Exato Technologies IPO Creates Investor Frenzy on Debut
The initial public offering of Exato Technologies Limited made a spectacular debut in the stock markets on Friday, November 28, witnessing overwhelming response from investors right from the opening bell. The BSE SME IPO saw such strong buying interest that by noon on the very first day of subscription, it had been fully subscribed, indicating massive investor confidence in the company's prospects.
Subscription Numbers Tell the Story
By 1:10 PM on the opening day, the issue had recorded an impressive overall subscription of 23.74 times, showcasing the tremendous demand among market participants. Breaking down the subscription figures reveals even more interesting patterns. The retail investor segment demonstrated extraordinary enthusiasm, with their portion being booked 36.91 times, while the non-institutional investors (NIIs) category saw subscription levels reach 24.41 times. Interestingly, the qualified institutional buyers (QIBs) portion had not seen any subscription at that time, though this typically changes as the IPO period progresses.
IPO Structure and Financial Backing
The Exato Technologies IPO represents a combination of fresh issue and offer for sale components. The company is issuing 22,75,000 fresh shares while there's an offer for sale of 4,00,000 shares. Prior to the public opening, the company had already secured strong institutional backing by raising ₹10.65 crore from anchor investors. These anchor investors were allotted 7,61,000 shares at ₹140 per share, indicating early institutional confidence in the company's valuation and growth story.
Critical IPO Details Every Investor Should Know
The grey market premium (GMP) for Exato Technologies shares stands at ₹120, suggesting that the stock could potentially list at a premium of approximately 86% over the issue price. This substantial premium has been a key factor driving investor interest in the offering.
The IPO window remains open until Tuesday, December 2, giving investors adequate time to consider their investment decision. The company has fixed the price band at ₹133 to ₹140 per equity share, making it accessible to a wide range of investors.
Through the fresh issue component, Exato Technologies aims to raise ₹31.85 crore, which will be strategically deployed to meet working capital requirements, fund product development initiatives, repay certain borrowings, and support general corporate purposes.
Investment Accessibility and Allocation Strategy
Retail investors can participate by bidding for a minimum of 2,000 shares, with the same number representing the maximum bid limit for this category. The allocation strategy reveals that qualified institutional buyers get the largest share at 47.44% (12,69,000 shares) of the total issue. Retail investors come next with 33.27% (8,90,000 shares) allocation, while non-institutional investors have been reserved 14.28% (3,82,000 shares) of the net issue.
Important Dates and Business Fundamentals
Investors can expect the share allotment to be finalized on Wednesday, December 3. Successful applicants will receive shares in their demat accounts on Thursday, December 4, while unsuccessful bidders will get refunds on the same day. The company expects to list on the BSE SME platform on Friday, December 5, following SEBI's T+3 listing rule.
Exato Technologies operates in the high-growth technology services sector, offering customer experience-as-a-service (CXaaS) and AI-as-a-service solutions. The company helps organizations across multiple industries enhance customer engagement, streamline operations, and achieve measurable business outcomes.
The company serves key sectors including BFSI, healthcare, retail, telecom, manufacturing, and IT/ITeS and BPO/KPO industries, providing technology-enabled solutions tailored to specific business challenges.
Strong Financial Performance Track Record
Exato Technologies has demonstrated consistent financial growth, with profits increasing from ₹5.06 crore in FY23 to ₹5.31 crore in FY24, and further jumping to ₹9.75 crore in FY25. For the half year ended September 30, 2025, the company reported a profit of ₹7.26 crore, indicating sustained momentum.
Revenue growth has been equally impressive, with operational revenue climbing from ₹72.76 crore in FY23 to ₹113.91 crore in FY24, and reaching ₹124.23 crore in FY25. For the first half of FY26, the company has already generated ₹71.06 crore in revenue, positioning it for another strong financial year.
GYR Capital Advisors Pvt. Ltd. is serving as the book-running lead manager for the issue, while Kfin Technologies Ltd. is acting as the registrar, ensuring professional execution of the public offering process.
