Exicom Tele-Systems shares make strong debut, 87% premium to IPO price

The shares of Exicom Tele-Systems made an impressive debut on Dalal Street, listing at a premium of nearly 87% to the IPO price on Tuesday, March 5.

The stock was listed at ₹264 on BSE, a premium of 86% over its issue price of ₹142 apiece. Similarly, the stock was listed at a premium of 86.62% on the given issue price at ₹265 on the NSE.

Ahead of the debut, Exicom shares were commanding a premium of ₹160 in the grey market, which is an unofficial ecosystem where shares start trading before the allotment in the IPO and until the listing day. Most investors track the grey market premium (GMP) to get an idea of the listing price. CNBCTV18