The IPO of Noida-based Exato Technologies Ltd. closed today, marking the final opportunity for investors to subscribe to the issue. The SME IPO has garnered significant attention, driven by robust subscription figures and a soaring grey market premium (GMP).
The initial public offering (IPO) witnessed an overwhelming response, with a subscription rate of 308.57 times by the end of the final day. According to data from December 2, 2025, the public issue was subscribed 500.10 times in the individual investors category, 18.20 times in the QIB (Ex Anchor) category, and an impressive 629.66 times in the NII category.
The Grey Market Premium (GMP) for Exato Technologies IPO has surged, indicating strong investor confidence. Today, the GMP hit ₹150, which translates to unlisted shares trading at ₹290 in the private market. This signals a potential listing gain of 107.14% for investors. The GMP has seen a substantial increase from ₹75 since the IPO opened, reflecting growing market enthusiasm.
Exato Technologies' IPO comprises a fresh issue of 0.23 crore shares aggregating to ₹31.85 crores and an offer for sale of 0.04 crore shares aggregating to ₹5.60 crores. The issue is priced at ₹140 per share, with a face value of ₹10. Retail investors were required to apply for a minimum of 2,000 shares, amounting to an investment of ₹280,000.
The IPO opened on November 28, 2025, with the price band fixed at ₹133 to ₹140 per share. The overwhelming subscription levels suggest strong investor belief in Exato Technologies' business model and future prospects. The company intends to list on BSE SME.
Exato Technologies, founded in 2016, offers AI automation, digital transformation, customer experience management, and cloud services across various sectors. The company creates smart and scalable solutions utilizing automation, artificial intelligence (AI), and cloud platforms to improve customer services. With a team of over 60 engineers in India, Exato serves clients both domestically and internationally, including the USA and Singapore. Key clients include MakeMyTrip, RBL Bank, IGT Solutions Pvt. Ltd., IKS, and WNS.
The IPO's strong performance is further bolstered by the backing of renowned investor Vijay Kishanlal Kedia, who holds a 4.50% pre-IPO stake in the company.
The allotment for the Exato Technologies IPO is expected to be finalized on December 3, 2025. Investors can check their allotment status on the websites of BSE and Kfin Technologies. The shares are expected to be listed on the BSE SME platform on December 5, 2025.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager for the IPO, while Kfin Technologies Ltd. is the registrar. Giriraj Stock Broking Pvt. Ltd. is the market maker for the issue.
Exato Technologies has demonstrated consistent financial performance, with revenue growing approximately 70% over the past three years. EBITDA margins have doubled since FY2023, showcasing strong operational leverage. The company also boasts a healthy debt-equity ratio below 1.
