Exato Technologies' IPO continues to garner significant investor interest as it enters its second day of subscription. The Grey Market Premium (GMP) has risen to ₹131, indicating a potential listing gain of 93.57%. The IPO has been subscribed 117.25 times so far.

Subscription Status

By today, December 1, 2025, the IPO has already witnessed overwhelming demand across all investor categories. The overall subscription stands at 97.39 times. The IPO has been subscribed 117.85 times in the individual investors category, 8.51 times in QIB (Ex Anchor), and 167.95 times in the NII category.

On its first day, November 28, 2025, the IPO was subscribed 34.52 times. Retail investors led the subscription with 46.86 times their portion being booked, followed by Non-Institutional Buyers (NIIs) at 40.78 times.

Grey Market Premium (GMP)

The grey market premium (GMP) for Exato Technologies IPO has seen a notable surge. The GMP reached ₹131 on December 1, 2025, marking a high from a low of ₹75 on November 26, 2025. This GMP suggests that the unlisted shares of Exato Technologies were trading at ₹271 in the private market, implying a potential listing gain of 93.57%. Market participants consider GMP as an indicator of expected listing performance, though it's not an official metric.

IPO Details

Exato Technologies' IPO is a SME IPO consisting of 26,75,000 equity shares with a face value of ₹10, aggregating up to ₹37.45 crores. The issue is priced at ₹140 per share. The IPO opened on November 28, 2025, and will close on December 2, 2025. The allotment is expected to be finalized on December 3, 2025, with a tentative listing date on BSE SME fixed for December 5, 2025.

The IPO comprises a fresh issue of 22,75,000 shares and an offer for sale (OFS) of 4,00,000 shares. The company intends to utilize the net proceeds from the fresh issue for funding working capital requirements, investing in product development, repaying/prepaying certain borrowings, and general corporate purposes.

Anchor Investors

Prior to the IPO opening, Exato Technologies raised ₹10.65 crore from anchor investors by allocating 7,61,000 shares at ₹140 per share. The anchor investors included Nine Alps Trust – Nine Alps Opportunity Fund, Vira AIF Trust – Vira Bharat Opportunities Fund, and Vikasa India EIF I Fund Incube Global Opportunities.

Reservation

The IPO has reserved 12,69,000 shares (47.44%) for QIBs, 8,90,000 shares (33.27%) for Retail investors, and 3,82,000 shares (14.28%) for NIIs.

About Exato Technologies

Exato Technologies is positioned as a preferred partner for CXaaS (Customer Experience as a Service) and AaaS (Analytics as a Service) solutions and services. It is also a NICE Ltd.'s Platinum Partner in South Asia and the Middle East regions.

Important Considerations

While the GMP and subscription numbers indicate strong investor confidence, potential investors should consider all factors and risks involved before making an investment decision. The grey market premium is subject to volatility and should not be the sole basis for investment decisions.