-Systems’. </li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC. </li><li>Click on submit. </li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Exicom Tele-Systems IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>. </li><li>On the website, click on 'Equity' and then select ‘Exicom Tele-Systems’ from the dropdown menu. </li><li>Now, enter your application number and PAN. </li><li>Click on 'Search'. </li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Exicom Tele-Systems IPO listing date" comment="subhead" text="Exicom Tele-Systems IPO listing date">Exicom Tele-Systems IPO listing date</cmsannotation> The shares of Exicom Tele-Systems will be listed on the stock exchanges on March 5. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/oppo-f25-pro-with-a-32mp-selfie-camera-launched-starting-at-23999/articleshow/108102680.cms">Oppo F25 Pro with a 32MP selfie camera launched starting at ₹23,999</a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-march-2024/slidelist/108095936.cms">Upcoming cars launching in India in March 2024</a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-march-2024/slidelist/108090741.cms">Upcoming smartphones launching in India in March 2024</a>

Exicom Tele-Systems IPO allotment – How to check allotment, GMP, listing date and more

New Delhi, Shares of EV charger maker <keyword id="20832246" type="General" weightage="20" keywordseo="exicom-tele-systems-ltd" source="keywords">Exicom Tele-Systems Ltd</keyword> listed with a huge premium of nearly 87 per cent against the issue price of Rs 142 on Tuesday. The stock made its debut at Rs 264, rising sharply by 85.91 per cent from the issue price on the <keyword id="19895774" type="General" weightage="20" keywordseo="bse" source="keywords">BSE</keyword>. It later zoomed 93.27 per cent to Rs 274.45. It began the trade at Rs 265, up 86.61 per cent on the NSE. The company commanded a market valuation of Rs 2,857.50 crore. The <keyword id="19913114" type="General" weightage="20" keywordseo="initial-public-offering" source="keywords">Initial Public Offering</keyword> (IPO) of <keyword id="20670257" type="General" weightage="20" keywordseo="exicom-tele-systems" source="keywords">Exicom Tele-Systems</keyword> Ltd got subscribed a whopping 129.52 times on the last day of subscription on Thursday. The Rs 429 crore initial share sale had a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter <keyword id="20670993" type="General" weightage="20" keywordseo="nextwave-communications" source="keywords">NextWave Communications</keyword>. The IPO had a price range of Rs 135-142 a share. Exicom Tele-Systems is a power management solutions provider and operates under two business verticals -- EV (Electrical Vehicle) charger solutions business and power solutions business.

Exicom Tele-Systems' shares debut with nearly 87% premium

New Delhi, EV chargers maker Exicom Tele-Systems Ltd on Thursday said it has fixed a price band of Rs 135-142 per share for its Rs 429 crore <keyword id="19913114" type="General" weightage="20" keywordseo="initial-public-offering" source="keywords">Initial Public Offering</keyword> (<keyword id="19898327" type="General" weightage="20" keywordseo="ipo" source="keywords">IPO</keyword>). The initial share sale will be open for public subscription during February 27-29 and the bidding for anchor investors will open for a day on February 26, the company said. The maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter <keyword id="20670993" type="General" weightage="20" keywordseo="nextwave-communications" source="keywords">NextWave Communications</keyword>. At present, NextWave Communications holds a 76.55 per cent stake in the company and HFCL, part of the promoter group, owns 7.74 per cent shareholding. Overall, promoters hold 93.28 per cent stake in Exicom Tele-Systems. Proceeds of the fresh issue will be used towards setting up production lines at the manufacturing facility in Telangana, investment in R&amp;D as well as product development, and payment of debt to support working capital requirements and for general corporate purposes. At the upper end of the price band, the IPO is expected to fetch Rs 429 crore. Investors can bid for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter. Exicom Tele-Systems is a power management solutions provider and operates under two business verticals -- EV (electrical vehicle) charger solutions business and power solutions business. In the EV charger business, the company provides smart charging systems with innovative technology for residential, business, and public charging use in India and in the other vertical, it designs, manufactures and services DC Power Systems to deliver overall energy management at telecommunications sites and enterprise environments in India and overseas. Monarch Networth Capital, <keyword id="20688848" type="General" weightage="20" keywordseo="systematix-corporate-services" source="keywords">Systematix Corporate Services</keyword> and <keyword id="20688847" type="General" weightage="20" keywordseo="unistone-capital" source="keywords">Unistone Capital</keyword> are the book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and NSE.

Exicom Tele-Systems to raise ₹429 cr via IPO; sets price band at ₹135-142/share

<ul><li>The stock listed at ₹360, which is ₹41 below its issue price of ₹401.</li><li>Analysts had been worried that its listing would be affected by the small-cap stock crash.</li><li>The stock of J G Chemicals slipped 16% below the issue price on its debut on Wednesday. </li></ul>Rajkot-based namkeen maker <keyword id="20778208" type="General" weightage="20" keywordseo="gopal-snacks" source="keywords">Gopal Snacks</keyword> listed at a 10% discount to its issue price on Wednesday. The stock closed at ₹360, which is ₹41 below its issue price of ₹401. Its market capitalization is at ₹4,486 crore, as per the Bombay Stock Exchange. Gopal Snacks makes a wide variety of savoury snacks under the Gopal brand. Its portfolio has 84 products across 276 stock-keeping units. Low expectations and bad timing Analysts had been worried that the company’s listing would be affected by the small-cap stocks crash. Yesterday, the stock of J G Chemicals slipped 16% below the issue price on its debut, in line with a crash in the broader stock markets. “While considering subdued secondary market scenario and continued selling pressure seen in mid &amp; small caps spaces, Gopal may be the victim and listing can be on a flat to muted note,” said <keyword id="20226500" type="General" weightage="20" keywordseo="prashanth-tapse" source="keywords">Prashanth Tapse</keyword>, senior VP of research at Mehta Equities. Yet it has seen good subscription levels, and interest before the small stocks’ crash. A long-term prospect? The popular ghatia maker’s ₹650 crore initial public offer was subscribed nine times the shares on offer with good interest from institutional investors. It also raised ₹194 crore from anchor investors like DSP Mutual Fund, Quant Mutual Fund, IIFL Wealth &amp; Asset Management and more; ahead of the offer. “We believe this listing gives an opportunity to investors to accumulate the growth story for the long term. Hence, considering all the parameters we recommend allotted investors to ‘hold’ and those who missed and wish to add can accumulate it at any dip post listing for long-term perspective only," adds Tapse. The last few market debuts have given mixed <keyword id="428830" type="General" weightage="20" keywordseo="listing-gains" source="Orion">listing gains</keyword>, even ahead of the recent market correction. Here are the listing gains of the last few market debuts. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">J G Chemicals </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Highways InVit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">R K Swamy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mukka Proteins </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">57% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Exicom Tele-Systems </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Company overview Apart from ethnic snacks like namkeen and gathiya, Gopal Snacks also makes wafers, extruder snacks and snack pellets. It also manufactures other semi-perishable FMCG products like papad, spices, gram flour or besan, noodles, rusk and <keyword id="20952019" type="General" weightage="20" keywordseo="soan-papdi" source="keywords">soan papdi</keyword>. Its products are sold across 523 locations in ten states and two union territories. Gopal Snacks distribution network comprises three depots and 617 distributors. It operates six manufacturing facilities in India, two of the three primary manufacturing facilities located in Rajkot and Modasa in Gujarat and one in Nagpur, Maharashtra. It also has three ancillary manufacturing facilities located in Rajkot and Modasa. “Gopal Snacks enjoys a 31% share in the gathiya sub-segment within ethnic namkeens with eight varieties of gathiya. It is the second-largest ethnic snack manufacturer in competitive Gujarat and the fourth largest in India,” said <keyword id="20548750" type="General" weightage="20" keywordseo="anand-rathi" source="keywords">Anand Rathi</keyword> in its IPO note.

Bad timing? Gopal Snacks slips 10% below  issue price on debut day

New Delhi, Nov 18 () Mobility start-up Bounce on Monday said it has tied-up with Exicom Tele-systems to foray into electric segment.
 Bounce is currently piloting with a few thousand scooters in Bengaluru and is looking to ramp up supply in the next 12 months.
 The company provides last mile connectivity via dockless scooters where users are allowed to pick up and drop a scooter at their place of convenience.
 "India is at the cusp of an electric mobility revolution and we at Bounce believe that we are in a position to accelerate these changes. We believe that electric mobility will take off first with shared mobility," Bounce CEO Vivekananda Hallekere said in a statement.
 Exicom Managing Director Anant Nahata said the company is delighted to support Bounce on this electrification journey by providing most advanced lithium-ion battery and efficient charging solutions.
 "This is the largest deployment of electric two-wheeler vehicles in shared mobility space in India and hope this is first of many steps in our goal of achieving emission free and clean mobility," he added.
 Within 10 months of launching services in Bengaluru, Bounce has completed over 5 million rides, covering 30 million km.
 Exicom has been present in power electronics and energy systems market for over two decades and now enjoys a leading position in EV ecosystem solutions as well. MSS 
RVK

Mobility start-up Bounce joins hands with Exicom Tele-systems for electric foray

<ul><li><keyword id="11265920" type="UNKNOWN" weightage="20" keywordseo="Krsnaa-Diagnostics-IPO">Krsnaa Diagnostics IPO</keyword> opens on August 4 and closes on August 6.</li><li>Demat account, trading application and UPI ID are mandatory if you are applying for an initial public offering (IPO).</li><li>Krsnaa Diagnostics is looking to raise ₹1,213 crore at the upper price band of ₹ 954 per share.</li></ul>Another initial public offering (IPO) in line this week is of Krsnaa Diagnostics, one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging (including radiology), pathology/clinical laboratory and tele-radiology services to public and private hospitals, medical colleges and community health centres across India. It is looking to raise ₹1,213 crore at the higher end of the price band of ₹933-954 per share. Here is a guide on how to apply for IPOs easily. Firstly, to invest in an IPOs, you need to apply to buy a ‘lot of shares’ from the market. The bidding for these IPOs is usually open for three days particularly during market hours. For Krsnaa Diagnostics IPO the bidding will open on August 4 and close on August 6. A Demat account, a trading application like Zerodha, Angel Broking etc and UPI ID on BHIM app are necessary if you want to invest conveniently in an IPO. Unified payment interface (UPI) is a banking system for money transfers on payment apps like Google Pay, PhonePe and so on. One of the simplest ways to track IPOs and invest in them is through trading platforms. Here’s how you can do it through Zerodha’s Kite application, which is meant for trading stocks and commodities. <ul><li>Login to the mobile app and select the IPO option under the console. If you’re logging in through desktop, then go to console -- portfolio -- IPO.</li><li>You will find a list of IPOs that are open for investment. Select the IPO you want to invest in.</li><li>Enter your UPI ID from the BHIM app. Ensure your UPI ID is mapped to your personal bank account.</li><li>Enter the lot size (number of shares required to buy in one lot) announced by the company.</li><li>Tick on the cut off price for more chances of allotment of shares as it indicates investor’s willingness to subscribe to shares at any price discovered within the price band. Cut off price is the issue price.</li><li>Retail investors can bid for a maximum of three lots.</li><li>After this step, click on the check box to confirm and submit.</li><li>The last step is to accept the mandate request for proceeding with IPO on your BHIM UPI app. Once you accept the mandate, the amount of funds for IPO will be blocked till the allotment.</li><li>Now wait till the allotment date of shares to see if you have received the lot size you bid for.</li></ul>If you have invested through broking firm like Upstox, here are the 5 simple steps to invest in an IPO: Step 1: Login to the Upstox application or website with your credentials. Step 2: Select the IPO that you want to invest in and create an IPO application. Step 3: Add up to 3 bids within the price range. Step 4: Confirm your application. Step 5: Accept the UPI mandate and block funds on your mobile UPI app Another way to invest is through your bank. This option is generally available between 5 a.m. and 11 a.m. on the bank’s website. Here’s how to do it: <ul><li>Log in to your bank’s net banking account.</li><li>Go to the investment section and select the IPO option.</li><li>Fill your investment and bank account details to complete the verification process.</li><li>Later select the IPO you want to apply for.</li><li>Enter the number of shares and bid price.</li><li>Read and accept ‘terms and conditions’ documents.</li><li>Submit your application.</li></ul>SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/adani-ports-shows-a-record-quarterly-volume-growth-while-the-shares-have-already-run-up-over-7-in-last-5-days/articleshow/85005554.cms">Adani Ports shows a record quarterly volume growth while the shares have already run up over 7% in last 5 days </a><a href="https://www.businessinsider.in/stock-market/news/heres-why-nifty-broke-the-16000-barrier/articleshow/85004061.cms">Here’s why Nifty broke the 16,000 barrier ⁠— Titan, HDFC, Nestle and Ultratech tell the story of the euphoria in the Indian stock market </a>

Krsnaa Diagnostics IPO opens—here is all you need to know

<ul><li>The stock closed at ₹184, falling ₹36 below its issue price of ₹221.</li><li>The market cap of the company is at ₹723 crore, according to the BSE</li></ul>Zinc Oxide maker <keyword id="20938518" type="General" weightage="20" keywordseo="j-g-chemicals" source="keywords">J G Chemicals</keyword> fell sharply by 16.4% below its issue price as it made its debut on the stock exchanges on Wednesday. While the grey market was expecting a mere 2% listing gains from the stock, it disappointed it by listing at a sharp discount to its offer price. The stock closed at ₹184 as compared to its issue price of ₹221. The market cap of the company is at ₹723 crore, according to the <keyword id="19911480" type="General" weightage="20" keywordseo="bombay-stock-exchange" source="keywords">Bombay Stock Exchange</keyword>. The Andhra Pradesh-based company is India’s largest zinc oxide maker, with a 30% market share in the domestic market. Its ₹251 crore initial public offer (IPO) was subscribed 28 times the shares on offer with good interest from institutional as well as retail investors. It has raised ₹75.35 crore from anchor investors ahead of opening its issue to the public. The listing gains offered by recent market debuts have been mixed, with a few zooming ahead and others also listing at a discount. Here are the listing gains of the last few market debuts. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Highways InVit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">R K Swamy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mukka Proteins </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">57% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Exicom Tele-Systems </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> J <keyword id="20938519" type="General" weightage="20" keywordseo="g-chemicals" source="keywords">G Chemicals</keyword> IPO opened between March 5-7 with a price band of ₹210-221. The issue is a combination of a fresh issue and an offer for sale. The company intends to use proceeds from the fresh issue to invest in its subsidiary BDJ Oxides, loan payments and to set up an R&amp;D centre. It also intends to use the proceeds to fund long-term working capital requirements of the parent company as well as the subsidiary; in addition to general corporate purposes. Apart from a large domestic market, J G Chemicals serves 50 global customers across 10 countries. It offers 80 grades of products and can serve a diverse set of industries like rubber, ceramics, paints, pharmaceuticals, animal feed and more. The company currently operates on a total capacity of 77,040 million tonnes per annum including recent capacity expansions at the Naidupeta facility of 36,960 MTPA. The facilities have an average utilisation of 65%. It also intends to establish a greenfield manufacturing facility in Gujarat to cater to the ceramics industry. “Currently, 90.5% of revenue comes from the tyre and rubber industry with 76% of total revenue coming from top 10 customers. The company’s sales have grown at 13.32% compounded annual growth rate (CAGR) in the last 5 years,” says an IPO note by <keyword id="20596965" type="General" weightage="20" keywordseo="arihant-capital" source="keywords">Arihant Capital</keyword>.

J G Chemicals slips 16% below its issue price on debut day

New Delhi, Nov 29 () MG Motor India on Friday said it has partnered with battery life-cycle management firm Umicore for recycling end-of-life batteries of its upcoming electric SUV ZS EV.
 The partnership will allow end-of-life ZS EV batteries to be recycled, thus ensuring greater peace of mind to MG customers about their ecological footprint, the company said in a statement.
 "Our partnership with Umicore focuses on end-of-life applications for used EV battery packs and ensures that exhausted battery packs of MG ZS EV are recycled in keeping with the global best standards, to ensure environment-friendly battery disposal," MG Motor India Chief Commercial Officer Gaurav Gupta said.
 Over the past few months, the company has worked towards creating the right ecosystem for its customers ahead of the launch of the ZS EV, including charging infrastructure, he added.
 Umicore India Country General Manager and spokesperson Kedar Rele said MG is addressing concerns about the disposal of end-of-life EV batteries for recycling.
 The company will offer its 'closed loop' sustainable recycling solution that ensures minimal waste and impact on the environment.
 "This is vital to the commitment of facilitating EV adoption and catalysing India's nascent EV revolution," Kele added.
 Earlier this week, MG Motor India had announced similar partnership with Exicom Tele-Systems for recycling of used batteries of SUV ZS EV. RKL RKL HRS

You Searched For "Exicom Tele Systems IPO" and got 9 results

Exicom Tele-Systems IPO allotment – How to check allotment, GMP, listing date and more

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Exicom Tele-Systems' shares debut with nearly 87% premium

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Exicom Tele-Systems to raise ₹429 cr via IPO; sets price band at ₹135-142/share

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Bad timing? Gopal Snacks slips 10% below issue price on debut day

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Mobility start-up Bounce joins hands with Exicom Tele-systems for electric foray

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Krsnaa Diagnostics IPO opens—here is all you need to know

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J G Chemicals slips 16% below its issue price on debut day

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MG Motor India partners Umicore for recycling batteries of upcoming electric SUV ZS EV

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