Exato Technologies Limited, a customer experience and AI-led digital solutions company, is coming out with its SME IPO in late November–early December 2025. The issue has attracted strong investor interest thanks to its growth in revenues, solid margins, and buzz in the grey market. This guide will help Indian readers understand this IPO clearly, including dates, price band, lot size, allotment, and key risks.
Last Updated: 01 December 2025
Quick Highlights
- Topic summary: SME IPO of Exato Technologies Limited, covering issue size, dates, price band, allotment and listing details.
- Target audience: Retail and HNI investors evaluating SME IPO opportunities in India.
- Key benefits: Understanding core business, financials, GMP buzz, strengths and risks before applying.
- Important reminders: SME IPOs are high-risk and less liquid; apply only after independent research and risk assessment.
What Is This Topic About?
Exato Technologies IPO is a book-built SME IPO on the BSE SME platform. The company plans to raise around ₹37.45 crore via a combination of fresh issue and offer for sale. The IPO opened for subscription on 28 November 2025 and will close on 2 December 2025. The funds will primarily be used for working capital, product development, partial debt repayment and general corporate purposes.
Exato Technologies IPO Details
| Particular | Details |
|---|---|
| IPO Type | SME, Book Built Issue (BSE SME) |
| Issue Size | Approx. ₹37.45 crore (Fresh + OFS) |
| Fresh Issue | Approx. ₹31.85 crore |
| Offer for Sale (OFS) | Approx. 4,00,000 shares (~₹5.60 crore) |
| Face Value | ₹10 per equity share |
| Price Band | ₹133 to ₹140 per share |
| IPO Open Date | 28 November 2025 |
| IPO Close Date | 02 December 2025 |
| Lot Size (Market Lot) | 1,000 shares |
| Minimum Retail Application | 2 lots = 2,000 shares (~₹2,80,000 at upper band) |
| Registrar | Kfin Technologies Ltd |
| Listing Exchange | BSE SME |
| Tentative Allotment Date | 03 December 2025 |
| Tentative Listing Date | 05 December 2025 |
How Does This IPO Work?
Being a book-built SME IPO, the final issue price will be discovered within the band of ₹133–₹140 based on bids received. Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors can apply within this band through ASBA or UPI-based applications via brokers or banks.
The investor quota is broadly split among QIB (around 50%), NII (15%) and Retail (35%), with a separate anchor portion. Retail investors must apply for at least 2 lots (2,000 shares), making this a relatively high ticket size compared to mainboard IPOs.
Company Overview – What Does Exato Technologies Do?
Exato Technologies Limited is a digital solutions company focused on customer experience-as-a-service (CXaaS) and AI-driven engagement platforms. It provides:
- Omnichannel contact centre solutions (voice, chat, email, social).
- Conversational AI, chatbots and virtual assistants.
- Analytics tools and customer journey tracking.
- Unified communications, networking and data centre infrastructure.
- Its proprietary Exato IQ platform that offers connectors, workflow automation and optimisation tools.
The company serves clients across BFSI, travel, healthcare, retail, IT/ITeS and other sectors in India and overseas markets such as the US and Singapore.
Important Features & Key Numbers
| Metric (Consolidated) | FY 2023–24 | FY 2024–25 |
|---|---|---|
| Revenue from Operations (₹ crore) | ~114.9 | ~126.2 |
| Profit After Tax (₹ crore) | ~5.3 | ~9.7 |
| PAT Margin | ~4–5% | ~7–8% |
| ROE / RoNW | Above 20% | Above 20% |
| Debt-to-Equity | Moderate leverage (below 1x) | Moderate leverage (below 1x) |
These numbers indicate healthy revenue growth with improving margins and returns, albeit with some leverage on the balance sheet.
Exato Technologies IPO Review – Positives
- Strong demand and high subscription: The IPO has seen heavy oversubscription across categories, reflecting strong investor interest.
- Grey Market Premium (GMP) buzz: Reports suggest a robust GMP pointing to expectations of a positive listing, though GMP is unofficial and highly speculative.
- Growing digital CX and AI space: The company operates in fast-growing segments like CXaaS, automation and AI-driven customer engagement.
- Improving profitability: Profit after tax and margins have improved over the last few years, indicating operating leverage kicking in.
- Diverse client base: Presence across multiple industries and geographies helps reduce dependence on any single sector.
Risks & Important Considerations
- SME listing risk: SME IPOs typically have lower liquidity, wider spreads and can be more volatile than mainboard stocks.
- High minimum investment: A retail minimum of about ₹2.8 lakh makes this unsuitable for very small investors.
- Client concentration: Like many B2B tech firms, dependence on a few large clients or sectors can be a risk if contracts are not renewed.
- Technology and execution risk: Rapid tech changes, competition and the need for continuous innovation may impact future growth and margins.
- GMP is not a guarantee: Grey market premium can change quickly; listing gains are never assured.
IPO Allotment & Listing Timeline
| Event | Tentative Date |
|---|---|
| IPO Opens | 28 November 2025 |
| IPO Closes | 02 December 2025 |
| Basis of Allotment Finalisation | 03 December 2025 |
| Refunds / Unblocking of Funds | 04 December 2025 |
| Credit of Shares in Demat | 04 December 2025 |
| Listing on BSE SME | 05 December 2025 |
How to Apply for Exato Technologies IPO
- Check eligibility & risk appetite: Ensure you understand SME IPO risks and that the minimum investment fits your financial plan.
- Use ASBA through bank: Log in to your net banking, go to IPO / ASBA section, select “Exato Technologies Limited” and enter bid details within the price band.
- Apply via broker & UPI: If your broker supports IPO via UPI, enter quantity (in lots), price and UPI ID; then approve the mandate in your UPI app.
- Choose cut-off for retail (optional): Retail investors who are unsure about price can select “cut-off” to maximise allotment chances.
- Track allotment: After the basis of allotment date, check allotment status on the registrar’s website or your broker app.
Charges / Fees
There is usually no separate brokerage charge just for applying to an IPO, but you should be aware of:
| Charge Type | Details |
|---|---|
| Application Amount | Blocked in your bank account via ASBA / UPI until allotment. |
| Demat & Annual Charges | Levied by your broker / DP as per their tariff. |
| Brokerage on Selling | Standard brokerage and taxes apply when you sell shares after listing. |
| Statutory Taxes | STT, GST, stamp duty and other statutory levies on trades as applicable. |
Tips & Best Practices
- Invest only that portion of capital you can afford to lock-in and potentially lose, especially in SME IPOs.
- Read the RHP/DRHP and company financials carefully instead of relying only on GMP or tips.
- Avoid leveraged bets (no borrowing) just to apply for IPOs with high premium expectations.
- Diversify across sectors and market caps instead of concentrating too much in one SME name.
- Have a clear plan whether you are applying for listing gains or long-term holding and act accordingly.
Is It Safe / Worth Applying?
Exato Technologies IPO offers a play on growing digital CX, AI and cloud-based engagement services, backed by improving financial performance and strong investor interest. However, it remains a relatively small-cap SME issue with higher volatility, limited liquidity and a large minimum ticket size.
Whether it is “worth it” depends entirely on your risk appetite, time horizon and portfolio allocation. This article is for information only and should not be treated as investment advice or a recommendation to apply.
Frequently Asked Questions
1. What are the Exato Technologies IPO dates?
The IPO opens on 28 November 2025 and closes on 02 December 2025. Allotment is expected on 03 December 2025 and listing on 05 December 2025.
2. What is the Exato Technologies IPO price band?
The price band is fixed at ₹133 to ₹140 per equity share.
3. What is the lot size and minimum investment?
The market lot is 1,000 shares, but retail investors must apply for at least 2 lots (2,000 shares), which requires an investment of about ₹2.8 lakh at the upper band.
4. On which exchange will the IPO list?
The shares are proposed to be listed on the BSE SME platform.
5. Who is the registrar of the issue?
Kfin Technologies Limited is the registrar handling allotment, refund and related IPO services.
6. Is the high grey market premium a guarantee of listing gains?
No. GMP is unofficial and can change sharply. Listing price depends on market conditions and demand on listing day.
Important Links
Below are some important links where you can check official details, apply online, or learn more about this financial product.
| Link | Description |
|---|---|
| Official Website | Click Here |
| Application / IPO Details Page | Click Here |
| Check Allotment Status (Registrar – Kfintech) | Click Here |
Conclusion
Exato Technologies IPO brings a growing digital CX and AI-driven platform company to the SME segment, supported by healthy financials and strong market interest. At the same time, investors must respect the higher risk profile, larger minimum investment and lower post-listing liquidity typical of SME issues. Consider your own goals, diversification needs and risk tolerance before deciding whether to apply.
Risk Disclaimer: Investing in equity shares, especially SME IPOs, involves a high level of risk, including potential loss of capital. Past performance and grey market trends are not indicators of future returns. Please consult a SEBI-registered investment adviser before making investment decisions.
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