Exato Technologies IPO sees record-breaking demand
Exato Technologies's IPO was oversubscribed by an eye-popping 731 times as of December 2, 2024, 2:30pm drawing huge interest from all investor categories, including retail and non-institutional investors.
The issue, open from November 28 to December 2, had a price band of ₹133-140 per share.
How much did they raise?
The company raised ₹37.45 crore through the IPO. Shares were so popular that their gray market premium soared to ₹150 as of December 2, 2024—over double the top issue price, although listing gains for SME issues may be capped at 90%.
Allotment happens on December 3, 2024 and shares will debut on the BSE SME platform December 5, 2024.
What does Exato Technologies actually do?
Founded in 2016, Exato helps businesses connect with customers and run smoother operations using tech like AI and cloud services.
They work with over 150 clients—including MakeMyTrip and RBL Bank—across industries like finance, telecom, healthcare, and more in India, the US, and Singapore.
Where's the money going?
Funds from this IPO will go toward working capital, new product development, paying off some loans, and general business needs.
If you applied for shares, you can check your allotment status on BSE or Kfin Technologies's websites.