Exato Technologies IPO is one of the most talked-about SME IPOs of 2025. The company works in customer experience, automation, analytics, and cloud technology. It helps banks, healthcare companies, retail brands, and global clients improve customer engagement with AI-based solutions.
The IPO opens for subscription on November 28, 2025 and closes on December 2, 2025. The issue size is โน37.45 crore, and the shares will list on BSE SME. This article explains all details in simple words. You will learn the IPO price band, lot size, financials, strengths, risks, subscription status, anchor investor data, and expert reviews. If you are planning to apply, this guide will help you take an informed step.
Exato Technologies IPO Overview
Exato Technologies IPO is a book-built issue worth โน37.45 crore. The issue includes:
- Fresh issue: 21.41 lakh shares (โน31.85 crore)
- Offer for sale: 4 lakh shares (โน5.60 crore)
The company will use the fresh funds for working capital, product development, loan repayment, and general corporate needs.
DRHP: Read the Draft ProspectusKey IPO Highlights
| Particulars | Details |
|---|---|
| IPO Type | Book-Built Issue |
| Total Issue Size | 26,75,000 shares (โน37.45 crore) |
| Fresh Issue | 21,41,000 shares |
| Offer for Sale | 4,00,000 shares |
| Price Band | โน133 โ โน140 per share |
| Listing Exchange | BSE SME |
| IPO Open Date | Nov 28, 2025 |
| IPO Close Date | Dec 2, 2025 |
| Allotment Date | Dec 3, 2025 |
| Listing Date | Dec 5, 2025 |
| Lot Size | 1,000 shares |
| Minimum Retail Investment | โน2,80,000 (2 lots = 2,000 shares) |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
IPO Price Band and Lot Size
The company has fixed the price band between โน133 and โน140 per share.
Lot Size Details
| Investor Type | Lots | Shares | Amount (Upper Price) |
|---|---|---|---|
| Retail (Min & Max) | 2 | 2,000 | โน2,80,000 |
| S-HNI (Min) | 3 | 3,000 | โน4,20,000 |
| S-HNI (Max) | 7 | 7,000 | โน9,80,000 |
| B-HNI (Min) | 8 | 8,000 | โน11,20,000 |
Retail investors must apply for exactly 2 lots. HNIs can apply for higher multiples.
Exato Technologies IPO Dates (Timeline)
| Event | Date |
|---|---|
| IPO Open | Nov 28, 2025 |
| IPO Close | Dec 2, 2025 |
| Allotment | Dec 3, 2025 |
| Refund Initiation | Dec 4, 2025 |
| Share Credit | Dec 4, 2025 |
| Listing on BSE SME | Dec 5, 2025 |
| UPI Approval Last Time | 5 PM, Dec 2, 2025 |
Exato Technologies IPO Reservation
| Category | Shares | % Allocation |
|---|---|---|
| QIB | 12,69,000 | 47.44% |
| Anchor + QIB | 17,77,000 | โ |
| NII (HNI) | 3,82,000 | 14.28% |
| Retail | 8,90,000 | 33.27% |
| Market Maker | 1,34,000 | 5.01% |
| Total | 26,75,000 | 100% |
Anchor Investors Allocation
Exato Technologies raised โน10.65 crore from anchor investors on Nov 27, 2025.
Anchor Details
| Particular | Value |
|---|---|
| Shares Offered | 7,61,000 |
| Amount Raised | โน10.65 crore |
| Lock-in (50% shares) | Jan 2, 2026 |
| Lock-in (remaining shares) | Mar 3, 2026 |
Top Anchor Investors
| Investor | Shares | Amount (Cr) |
|---|---|---|
| Nine Alps Opportunity Fund | 6,03,000 | โน8.44 |
| VIRA Bharat Opportunities Fund | 83,000 | โน1.16 |
| Vikasa India EIF I | 75,000 | โน1.05 |
Subscription Status
On Day 1 (November 28, 2025), Exato Technologies IPO received strong demand.
Day 1 Subscription
| Category | Times Subscribed |
|---|---|
| QIB | 8.22x |
| NII | 81.24x |
| Retail | 75.73x |
| Total | 57.65x |
Total applications received: 39,229
This shows strong interest from HNIs and retail investors.
About Exato Technologies Ltd.
Exato Technologies Limited started in 2016. It builds technology solutions that help companies improve customer experience and run operations faster.
The company works in:
- Customer Experience & Analytics
- Unified Communications
- Automation and AI
- Workflow Optimization
- Workforce Management
- Cloud Solutions
Industries Served
- BFSI
- Healthcare
- Telecom
- Retail
- Manufacturing
- IT & BPO
Exato has more than 133 employees and works with global clients from the USA and Singapore.
Major Clients
- MakeMyTrip
- RBL Bank
- IGT Solutions
- WNS
- IKS
Core Service Offerings (Simple Overview)
1. CX & Analytics
Helps companies track customer journeys and improve support quality using data and insights.
2. Conversational AI
Builds chatbots and AI contact-center tools that reduce human workload.
3. Automation as a Service (RPA)
Automates routine tasks in finance, HR, and customer workflows.
4. Workforce Management Tools
Helps companies schedule teams better and improve productivity.
Competitive Strengths of Exato Technologies
- Full-stack solutions across AI, automation, cloud, and cybersecurity.
- Strong partnerships like NICE Platinum Partner, UiPath, Mitel, Autonom8.
- Stable revenue base with more than 40% income from long-term contracts.
- Deep industry expertise across BFSI, healthcare, telecom, and retail.
- Strong leadership with global experience from Wipro and NICE.
Exato Technologies Financial Performance
Financial Summary (โน in Crore)
| Year | Total Income | PAT | Assets | EBITDA |
|---|---|---|---|---|
| FY 2023 | 73.13 | 5.06 | 34.51 | 6.12 |
| FY 2024 | 114.91 | 5.31 | 54.48 | 9.07 |
| FY 2025 | 126.16 | 9.75 | 95.16 | 15.95 |
| H1 FY 2026 | 71.53 | 7.26 | 99.22 | 11.46 |
Key Ratios (as of FY 2025)
| KPI | Value |
|---|---|
| ROE | 28.13% |
| ROCE | 26.38% |
| Debt/Equity | 0.75 |
| PAT Margin | 7.85% |
| EBITDA Margin | 12.64% |
| Market Cap | โน140.92 crore |
| P/E (Post-IPO) | 9.7x |
Observation:
The company shows growth in revenue and profits. Margins have improved quickly. Debt is reasonable.
Exato Technologies IPO Objectives
| Purpose | Amount (โน Cr.) |
|---|---|
| Working capital | 15.73 |
| Product development | 6.80 |
| Loan repayment | 2.53 |
| General corporate use | Balance |
Promoter Holding
| Particular | Value |
|---|---|
| Promoters | Appurv K. Sinha and Swati Sinha |
| Holding Pre-Issue | 75.85% |
| Holding Post-Issue | Lower due to dilution |
Should You Apply? (Research-Based View)
Many analysts believe the IPO is fairly priced and suitable for medium to long-term holding.
Reasons to Consider
- Strong revenue growth
- High profit jump
- Rising demand for AI and automation
- Long-term contracts with major brands
- Attractive valuations compared to peers
Risks to Note
- Operates in a competitive tech space
- Depends on limited large clients
- SME stocks carry higher volatility
- Global economic conditions may affect demand
Exato Technologies IPO: Buy or Avoid?
Based on financials, demand, and future potential, this IPO may suit:
- Investors looking for long-term wealth
- Investors who understand SME market risks
- Investors comfortable with high listing-day volatility
Short-term listing gain is possible due to strong subscription, but not guaranteed.
FAQs
1. What is the Exato Technologies IPO price?
โน133โโน140 per share.
2. What is the listing date?
December 5, 2025.
3. What is the minimum investment?
โน2,80,000 for retail investors (2 lots).
4. How to check allotment?
Visit Kfintech IPO status page.
DRHP: Read the Draft Prospectus
5. What is the total issue size?
โน37.45 crore.
