Exato Technologies IPO is scheduled to open for subscription from November 28, 2025, and will close on December 2, 2025. The shares are priced in the range of ₹133 to ₹140 per equity share. The IPO is a Book Built Issue and the company aims to raise around ₹37.45 crores, including a fresh issue of ₹31.85 crores and an Offer for Sale of up to 4,00,000 equity shares.
The IPO will be listed on BSE SME, and allotment will be finalized on December 3, 2025, while the listing date is set for December 5, 2025.
The retail quota is 35%, QIB is 50%, and HNI is 15%. Based on the recent financial performance, revenue increased from ₹114.91 crores in FY2024 to ₹126.16 crores in FY2025, and profit rose significantly from ₹5.31 crores to ₹9.76 crores in the same period.
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Exato Technologies IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | November 28, 2025 |
| IPO Close Date | December 2, 2025 |
| Face Value | ₹10 Per Share |
| Price Band | ₹133 to ₹140 |
| Issue Size | Approx ₹37.45 Crores |
| Fresh Issue | Approx ₹31.85 Crores |
| Offer for Sale | Approx 4,00,000 Shares |
| Issue Type | Book Built Issue |
| Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Exato Technologies IPO
Open: 28-2 Dec
Issue Size: ₹37.45 Cr.
Objective: Fund working capital, develop products, repay debt and general purposes.
Exchange: BSE SME
Exato Technologies IPO GMP Today
Exato Technologies IPO GMP has been showing a strong upward trend in the grey market over the past few days. As per the latest data, the GMP touched a high of ₹170 on 3rd December, indicating solid investor interest ahead of the listing. The premium has moved sharply from its lowest point of ₹75 on 26th November, reflecting improved sentiment and strong demand for this SME offering.
With the IPO price band set at ₹133 to ₹140 and an issue size of ₹37.45 crore, the current GMP trend points towards the possibility of healthy listing gains if the momentum sustains.
Investors tracking grey market cues should note the day-by-day rise, as the premium consistently stayed in positive territory except for a slight dip earlier. Overall, the demand trend suggests that the market is expecting a reasonably strong performance from the Exato Technologies IPO.
Exato Technologies IPO Review
The company has shown steady growth in revenue and profitability over the past three years. Considering the improving margins and business expansion plans, investors may consider applying with a long-term investment horizon.
However, being an SME IPO, market volatility and liquidity should also be kept in mind.
Exato Technologies IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 2,000 | ₹2,80,000 |
| Retail Maximum | 1 Lot | 2,000 | ₹2,80,000 |
| S-HNI Minimum | 2 Lots | 3,000 | ₹4,20,000 |
| S-HNI Maximum | 4 Lots | 7,000 | ₹9,80,000 |
| B-HNI Minimum | 5 Lots | 8,000 | ₹11,20,000 |
IPO Reservation
| Investor Category | Shares Offered | % Share |
|---|---|---|
| Anchor Investor | 7,61,000 | 28.45% |
| QIB (Ex-Anchor) | 5,08,000 | 18.99% |
| NII | 3,82,000 | 14.28% |
| Retail | 8,90,000 | 33.27% |
Exato Technologies IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | November 27, 2025 |
| Anchor Investors List | |
| Shares Offered | 7,61,000 Shares |
| Anchor Size | ₹10.65 Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | January 2, 2026 |
| Lock-in Period End Date (50% Shares – 90 Days) | March 3, 2026 |
- Also Read: Excelsoft Technologies IPO, Victory Electric IPO
Exato Technologies IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | November 28, 2025 |
| IPO Close Date | December 2, 2025 |
| Basis of Allotment | December 3, 2025 |
| Refunds | December 4, 2025 |
| Credit to Demat | December 4, 2025 |
| Listing Date | December 5, 2025 |
| Cut-off Time | December 2 – 5 PM |
Promoters & Shareholding Pattern
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding (Pre-Issue) | 77,90,371 | 75.85% |
| Promoter Holding (Post-Issue) | 1,00,65,371 | – |
Objects of the Issue
The company plans to utilise the IPO proceeds primarily for working capital requirements, product development investments, and repayment of borrowings. A portion will also support general corporate purposes, strengthening long-term operational growth.
About Exato Technologies Company
Exato Technologies is a Noida-based technology solutions provider offering digital transformation, cloud services, software development, automation, and AI-based products. The company serves clients across telecom, BFSI, healthcare, retail, and manufacturing in India and overseas, and has shown consistent growth in revenue and profitability.
The Indian digital transformation and IT services market is expanding rapidly, driven by cloud adoption, cybersecurity, and automation. With a diversified service portfolio, scalable business model, and strong customer relationships, Exato is positioned for long-term growth. However, being an SME IPO, the stock may experience short-term liquidity and market volatility risks.
Exato Technologies Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹73.13 Cr | ₹68.10 Cr | ₹5.06 Cr | ₹34.51 Cr |
| 2024 | ₹114.91 Cr | ₹107.18 Cr | ₹5.31 Cr | ₹54.48 Cr |
| 2025 | ₹126.16 Cr | ₹112.65 Cr | ₹9.76 Cr | ₹95.16 Cr |
| Sep 2025 | ₹71.53 Cr | ₹61.42 Cr | ₹7.26 Cr | ₹99.22 Cr |
Exato Technologies Financial
| Year | Revenue | Assets | Profit / Loss |
|---|---|---|---|
| 2023 | 72.76 | 34.51 | 73.13 |
| 2024 | 113.91 | 54.48 | 114.91 |
| 2025 | 124.23 | 95.16 | 126.16 |
| Sep-2025 | 142.12 | 99.22 | 71.53 |
Exato Technologies IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 28.13% |
| ROCE | 26.38% |
| EBITDA Margin | 12.64% |
| PAT Margin | 7.85% |
| Debt-to-Equity | 0.75 |
| EPS (Basic) | ₹13.86 |
| P/E | N/A |
| RoNW | 23.03% |
| NAV | ₹55.56 |
Peer Comparison
| Company | EPS | PE | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Black Box Limited | 12.16 | 45.99 | 26.99% | 44.80 | ₹5,971.94 Cr |
IPO Lead Manager
GYR Capital Advisors Pvt. Ltd.
Company Address
| Exato Technologies Ltd. | |
|---|---|
| Address | A-33, 02nd Floor, Sector-2, Noida, Gautam Buddha Nagar, Noida, UP – 201301 |
| Phone | +91 9810430894 |
| compliance@exato.ai | |
| Website | exato.ai |
IPO Registrar
| Particulars | Details |
|---|---|
| Registrar | Kfin Technologies Ltd. |
| Phone | 04067162222, 04079611000 |
| exato.ipo@kfintech.com | |
| Website | ipostatus.kfintech.com |
Exato Technologies IPO FAQs
What is Exato Technologies IPO?
Exato Technologies IPO is an SME IPO worth ₹37.45 crores with a price band of ₹133 to ₹140 per share. It will be listed on BSE.
When does the IPO open?
The IPO opens on November 28, 2025 and closes on December 2, 2025.
How much is the IPO lot size?
The minimum lot consists of 2,000 shares costing ₹2,80,000.
What is the allotment date?
The allotment will be declared on December 3, 2025.
What is the listing date?
Shares will list on December 5, 2025 on BSE.
How to apply?
Investors can apply through ASBA using net banking or through UPI via stock brokers and trading apps.
Expert Comment
Exato Technologies has displayed consistent revenue growth, a sharp improvement in profitability, and strong return ratios. The IPO proceeds focused on working capital and product development indicate growth-oriented planning.
However, since this is an SME IPO with limited liquidity, investors should consider applying primarily with a long-term investment horizon and evaluate risks accordingly.
