Exato Technologies IPO
BSE SME • Fresh Capital-cum-Offer for Sale (Bookbuilding)
UPCOMING IPOExato Technologies Ltd. is launching a ₹37.45 crore SME IPO comprising a fresh issue of 0.23 crore shares (≈₹31.85 Cr) and an offer for sale of 0.04 crore shares (≈₹5.60 Cr). The public offer opens on Nov 28, 2025 and closes on Dec 2, 2025. Tentative allotment is expected on Dec 3, 2025, refunds and credit of shares on Dec 4, 2025, and tentative listing on BSE SME on Dec 5, 2025.
Price band is set at ₹133 to ₹140 per share. Lot size is 1,000 shares; minimum retail application is 2,000 shares (₹2,80,000) — SME rules require min 2 lots for retail.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹133 to ₹140 per share |
| Lot Size | 1,000 shares |
| Offer Structure | Fresh Issue (21,41,000 ex-market maker) + Offer for Sale (4,00,000) |
| Total Issue Size | 26,75,000 shares (aggregating up to ₹37.45 Cr) |
| Net Offered to Public | 25,41,000 shares (≈₹35.57 Cr) |
| Market Maker Reserved | 1,34,000 shares (≈₹1.88 Cr) — Giriraj Stock Broking Pvt. Ltd. |
| Issue Type | Book-building IPO (SME) |
| Listing | BSE SME |
| Share Holding (Pre / Post) | 77,90,371 / 1,00,65,371 shares |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Investor Category | Shares Offered / % |
|---|---|
| Market Maker | 1,34,000 (5.01%) |
| QIB | 12,69,000 (47.44%) |
| NII (HNI) | 3,82,000 (14.28%) |
| Retail (RII) | 8,90,000 (33.27%) |
| IPO Open | Fri, Nov 28, 2025 |
|---|---|
| IPO Close | Tue, Dec 2, 2025 |
| Allotment (Tentative) | Wed, Dec 3, 2025 |
| Initiation of Refunds | Thu, Dec 4, 2025 |
| Credit of Shares to Demat | Thu, Dec 4, 2025 |
| Listing (Tentative) | Fri, Dec 5, 2025 |
| UPI Mandate Cut-off | 5 PM on Tue, Dec 2, 2025 |
| Application | Lots | Shares | Amount (at ₹140) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,80,000 |
| Retail (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 |
Note: amounts shown at upper price band (₹140). Retail min = 2 lots (2,000 shares) according to SME application rules.
Incorporated in 2016, Exato Technologies Ltd. is a customer transformation partner providing CX & Analytics, Unified Communications & Infrastructure, and Exato IQ solutions. It serves BFSI, healthcare, retail, telecom, manufacturing, and IT/ITeS sectors, leveraging AI, automation and cloud platforms to improve customer engagement and operational efficiency. As of Oct 31, 2025, Exato employs 133 permanent employees and works with clients including MakeMyTrip, RBL Bank, IGT Solutions and WNS.
Services: CX & Analytics, Conversational AI, Automation-as-a-Service (RPA), Workforce Management, Unified Communications & Infrastructure, Product Development (Exato IQ).
Competitive strengths: Integrated AI & automation solutions, NICE Platinum Partnership, long-term ARR from multi-year contracts, domain expertise and experienced leadership.
Period wise summary (Amounts in ₹ Crore)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2025 | 99.22 | 71.53 | 7.26 | 11.46 | 41.96 | 27.98 |
| 31 Mar 2025 | 95.16 | 126.16 | 9.75 | 15.95 | 42.29 | 31.63 |
| 31 Mar 2024 | 54.48 | 114.91 | 5.31 | 9.07 | 26.99 | 16.52 |
| 31 Mar 2023 | 34.51 | 73.13 | 5.06 | 6.12 | 21.69 | 6.21 |
KPIs (as of Mar 31, 2025): ROE 28.13% | ROCE 26.38% | Debt/Equity 0.75 | PAT Margin 7.85% | EBITDA Margin 12.64% | Market Cap: ₹140.92 Cr.
| 1 | Funding the working capital requirements of the company — ₹15.73 Cr |
|---|---|
| 2 | Investment in product development — ₹6.80 Cr |
| 3 | Repayment / prepayment of borrowings — ₹2.53 Cr |
| 4 | General corporate purposes |
Analyst summary: ETL is a preferred partner for CXaaS and automation services with marquee clients and long-term contracts. Financials show revenue and PAT growth; brokers view the issue attractively priced for medium-to-long term. Review the RHP and broker notes before subscribing.
Company Contact
- Address: A-33, 02nd Floor, Sector-2, Noida, Gautam Buddha Nagar, Uttar Pradesh, 201301
- Phone: +91 98104 30894
- Email: compliance@exato.ai
- Website: https://www.exato.ai/
Registrar
- Kfin Technologies Ltd. — Phone: 040-67162222 / 040-79611000 | Email: exato.ipo@kfintech.com