Exato Technologies SME: Check IPO Date, Live Subscription and Key Details
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 AI, automation, and cloud technologies. Originally a contact center systems integrator, it has expanded to a full-scale digital transformation provider, serving over 150 clients, including many ET500 companies, across BFSI, IT/ITES, public sector, and healthcare. Exato is the only Platinum Partner for NICE** in South Asia & the Middle East and holds a Virtual Network Operator (VNO) license from the Government of India.
Price Range
₹133.0 - ₹140.0
Issue Size
₹35.57 Cr
Lot Size
1,000 shares
IPO Type
BSE SME
GMP
₹177(+126.43%)
Est. Listing Price
₹317
Estimate Profit
₹3,54,000
Retail Portion
33.27%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
14.43
P/E Ratio
9.7
RoNW
23.03%
ROE
28.13%
Debt to 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
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 28 November 2025 | Subscription starts |
| IPO Close Date | 2 December 2025 | Subscription ends |
| Allotment Date | 3 December 2025 | Allotment |
| Listing Date | 5 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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
| Category | Reservation |
|---|---|
| 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% |
| Retail | 33.27% |
| Market Maker | 5.01% |
| Total | 100.00% |
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 Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 99.22 | 95.16 | 54.48 | 34.51 |
| Revenue (₹ Cr.) | 71.53 | 126.16 | 114.91 | 73.13 |
| PAT (₹ Cr.) | 7.26 | 9.75 | 5.31 | 5.06 |
| Net Worth (₹ Cr.) | 0 | 0 | 0 | 0 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Exato Technologies Ltd. | 9.7 | 2.52 | 28.13% | 0 |
| Black Box Limited | 10.45 | 43.14 | 30.03% | 759 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 8.22x | 13.24x | 327.08x |
| NII | 81.24x | 467.29x | 1,488.72x |
| S-HNI | 74.49x | 363.58x | 1,036.44x |
| B-HNI | 84.64x | 519.55x | 1,716.64x |
| RII | 75.73x | 391.68x | 1,068.74x |
| Total | 57.65x | 299.9x | 947.21x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 5,08,000 | 16,61,59,000 | 2,326.23 |
| NII | 3,82,000 | 56,86,90,000 | 7,961.66 |
| Small NII | 1,28,000 | 13,26,64,000 | 1,857.3 |
| Big NII | 2,54,000 | 43,60,26,000 | 6,104.36 |
| RII | 8,90,000 | 95,11,80,000 | 13,316.52 |
| Total | 17,80,000 | 1,68,60,29,000 | 23,604.41 |
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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
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- exato.ipo@kfintech.com
- https://ipostatus.kfintech.com/
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.
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