The Initial Public Offering (IPO) of Exato Technologies Ltd opened on Friday and is seeing its final day of bidding today, Monday, December 1, 2025.
The Rs 37.5-crore BSE SME IPO will close at 5:00 pm.
As of 12:20 pm today, the IPO has received an overwhelming 530.92 times subscription, with bids for 94,50,37,000 shares against the 17,80,000 shares on offer.
Retail investors contributed a 671.10x subscription.
Non-institutional investors (NII) saw an 861.98x subscription.
Qualified Institutional Buyers (QIBs) subscribed 36.38x.
Exato IPO Grey Market Premium (GMP)
According to market observers, unlisted shares of Exato Technologies are trading at around Rs 290 each in the grey market, compared to the IPO upper price of Rs 140.
This gives a grey market premium (GMP) of 107%, indicating a likely blockbuster listing.
For context, the GMP was 93.57% on Monday, showing a strong upward trend.
The GMP reflects investors’ willingness to pay more than the IPO price based on market sentiment.
The IPO price band is set at Rs 133-140 per share.
Allotment and Listing Dates
IPO bidding closes: December 2, 2025
Allotment finalised: December 3, 2025
Listing on BSE SME platform: December 5, 2025
IPO Details
Exato Technologies IPO is a book-built issue worth Rs 37.45 crore, consisting of:
Fresh issue: 0.23 crore shares worth Rs 31.85 crore
Offer for sale: 0.04 crore shares worth Rs 5.60 crore
Lot size: 1,000 shares
Retail investors: Minimum investment Rs 2,80,000 (2 lots at upper band)
HNIs: Minimum investment Rs 4,20,000 (3 lots)
The book-running lead manager is GYR Capital Advisors Pvt. Ltd., registrar is Kfin Technologies Ltd., and market maker is Giriraj Stock Broking Pvt. Ltd.
Company Overview
Founded in 2016, Exato Technologies positions itself as a customer transformation partner, offering technology-driven solutions to improve customer engagement and operational efficiency.
Its services include:
CX and analytics
Unified communications and infrastructure
Proprietary platform Exato IQ
The company serves clients in BFSI, healthcare, retail, telecom, manufacturing, IT/ITeS, and BPO/KPO sectors, using AI, automation, and cloud technologies to deliver scalable and intelligent customer service solutions.
Financially, Exato Technologies reported a 10% rise in revenue and an 84% jump in profit after tax between FY24 and FY25.
