Exato Technologies IPO Last Day: GMP Hits 107%; Subscription At 308.57x So Far

Exato Technologies IPO Last Day: GMP Hits 107%; Subscription At 308.57x So Far

Exato Technologies IPO Day 3: The initial public offering (IPO) of Exato Technologies Ltd, which opened on Friday, is witnessing its final day of bidding today, Monday, December 1. The Rs 37.5-Crore BSE SME IPO will be closed at 5:00 pm today. Till 10:05 am on the last day of bidding on Tuesday, the IPO received a 308.57 times subscription, receiving bids for 54,92,63,000 shares as against the 17,80,000 shares on offer.

Its retail category got a 408.22x subscription, while its non-institutional investor (NII) quota got a 469.17x subscription. The QIB category received a 13.24x subscription.

Exato Technologies IPO GMP Today

According to market observers, unlisted shares of Exato Technologies Ltd are currently trading at Rs 290 apiece in the grey market, against the upper IPO price of Rs 140. It means a grey market premium (GMP) of a whopping 107.14%, indicating a blockbuster listing for the company.

The GMP had stood at 93.57% in the morning.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium' indicates investors' readiness to pay more than the issue price.

The price band of the IPO has been fixed at Rs 133-140 per equity share.

Exato Technologies IPO: Allotment & Listing Dates

The three-day IPO bidding will be closed tomorrow, December 2. Following this, its allotment will be finalised on December 3. However, its market listing will take place on December 5 on the BSE SME platform.

Exato Technologies IPO: More Details

The Exato Technologies IPO is a book-built issue worth Rs 37.45 crore, comprising a fresh issue of 0.23 crore shares amounting to Rs 31.85 crore and an offer for sale of 0.04 crore shares worth Rs 5.60 crore.

The company has set a price band of Rs 133 to Rs 140 per share. The lot size is 1,000 shares, translating into a minimum retail investment of Rs 2,80,000 for two lots at the upper price band. For high-net-worth individuals (HNIs), the minimum investment is 3 lots (3,000 shares), totalling Rs 4,20,000. GYR Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, Kfin Technologies Ltd. is the registrar, and Giriraj Stock Broking Pvt. Ltd. is the market maker.

Financially, Exato Technologies reported a 10% rise in revenue and an 84% jump in profit after tax between FY24 and FY25.

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Founded in 2016, the company positions itself as a customer transformation partner, offering technology-led solutions aimed at improving customer engagement and operational efficiency. Its service portfolio spans CX and analytics, unified communications and infrastructure, and its proprietary platform Exato IQ.

The company caters to clients across BFSI, healthcare, retail, telecom, manufacturing, and the IT/ITeS and BPO/KPO sectors, leveraging AI, automation, and cloud technologies to deliver scalable and intelligent customer service solutions.

Source: News18
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