Exato Technologies IPO will issue 26,75,000 shares, amounting to ₹37.45 crore. The face value is ₹10 per share. The IPO bidding starts on November 28, 2025, and ends on December 2, 2025. The expected allotment date of shares is December 3, 2025, and will be listed on December 5, 2025. The IPO is a bookbuilding issue that is to be listed on the BSE SME.
The price band of Exato Technologies IPO is ₹133 to ₹140 per share. The lot size is 1,000 shares. The retail investors will have to apply for a minimum of 2 lots, making their investment ₹2,80,00. For sNII, the minimum investment amount is ₹4,20,000 for 3 lots, and bNIIs will have to invest ₹11,20,00 for 8 lots.
Exato Technologies IPO Details
The investors need to review the essential IPO details below:
| Particulars | Details |
| IPO bidding starts | November 28, 2025 |
| IPO bidding ends | December 2, 2025 |
| Face value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Issue price | |
| IPO Lot Size | 1,000 Shares |
| Offer for sale | 4,00,000 shares (₹5.60 crore) |
| Fresh issue | 21,41,000 shares (₹29.97 crore) |
| Issue Type | Bookbuilding |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | 26,75,000 shares (₹37.45 crore) |
| Net Offered to Public | 25,41,000 shares (₹35.57 crore) |
| Reserved for Market Maker | 1,34,000 shares (₹1.88 crore) |
| Minimum Investment | ₹2,80,000 |
Exato Technologies IPO Timeline
The following are key dates for this IPO:
| Particulars | Details |
| Bidding Opens | November 28, 2025 |
| Bidding Close | December 2, 2025 |
| Expected Allotment Date | December 3, 2025 |
| Start Of Refund Process | December 4, 2025 |
| Allotted Shares Credit to Demat | December 4, 2025 |
| Expected Listing Date | December 5, 2025 |
| UPI mandate cut-off time | 5 PM on December 2, 2025 |
Exato Technologies IPO DRHP Status
The DRHP status of the Exato Technologies IPO is given below:
| Filed with SEBI/Exchange | Filed with BSE SME |
| SEBI/Exchange approval | In-principle listing approval received on November 12, 2025 |
Exato Technologies’ IPO Grey Market Premium (GMP Today)
The Exato Technologies IPO GMP stands at ₹75 today, reflecting a good response from the market. The premium has fallen from ₹80 to ₹75 in the last two days (24 to 25 November 2025). Despite this, the listing price is significantly above the upper price band, meaning that the interested investor is still positive ahead of the listing.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 25-11-2025 | ₹75 | ₹215 | 53.57% | Declining |
| 24-11-2025 | ₹80 | ₹220 | 57.14% | – |
Note: The GMP values are sourced from the informal market and can change based on the subscription status and market interest.
What is the Exato Technologies IPO GMP percentage?
At a premium of ₹75, the GMP percentage for Exato Technologies IPO is around 57%. The listing price for this IPO is expected to be ₹215.
Exato Technologies IPO Reservation
The shares of this IPO are reserved for different investor categories in the following manner:
| Investor Category | Shares Offered |
| NII (HNI) Shares | 3,82,000 (14.28%) |
| QIB Shares | 12,69,000 (47.44%) |
| Market Maker Shares | 1,34,000 (5.01%) |
| Retail Shares | 8,90,000 (33.27%) |
| Total Shares | 26,75,000 (100.00%) |
Exato Technologies Key Performance Indicator
The Key Performance Indicators (KPIs) for Exato Technologies are:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE | 31.94% | 21.78% | 28.13% |
| ROCE | 21.28% | 23.16% | 26.38% |
| Debt Equity | 0.29 | 0.61 | 0.75 |
| RoNW | 23.29% | 19.64% | 23.03% |
| PAT Margin | 6.95% | 4.66% | 7.85% |
| EBITDA margin | 8.36% | 7.89% | 12.64% |
| Price Book Value | – | – | 2.52 |
Exato Technologies IPO Financials
The key financials of Exato Technologies are given below:
| Particulars (in ₹ lakh) | 2023 | 2024 | 2025 |
| Revenue | 7,313.11 | 11,490.78 | 12,616.06 |
| Total Asset | 3,451.36 | 5,448.06 | 9,516.80 |
| Profit | 505.78 | 530.56 | 974.84 |
Lot Size of Exato Technologies IPO
The investors can apply for the following lot sizes as per their category:
| Application | No. of Lots | No. of Shares | Amount |
| Individual investors (Retail) (Minimum) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Maximum) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Minimum) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Maximum) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Minimum) | 8 | 8,000 | ₹11,20,00 |
Exato Technologies IPO Promoter Holding
The promoter holding of Exato Technologies will change in the following manner:
| Pre-Issue Promoter Holding | 75.85% |
| Post-Issue Promoter Holding | – |
Exato Technologies IPO Anchor Investors Details
The anchor investors details of the Exato Technologies IPO are:
| Particulars | Details |
| Bidding Date | November 27, 2025 |
| Shares Offered | 7,61,000 |
| Portion Size | 10.65 crore |
| Lock-in date for 50% shares (30 days) | January 2, 2026 |
| Remaining shares lock-in (90 days) | March 3, 2026 |
Exato Technologies IPO Prospectus
You can go through the following documents for more information:
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | |
| Final Prospectus | Not Disclosed |
About Exato Technologies
Exato Technologies was founded in 2016 and is headquartered in Noida, Uttar Pradesh. Mr. Appuorv Kumar Sinha is the Managing Director. He and Mrs. Swati Sinha are the promoters of the company. The company specialises in software development, AI automation, and cloud solutions, serving different sectors like retail, manufacturing, healthcare, IT, and banking. It offers customised software solutions for domestic as well as international clients in the USA and Singapore.
Exato Technologies also operates in a competitive technology sector, where it faces industry peers like Blackbox, especially in IT services and digital transformation solutions. With a growing customer base and an easily scalable business model, Exato Technologies has improved its foothold across Indian and foreign markets.
| Founded in | 2016 |
| Headquarters | Noida |
| Managing Director | Appuorv Kumar Sinha |
| Book running lead manager | GYR Capital Advisors Pvt.Ltd. |
| Registrar of the issue | Kfin Technologies Ltd. |
Objectives of Exato Technologies IPO
The company will aim to achieve the following objectives with the raised capital:
| S.No. | Objectives | Amount (₹ in crores) |
| 1 | Working capital requirements | 15.73 |
| 2 | Investment in product development | 6.80 |
| 3 | Repayment or prepayment of loans | 2.53 |
| 4 | General corporate purposes |
Strength Of Exato Technologies
The key strengths behind the company’s growth and presence in the market are:
1. AI Integration
Exato Technologies combines AI, automation, and customer-experience tools into a single unified platform, which allows faster deployments, smoother workflows, and lower technology overhead.
2. Strong Alliances
The company is backed by a Platinum Partnership with NICE and collaborations with Mitel and Acumatica. It delivers advanced Contact Center as a Service (CCaaS), conversational AI, and cloud solutions.
3. Recurring Revenue
A rising Annual Recurring Revenue (ARR) share of 57% highlights strong client retention, predictable cash flows, and stability of business.
4. Scalable Business
The company runs on an asset-light cloud architecture that ensures secure, compliant, and high-availability operations, which enables the business to scale across various regions and industries without any major disruptions.
Risk of Exato Technologies
Despite its strengths, Exato Technologies has the following risks:
1. Customer Concentration
Few major clients make up a large share of the company’s revenue. Loss of even one of them can lead to a drop in the order volume, which could significantly affect revenue, cash flows, and overall business stability.
2. Rapid Technology Change
Exato Technologies operates in a fast-moving environment with domains like AI, cloud, and automation. If the company fails to upgrade platforms or keep up with the pace of emerging technology, it may make its product obsolete, weaken competitiveness, and impact long-term growth.
3. Dependency On Partners
The company’s operations heavily rely on major technology partners such as NICE, Mitel, and Acumatica. Any breaches, non-renewal, or change in the partnerships can limit access to key platforms and harm the service delivery and the client relationships.
4. Talent Retention Risk
Skilled technical professionals and experienced leaders are required to thrive in the tech industry. High rates of attrition or the inability to attract qualified talent could slow down the operations, weaken service quality, and affect business performance.
Exato Technologies IPO Review
Exato Technologies has strong fundamentals with increasing revenue, healthy margins, and a high rate of client retention. They are supported by solid tech partnerships, and the scalable cloud model makes expansion easy for their business.
However, heavy dependence on a few clients, maintenance of talented personnel, and rapid tech-driven competition increase their risk. With a positive GMP and stable financials, this IPO may appeal to investors who seek growth and have a moderate to high risk tolerance.
Other Recent IPO List
If you liked reading about the Exato Technologies IPO blog, why not check out some other ones:
| Sudeep Pharma IPO | Gallard Steel IPO |
| SSMD Agrotech IPO | Oyo IPO |
| PhysicsWallah IPO | Fujiyama Power Systems IPO |
| Workmates Core2Cloud IPO | Excelsoft Technologies IPO |
Exato Technologies IPO FAQs
The Exato Technologies IPO is an SME IPO of 26,75,000 shares, amounting to ₹37.45 crore.
You can apply for the Exato Technologies IPO through your broker’s IPO section using UPI or via the ASBA facility in your bank.
Exato Technologies IPO appears suitable for investors seeking growth with moderate–high risk. The company has strong revenue momentum and recurring income, but its client concentration and highly competitive landscape add to the risk.
Based on the current GMP of ₹75, the Exato Technologies IPO is expected to list around ₹215–₹220, indicating potential listing gains of nearly 55–57%, depending on market sentiment.
The Exato Technologies IPO will open on November 28, 2025.
The lot size of Exato Technologies’ IPO is 1,000 shares.
The Exato Technologies IPO will be allotted on December 3, 2025.
The listing date for Exato Technologies’ IPO is December 5, 2025.
