Exato Technologies BSE SME

Exato Technologies SME IPO

Listed

BSE SMEOpens 28 November 2025Closes 2 December 2025

Exato Technologies is a Customer Transformation Partner specializing in Customer Experience-as-a-Service (CXaaS) and AI-as-a-Service. The company focuses on boosting customer engagement and streamlining operations using…

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Live GMPSubscriptionAllotment
Price band
₹133 - ₹140
Issue size
₹35.57 Cr
Lot size
1,000 shares
Type
BSE SME
GMP
₹177 (+126.4%)
Est. listing
₹317
Est. profit / app
₹3,54,000
Retail quota
33.27%

Key ratios

As per RHP / filings
Face value
₹10
EPS
14.43
P/E ratio
9.7
RoNW
23.03%
ROE
28.13%
Debt / Equity
0.75
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Timeline

IPO Opens

28 Nov

IPO Closes

2 Dec

Allotment

3 Dec

Listing

5 Dec

IPO Timeline & Listing Details

EventDate
IPO Open Date28 November 2025
IPO Close Date2 December 2025
Allotment Date3 December 2025
Listing Date5 December 2025

Investment Categories

CategoryLotsAmount
Individual
2₹2,80,000
SHNI (Min)
3₹4,20,000
SHNI (Max)
7₹9,80,000
BHNIAbove ₹10,00,000
8₹11,20,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)47.44%
NII (Non-Institutional Investor)14.28%
SHNI (Small Non-Institutional Investor)9.50%
BHNI (Big Non-Institutional Investor)4.79%
Retail33.27%
Market Maker5.01%
Total100.00%

IPO Objectives

  • Funding the working capital requirements of the company (₹15.73 Cr).
  • Investment in Product Development (₹6.80 Cr).
  • Repayment/prepayment of all or certain of the borrowings availed of by the Company (₹2.53 Cr).
  • General Corporate Purposes.

Strengths

  • The company uses an Integrated AI, Automation, and CX Delivery Model to provide high-value Customer Experience-as-a-Service (CXaaS) solutions.
  • It holds strong global technology partnerships, including being the only Platinum Partner for NICE in South Asia & the Middle East, ensuring access to best-in-class CX technology.
  • The business has long-term contracts (over 40% of revenue from contracts >5 years) and strong Annual Recurring Revenue (ARR), ensuring revenue stability.
  • It shows robust financial growth, with revenue increasing by 10% and profit after tax (PAT) surging by 84% between FY24 and FY25, indicating strong operating leverage.
  • The company is licensed as a Virtual Network Operator (VNO) by the Government of India, ensuring secure service delivery and compliance.

Weaknesses

  • The company faces High Client Concentration, which is typical for high-value B2B service providers, making it dependent on a limited number of top clients.
  • The business is Working Capital Intensive, with a large portion of the IPO proceeds allocated to working capital, indicating a stretched cash cycle and liquidity risk.
  • It operates in a highly competitive market, facing competition from larger IT service providers and pure-play contact center firms in the digital transformation and CXaaS space.
  • The company has a high debt-to-equity ratio of 0.76 (FY25), although the IPO includes funds for debt repayment.
  • The significant increase in PAT in FY25 (84%) needs to be sustained over future periods to justify valuation.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)99.2295.1654.4834.51
Revenue (₹ Cr.)71.53126.16114.9173.13
PAT (₹ Cr.)7.269.755.315.06
Net Worth (₹ Cr.)0000

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Exato Technologies Ltd.9.72.5228.13%0
Black Box Limited10.4543.1430.03%759

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB8.22x13.24x327.08x
NII81.24x467.29x1,488.72x
S-HNI74.49x363.58x1,036.44x
B-HNI84.64x519.55x1,716.64x
RII75.73x391.68x1,068.74x
Total57.65x299.9x947.21x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB5,08,00016,61,59,0002,326.23
NII3,82,00056,86,90,0007,961.66
Small NII1,28,00013,26,64,0001,857.3
Big NII2,54,00043,60,26,0006,104.36
RII8,90,00095,11,80,00013,316.52
Total17,80,0001,68,60,29,00023,604.41
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Company Details

  • Exato Technologies Ltd.
  • A-33, 02nd Floor, Sector-2, Noida, Gautam Buddha Nagar, Noida, -201301
  • +91 9810430894
  • compliance@exato.ai
  • https://www.exato.ai/

Registrar Details

Frequently Asked Questions

What is the Exato Technologies SME IPO issue period?
Exato Technologies SME IPO opens on 28th November 2025 and closes on 2nd December 2025. Investors can apply within these dates through their broker or the BSE SME platform.
What is the price band and market lot for Exato Technologies SME IPO?
The price band for Exato Technologies SME IPO is ₹133.00–₹140.00 per share. The market lot is 1,000 shares, and retail investors must apply for a minimum of 2 lots (2,000 shares).
How are shares reserved in the Exato Technologies SME IPO?
Exato Technologies SME IPO offers 47.44% to QIBs, 14.28% to NIIs, 33.27% to Retail Investors, and 5.01% to Market Makers.
How can I apply for the Exato Technologies SME IPO?
You can apply through your broker's online ASBA IPO application or via trading platforms that support SME IPOs on BSE SME. Ensure correct PAN and Demat details before submitting the application.
When is the allotment and listing date for Exato Technologies SME IPO?
The tentative basis of allotment date is 3rd December 2025, refunds and demat credit on 4th December 2025, and the listing date is expected to be 5th December 2025 on BSE SME.
What is the GMP for Exato Technologies SME IPO?
GMP (Grey Market Premium) is an unofficial indicator of demand and is not regulated. Investors should use GMP only as a reference and always consider fundamentals, valuations and subscription data.
What key financials should I review before applying to Exato Technologies SME IPO?
Review revenue growth, PAT, EBITDA, net worth, borrowings, and year-on-year profitability trends. For SME IPOs, also consider liquidity and long-term contract stability.
Is the Exato Technologies SME IPO good for retail investors?
Exato Technologies operates in AI, automation, and customer experience technology. While growth is strong, SME IPOs involve higher volatility and lower liquidity. Retail investors should evaluate risk appetite and consult advisors before applying.

Exato Technologies SME IPO News & Updates

Follow the latest updates for Exato Technologies SME IPO, including grey market moves and allotment news.

Exato Technologies SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Exato Technologies SME IPO Details

Issue size, price, financials, and company info

Exato Technologies SME IPO GMP

Live grey market premium and listing estimate

Exato Technologies SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Exato Technologies SME IPO Allotment

Allotment date, chances, and check by PAN

Exato Technologies SME IPO Review

SWOT, strengths, risks, and IPO review

Exato Technologies SME IPO FAQ

Common questions on dates, GMP, and allotment

Exato Technologies SME IPO Registrar

Registrar website and how to check allotment

Exato Technologies SME IPO Timeline

Open, close, allotment, and listing dates

Exato Technologies SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Exato Technologies SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Kfin Technologies Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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