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Exato Technologies IPO
Price Band
₹133.0–140.0
Issue Size
₹37.45 Cr
Lot Size
1,000 shares
Min Investment
₹280,000
2 LOTS MIN
GMP
+₹177.0 (126.43%)
Issue Price
₹140.0
Subject to Sauda
₹134500
Paid only if allotted
Exato Technologies IPO AI Summary
- Exato Technologies IPO is listed on BSE SME in the IT Enabled Services sector.
- Price band: ₹133.0–₹140.0 per share, lot size 1,000 shares (min. investment ₹280,000, 2 lots minimum).
- Subscription window: 28 Nov–02 Dec 2025, listing on 05 Dec 2025.
- Current GMP is +₹177.0 (126.43%), an estimated listing price of ₹317 — unofficial and can change daily.
Exato Technologies Limited is set to launch its IPO with a price band of ₹133.0 to ₹140.0, aiming to raise ₹37.45 Cr. The company focuses on technology-driven solutions for customer engagement across various sectors. With a strong growth trajectory in revenue and profit, investors may find the IPO appealing, though they should carefully consider the inherent risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Exato Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Exato Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹177.0
GMP %
+126.43%
Est. Listing
₹317.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2016, Exato Technologies Limited is a customer transformation partner providing technology-driven solutions that enhance customer engagement and operational efficiency. The company offers broad range of services including CX and Analytics, Unified Communications and Infrastructure, and Exato IQ. It serves key sectors such as Banking, Financial Services and Insurance (BFSI), Healthcare, Retail, Telecom, Manufacturing, and IT/ITeS & BPO/KPO. Exato Technologies develops intelligent and scalable solutions leveraging artificial intelligence (AI), automation, and cloud platforms to deliver smarter and faster customer service. The company operates with a team of over 60 engineers in India and serves both domestic and international clients, including in the USA and Singapore, through global delivery partnerships. The company works with prominent clients such as MakeMyTrip, RBL Bank, IGT Solutions Pvt. Ltd., IKS, and WNS, delivering customer experience solutions that are scalable, resilient, and outcome-driven. Services Offerings: CX & Analytics: The Customer Experience (CX) & Analytics Business Unit is dedicated to helping enterprises unlock growth by delivering seamless customer journeys and actionable intelligence. Conversational AI- Conversations That Feel Right: design, build, and operate agent-less contact center solutions that enhance chatbot self-sufficiency, improve user experience, and lower costs. Automation as a Service Work Smarter, Not Harder: They accelerate ordinary activities with cutting-edge automation techniques such as Robotic Process Automation (RPA). Whether automating finance, human resources, or customer workflows, they provide strategy, proof-of-concept, implementation, and continuing support to improve accuracy, productivity and business agility. Workforce Management- Smarter Scheduling, Happier Teams: The products improve the way teams are scheduled, predicted, and managed, with comprehensive visibility into shifts, tasks and performance metrics, the customers can operate smoother operations, manage staffing more effectively, and increase worker satisfaction. As of 31st October 2025, the company has 133 permanent employees. Competitive Strengths: Integrated Solutions: End-to-end services in AI, Automation, CXaaS & Cybersecurity. Strong Partnerships: NICE Platinum Partner; tie-ups with Mitel, UiPath, Autonom8. Long-Term ARR: 40%+ revenue from 5+ year contracts. Domain Expertise: BFSI, healthcare, retail, telecom, IT/ITeS, manufacturing. Experienced Leadership: Global CXO-level background (NICE, Wipro).
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 99.22 | 95.16 | 54.48 | 34.51 |
| Total Income | 71.53 | 126.16 | 114.91 | 73.13 |
| Profit After Tax | 7.26 | 9.75 | 5.31 | 5.06 |
| EBITDA | 11.46 | 15.95 | 9.07 | 6.12 |
| Reserves and Surplus | 41.96 | 42.29 | 26.99 | 21.69 |
| Total Borrowing | 27.98 | 31.63 | 16.52 | 6.21 |
Key Ratios
EPS
₹12.51
NAV
₹55.56
ROE
28.13%
ROCE
26.38%
RoNW
23.03%
P/B Value
2.52
P/E Ratio
11.19
Market Cap
₹140.92 Cr
PAT Margin
7.85%
Debt/Equity
0.75
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Black Box Limited | 44.8 | 26.99% | 45.99 | 12.16 | 12.11 |
| Exato Technologies Ltd. This IPO | 55.6 | 23.03% | — | 13.87 | 13.87 |
Promoters
Appuorv K Sinha and Swati Sinha
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of the Company 15.73 2 Investment in Product Development 6.80 3 Repayment/prepayment of all or certain of the borrowings availed of by the Company 2.53 4 General Corporate Purposes 4.68 5 Issue Expenses 5.30 Total 35.04
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹73.13 Cr in the year ending 31 Mar 2023, increasing to ₹114.91 Cr by 31 Mar 2024, and further rising to ₹126.16 Cr by 31 Mar 2025. However, the most recent figure of ₹71.53 Cr as of 30 Sep 2025 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹5.06 Cr for the year ending 31 Mar 2023, which rose to ₹5.31 Cr by 31 Mar 2024, and further increased to ₹9.75 Cr by 31 Mar 2025. The most recent figure of ₹7.26 Cr as of 30 Sep 2025 is again a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the difference between the issue price and the price at which shares are traded in the grey market before the official listing. A high GMP indicates strong demand for the shares, while a low GMP may suggest weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors such as the company's growth potential, market conditions, and financial health should be considered before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, as it may involve fluctuations and uncertainties associated with newly listed companies.
IPO Timeline, Explained
The IPO opens for subscription on 28th November 2025 and closes on 2nd December 2025. Allotment of shares will be done on 3rd December 2025, and the shares are expected to be listed on the stock exchange on 5th December 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and traded for the first time. However, these gains are not guaranteed, and the stock price can be volatile on the listing day due to market sentiment and demand. Investors should be cautious and consider the risks involved.
This evaluation is generated from Exato Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Exato Technologies IPO GMP today?
Exato Technologies IPO GMP today is +₹177.0 (126.43%), indicating an estimated listing price of ₹317. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Exato Technologies IPO?
The price band of Exato Technologies IPO is ₹133.0–₹140.0 per share.
When does Exato Technologies IPO open and close?
Exato Technologies IPO opens on 28 November 2025 and closes on 02 December 2025.
When does Exato Technologies IPO list on the stock exchange?
Exato Technologies IPO listed on 05 December 2025 at ₹317.0.
What is the lot size for Exato Technologies IPO?
The lot size for Exato Technologies IPO is 1000 shares, requiring a minimum investment of ₹280,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹133.0 to ₹140.0.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹280,000.
When does the IPO open and close?
The IPO opens on 28th November 2025 and closes on 2nd December 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Nov 2025
Close
02 Dec 2025
Allotment
03 Dec 2025
Listing
05 Dec 2025
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