Exato Technologies IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 28 to Dec 02 2025
Price Band
₹133 - 140
Current GMP
₹266.0 (+90%)
Subscription
947.21 times
IPO Details
| IPO Date | November 28, 2025 to December 2, 2025 |
| Listing Date | December 5, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 26,75,000 shares (aggregating up to ₹37.45 Cr) |
| Reserved for Market Maker | 1,34,000 shares (aggregating up to ₹1.88 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 21,41,000 shares (aggregating up to ₹29.97 Cr) |
| Offer for Sale | 4,00,000 shares of ₹10 (aggregating up to ₹5.60 Cr) |
| Net Offered to Public | 25,41,000 shares (aggregating up to ₹35.57 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 77,90,371 shares |
| Share Holding Post Issue | 1,00,65,371 shares |
IPO Date
November 28, 2025 to December 2, 2025
Listing Date
December 5, 2025
Face Value
₹10 per share
Issue Price Band
₹133 to ₹140 per share
Issue Price Final
₹140 per share
Lot Size
1,000 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
26,75,000 shares (aggregating up to ₹37.45 Cr)
Reserved for Market Maker
1,34,000 shares (aggregating up to ₹1.88 Cr)Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
21,41,000 shares (aggregating up to ₹29.97 Cr)
Offer for Sale
4,00,000 shares of ₹10 (aggregating up to ₹5.60 Cr)
Net Offered to Public
25,41,000 shares (aggregating up to ₹35.57 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
77,90,371 shares
Share Holding Post Issue
1,00,65,371 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 327.08 |
| Non-Institutional Buyers*** | 1,488.72 |
| bNII (bids above ₹10L) | 1,716.64 |
| sNII (bids below ₹10L) | 1,036.44 |
| Individual Investors (IND category bidding for 2 Lots) | 1,068.74 |
| Total ** | 947.21 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
327.08
Non-Institutional Buyers***
1,488.72
bNII (bids above ₹10L)
1,716.64
sNII (bids below ₹10L)
1,036.44
Individual Investors (IND category bidding for 2 Lots)
1,068.74
Total **
947.21
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 28, 2025 | 8.22 | 81.24 | 84.64 | 74.49 | 75.73 | 57.65 |
| Day 2 Dec 1, 2025 | 13.24 | 467.29 | 519.55 | 363.58 | 391.68 | 299.90 |
| Day 3 Dec 2, 2025 | 327.08 | 1,488.72 | 1,716.64 | 1,036.44 | 1,068.74 | 947.21 |
DayDay 1
Nov 28, 2025
QIB (Ex Anchor)8.22
NII*81.24
NII (> ₹10L)84.64
NII (< ₹10L)74.49
Individual Investors75.73
Total57.65
DayDay 2
Dec 1, 2025
QIB (Ex Anchor)13.24
NII*467.29
NII (> ₹10L)519.55
NII (< ₹10L)363.58
Individual Investors391.68
Total299.90
DayDay 3
Dec 2, 2025
QIB (Ex Anchor)327.08
NII*1,488.72
NII (> ₹10L)1,716.64
NII (< ₹10L)1,036.44
Individual Investors1,068.74
Total947.21
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 05-12-2025 | 140.00 | 177(126.43%) | 317 |
| 04-12-2025 | 140.00 | 177(126.43%) | 317 |
| 03-12-2025 | 140.00 | 175(125.00%) | 315 |
| 02-12-2025 | 140.00 | 175(125.00%) | 315 |
| 01-12-2025 | 140.00 | 150(107.14%) | 290 |
| 30-11-2025 | 140.00 | 131(93.57%) | 271 |
| 29-11-2025 | 140.00 | 131(93.57%) | 271 |
| 28-11-2025 | 140.00 | 125(89.29%) | 265 |
| 27-11-2025 | 140.00 | 116(82.86%) | 256 |
| 26-11-2025 | 140.00 | 95(67.86%) | 235 |
| 25-11-2025 | 140.00 | 75(53.57%) | 215 |
| 24-11-2025 | 140.00 | 80(57.14%) | 220 |
Date05-12-2025
Price140.00
GMP177(126.43%)
Estimate List Price317
Date04-12-2025
Price140.00
GMP177(126.43%)
Estimate List Price317
Date03-12-2025
Price140.00
GMP175(125.00%)
Estimate List Price315
Date02-12-2025
Price140.00
GMP175(125.00%)
Estimate List Price315
Date01-12-2025
Price140.00
GMP150(107.14%)
Estimate List Price290
Date30-11-2025
Price140.00
GMP131(93.57%)
Estimate List Price271
Date29-11-2025
Price140.00
GMP131(93.57%)
Estimate List Price271
Date28-11-2025
Price140.00
GMP125(89.29%)
Estimate List Price265
Date27-11-2025
Price140.00
GMP116(82.86%)
Estimate List Price256
Date26-11-2025
Price140.00
GMP95(67.86%)
Estimate List Price235
Date25-11-2025
Price140.00
GMP75(53.57%)
Estimate List Price215
Date24-11-2025
Price140.00
GMP80(57.14%)
Estimate List Price220
IPO Important Dates
| IPO Open Date | Fri, Nov 28, 2025 |
| IPO Close Date | Tue, Dec 2, 2025 |
| Tentative Allotment | Wed, Dec 3, 2025 |
| Initiation of Refunds | Thu, Dec 4, 2025 |
| Credit of Shares to Demat | Thu, Dec 4, 2025 |
| Tentative Listing Date | Fri, Dec 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 2, 2025 |
IPO Open Date
Fri, Nov 28, 2025
IPO Close Date
Tue, Dec 2, 2025
Tentative Allotment
Wed, Dec 3, 2025
Initiation of Refunds
Thu, Dec 4, 2025
Credit of Shares to Demat
Thu, Dec 4, 2025
Tentative Listing Date
Fri, Dec 5, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Dec 2, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,80,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,80,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹4,20,000
ApplicationS-HNI (Max)
Lots7
Shares7,000
Amount₹9,80,000
ApplicationB-HNI (Min)
Lots8
Shares8,000
Amount₹11,20,000
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 99.22 | 95.16 | 54.48 |
| Total Income | 71.53 | 126.16 | 114.91 |
| Profit After Tax | 7.26 | 9.75 | 5.31 |
| EBITDA | 11.46 | 15.95 | 9.07 |
| Reserves and Surplus | 41.96 | 42.29 | 26.99 |
| Total Borrowing | 27.98 | 31.63 | 16.52 |
Period EndedPeriod Ended
30 Sep 202530 Sep 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Sep 202599.22
31 Mar 202595.16
31 Mar 202454.48
Period EndedTotal Income
30 Sep 202571.53
31 Mar 2025126.16
31 Mar 2024114.91
Period EndedProfit After Tax
30 Sep 20257.26
31 Mar 20259.75
31 Mar 20245.31
Period EndedEBITDA
30 Sep 202511.46
31 Mar 202515.95
31 Mar 20249.07
Period EndedReserves and Surplus
30 Sep 202541.96
31 Mar 202542.29
31 Mar 202426.99
Period EndedTotal Borrowing
30 Sep 202527.98
31 Mar 202531.63
31 Mar 202416.52
Key Performance Indicator
| ROE | 28.13 |
| ROCE | 26.38 |
| Debt/Equity | 0.75 |
| RoNW | 23.03 |
| PAT Margin | 7.85 |
| EBITDA Margin | 12.64 |
| Price to Book Value | 2.52 |
| Market Capitalization | 140.92 |
ROE
28.13
ROCE
26.38
Debt/Equity
0.75
RoNW
23.03
PAT Margin
7.85
EBITDA Margin
12.64
Price to Book Value
2.52
Market Capitalization
140.92
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Exato Technologies Ltd. | 13.87 | 13.87 | 55.60 | 23.03 | ||
| Black Box Limited | 12.16 | 12.11 | 44.80 | 45.99 | 26.99 | 12.64 |
Company NameExato Technologies Ltd.
EPS (Basic)13.87
EPS (Diluted)13.87
NAV (per share) (Rs)55.60
P/E (x)
RoNW (%)23.03
P/BV Ratio
Company NameBlack Box Limited
EPS (Basic)12.16
EPS (Diluted)12.11
NAV (per share) (Rs)44.80
P/E (x)45.99
RoNW (%)26.99
P/BV Ratio12.64
IPO Reservation
| Market Maker Shares Offered | 1,34,000 (5.01%) |
| QIB Shares Offered | 12,69,000 (47.44%) |
| − Anchor Investor Shares Offered | 7,61,000 (28.45%) |
| − QIB (Ex. Anchor) Shares Offered | 5,08,000 (18.99%) |
| NII (HNI) Shares Offered | 3,82,000 (14.28%) |
| − bNII > ₹10L | 2,54,000 (9.50%) |
| − sNII < ₹10L | 1,28,000 (4.79%) |
| Retail Shares Offered | 8,90,000 (33.27%) |
| Total Shares Offered | 26,75,000 (100.00%) |
Market Maker Shares Offered
1,34,000 (5.01%)
QIB Shares Offered
12,69,000 (47.44%)
− Anchor Investor Shares Offered
7,61,000 (28.45%)
− QIB (Ex. Anchor) Shares Offered
5,08,000 (18.99%)
NII (HNI) Shares Offered
3,82,000 (14.28%)
− bNII > ₹10L
2,54,000 (9.50%)
− sNII < ₹10L
1,28,000 (4.79%)
Retail Shares Offered
8,90,000 (33.27%)
Total Shares Offered
26,75,000 (100.00%)
Information about company
Incorporated in 2016, Exato Technologies Limited is a customer transformation partner providing technology-driven solutions that enhance customer engagement and operational efficiency.
The company offers broad range of services including CX and Analytics, Unified Communications and Infrastructure, and Exato IQ. It serves key sectors such as Banking, Financial Services and Insurance (BFSI), Healthcare, Retail, Telecom, Manufacturing, and IT/ITeS & BPO/KPO.
Exato Technologies develops intelligent and scalable solutions leveraging artificial intelligence (AI), automation, and cloud platforms to deliver smarter and faster customer service.
The company operates with a team of over 60 engineers in India and serves both domestic and international clients, including in the USA and Singapore, through global delivery partnerships.
The company works with prominent clients such as MakeMyTrip, RBL Bank, IGT Solutions Pvt. Ltd., IKS, and WNS, delivering customer experience solutions that are scalable, resilient, and outcome-driven.
Services Offerings:
CX & Analytics: The Customer Experience (CX) & Analytics Business Unit is dedicated to helping enterprises unlock growth by delivering seamless customer journeys and actionable intelligence.
Conversational AI- Conversations That Feel Right: design, build, and operate agent-less contact center solutions that enhance chatbot self-sufficiency, improve user experience, and lower costs.
Automation as a Service Work Smarter, Not Harder: They accelerate ordinary activities with cutting-edge automation techniques such as Robotic Process Automation (RPA). Whether automating finance, human resources, or customer workflows, they provide strategy, proof-of-concept, implementation, and continuing support to improve accuracy, productivity and business agility.
Workforce Management- Smarter Scheduling, Happier Teams: The products improve the way teams are scheduled, predicted, and managed, with comprehensive visibility into shifts, tasks and performance metrics, the customers can operate smoother operations, manage staffing more effectively, and increase worker satisfaction.
As of 31st October 2025, the company has 133 permanent employees.
Competitive Strengths:
Integrated Solutions: End-to-end services in AI, Automation, CXaaS & Cybersecurity.
Strong Partnerships: NICE Platinum Partner; tie-ups with Mitel, UiPath, Autonom8.
Long-Term ARR: 40%+ revenue from 5+ year contracts.
Domain Expertise: BFSI, healthcare, retail, telecom, IT/ITeS, manufacturing.
Experienced Leadership: Global CXO-level background (NICE, Wipro).
Objectives of IPO
The Company Exato Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding the working capital requirements of the company;
15.73
2
Investment in Product Development
6.80
3
Repayment/prepayment of all or certain of the borrowings availed of by the Company; and
2.53
4
General Corporate Purposes
4.68
Disclaimer
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