Exicom Tele-Systems shares closed with a 61% premium on their market debut, exceeding the IPO price of Rs 142. The EV charger maker's strong performance reflects investor confidence in the company.

Exicom Tele-Systems shares listed with a huge premium of nearly 87% on Tuesday, exceeding the issue price of Rs 142. The stock soared on both BSE and NSE.

Exicom Tele-Systems IPO, an EV charger maker, was oversubscribed 129.52 times on the last day. The IPO received bids for 2,36,03,94,900 shares against 1,82,23,540 shares on offer.

Exicom Tele-Systems IPO, an EV charger maker, received 27.76 times subscription on the second day of bidding. The IPO got fully subscribed within hours of opening on Tuesday.

Exicom Tele-Systems IPO, offering EV chargers, received bids for 10 times the shares on offer on the first day. Retail investors showed strong interest with 27.11 times subscription.

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Mahindra Logistics Ltd (MLL) reported a 55% decline in standalone profit to Rs 10.15 crore in the April-June quarter due to higher startup costs and expenses.

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