November 24, 2025
admin
Exato Technologies IPO
Exato Technologies Ltd. is launching a Book-Build SME IPO of Rs. 37.45 crore, consisting of a fresh issue of Rs. 31.85 crore and an Offer for Sale (OFS) of Rs. 5.60 crore.
The IPO opens on November 28, 2025 and closes on December 2, 2025.
Allotment is expected on December 3, and listing is tentatively scheduled for December 5, 2025 on BSE SME.
The price band is Rs. 133 to Rs. 140 per share.
Lot size is 1,000 shares.
As per Chanakya SME Rule (lot value < Rs. 2.50 lakh), Retail must apply for minimum 2 lots = 2,000 shares (Rs. 2,80,000).
HNI minimum = 3 lots (Rs. 4,20,000).
Lead Manager: GYR Capital Advisors Pvt. Ltd.
Registrar: Kfin Technologies Ltd.
🕗 Last Update: 24 November 2025, 6.00 AM
GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | November 28, 2025 |
| IPO Close Date | December 2, 2025 |
| Allotment Date | December 3, 2025 |
| Refunds Initiation | December 4, 2025 |
| Credit to Demat | December 4, 2025 |
| Listing Date | December 5, 2025 |
| UPI Mandate Cut-off | 5 PM on December 2, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price Band | Rs. 133 to Rs. 140 |
| Lot Size | 1,000 shares (Minimum 2 lots for Retail) |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | 26,75,000 shares (Rs. 37.45 Cr) |
| Market Maker Portion | 1,34,000 shares (Rs. 1.88 Cr) |
| Net Offer to Public | 25,41,000 shares (Rs. 35.57 Cr) |
| Fresh Issue (ex-MM) | 21,41,000 shares (Rs. 29.97 Cr) |
| Offer for Sale | 4,00,000 shares (Rs. 5.60 Cr) |
| Issue Type | Book-Build Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 77,90,371 shares |
| Shareholding Post-Issue | 1,00,65,371 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 1,34,000 | 5.01% |
| QIB | 12,69,000 | 47.44% |
| NII (HNI) | 3,82,000 | 14.28% |
| Retail | 8,90,000 | 33.27% |
| Total | 26,75,000 | 100% |
Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bid Date | November 27, 2025 |
| Anchor Shares | 7,61,000 |
| Anchor Portion | Rs. 10.65 Cr |
| Lock-in (50%) | January 2, 2026 |
| Lock-in (remaining) | March 3, 2026 |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / 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 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 75.85% |
| Promoter Holding Post-Issue | (To be updated post dilution) |
Promoters: Mr. Appuorv K Sinha and Mrs. Swati Sinha
About Exato Technologies Ltd.
Incorporated in 2016, Exato Technologies Ltd. is a Customer-Transformation and AI-driven technology company offering Customer Experience-as-a-Service (CXaaS) and AI-as-a-Service solutions.
The company provides AI-enabled customer service platforms, automation frameworks, cloud-based contact centre solutions, and intelligent analytics. Exato serves domestic and global clients including MakeMyTrip, RBL Bank, IGT Solutions, IKS, and WNS.
It has over 134 employees (as of August 2025) and maintains technology partnerships with NICE Ltd., Acumatica, and Mitel, strengthening its capabilities in CX, ERP, and unified communications.
Exato operates across BFSI, Healthcare, Retail, Telecom, Manufacturing, IT/ITeS and BPO/KPO sectors.
Financial Snapshot (Rs. crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 95.16 | 54.48 | 34.51 |
| Total Income | 126.16 | 114.91 | 73.13 |
| PAT | 9.76 | 5.31 | 5.06 |
| EBITDA | 15.96 | 9.07 | 6.12 |
| Reserves & Surplus | 42.30 | 26.99 | 21.69 |
| Total Borrowing | 8.14 | 3.16 | 1.25 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 28.15% |
| ROCE | 26.41% |
| Debt/Equity | 0.75 |
| RoNW | 23.04% |
| PAT Margin | 7.85% |
| EBITDA Margin | 12.65% |
Objects of the Issue
| S.No. | Purpose | Amount (Rs. Cr) |
|---|---|---|
| 1 | Working capital requirements | 15.73 |
| 2 | Investment in Product Development | 6.80 |
| 3 | Repayment / prepayment of borrowings | 2.85 |
| 4 | General Corporate Purposes | — |
Company Contact
Exato Technologies Ltd.
A-33, 2nd Floor, Sector-2, Noida, Uttar Pradesh – 201301
📞 +91 9810430894
✉ compliance@exato.ai
🌐 https://www.exato.ai/
Lead Manager
GYR Capital Advisors Pvt. Ltd.
Registrar
Kfin Technologies Ltd.
📞 04067162222
✉ exato.ipo@kfintech.com
🌐 https://ipostatus.kfintech.com/
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Exato Technologies is a high-growth CX and AI solutions provider with strong clientele in BFSI, Travel, IT/BPO and international markets. Revenue has grown steadily, while PAT surged 84% YoY in FY25. Healthy return ratios (ROE 28%, ROCE 26%) and expanding EBITDA margins indicate improving efficiency.
With rising adoption of AI-enabled customer engagement and cloud solutions, Exato is positioned well in a scalable, high-demand segment. Debt remains moderate and the issue will partly reduce leverage.
Chanakya View: Attractive growth trajectory, strong client portfolio and expanding margins make this IPO suitable for medium-to-long term investors. Listing gains possible depending on SME sentiment.
Quicklinks
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
