Exato Technologies Limited
Bookbuilding IPO · BSE
- Price band
- ₹133 - ₹140
- Lot size
- 1,000 shares
- Issue amount
- ₹37.45 cr
- Total subscription
- 947.28×
- Opens
- 28 Nov 2025
- Closes
- 2 Dec 2025
- Allotment
- 3 Dec 2025
- Listing
- 5 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 26,75,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,33,000
- Fresh issue
- ₹31.85 cr
- Offer for sale
- ₹5.6 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 77,90,371
- Shares after issue
- 1,00,65,371
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,80,000 |
| sHNI | 3 | 3,000 | ₹4,20,000 |
| bHNI | 8 | 8,000 | ₹11,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 2 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 222 |
| NIB | 0 | 90,377 |
| RETAIL | 445 | 4,75,590 |
| HNIs(10L +) | 85 | 50,498 |
| HNIs (2-10L) | 43 | 39,879 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.11 | 2,326.23 |
| FIIs | 0 | 703.81 |
| Mutual Funds | 0 | 26.99 |
| Others | 0 | 1,364.78 |
| RETAIL | 12.46 | 13,316.52 |
| NIB | 5.35 | 7,963.54 |
| HNIs 2+ | 1.79 | 1,857.3 |
| HNIs 10+ | 3.56 | 6,106.24 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 15.81 | 28.13 | 21.78 | 31.94 |
| ROCE | 19.27 | 26.38 | 23.16 | 21.28 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 11.19 | 0 | 0 |
| POST IPO(PE) | 9.7 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Black Box Limited | 45.99 | 556.95 | 2.00 | 44.80 | 26.99 | 12.16 |
| Exato Technologies Ltd | 11.19 | 0 | 10.00 | 55.56 | 23.03 | 13.86 |
Company information
Company profile
Exato Technologies Limited, incorporated in 2016, is a customer transformation partner that provides technology-driven solutions to improve customer engagement and operational efficiency. The company focuses on CXaaS and AI-as-a-Service, offering intelligent, scalable systems that use AI, automation, and cloud platforms to deliver faster and smarter customer service. With a team of over 60 engineers in India and global delivery partnerships in regions like the USA and Singapore, Exato works with major clients including MakeMyTrip, RBL Bank, IGT Solutions, IKS, and WNS. Supported by collaborations with NICE Ltd., Acumatica, and Mitel, it provides integrated solutions in customer experience, ERP, and unified communications. Its services span CX and Analytics, Unified Communications and Infrastructure, and Exato IQ, serving sectors such as BFSI, Healthcare, Retail, Telecom, Manufacturing, and IT/ITeS & BPO/KPO. As of August 31, 2025, the company employs 134 permanent staff members.
Strengths
- Robust Global Technology Collaborations: The company is a Platinum Partner of NICE in South Asia and the Middle East, winning Partner of the Year for four straight years (2021–2024). Its alliances with NICE, Mitel, and Acumatica give access to advanced tech, early product releases, and specialized training, enhancing strength in CCaaS, conversational AI, automation, and cloud transformation.
- Growing Subscription Revenue Backed by Long-Term Deals: A major share of revenue comes from long-term service contracts, usually lasting 60 months. Annual Recurring Revenue (ARR) has risen to 57% of total revenue in 2025, compared to 48% in 2023 and 2024, reflecting strong subscription growth and customer reliance on its mission-critical solutions.
- Seasoned Leadership with Strong Industry Background: The company is led by a promoter with over 20 years of experience in customer experience, analytics, and enterprise technology, including senior positions at NICE. His global perspective, supported by a skilled senior management team, helps the company execute complex transformation projects and build high-value global partnerships.
Risk factors
- Fast-Evolving Technology Landscape: The sectors the company operates in—CX solutions, automation, and enterprise software—are changing rapidly. Falling behind in advancements across AI, ML, RPA, cloud, or analytics could reduce competitiveness and lead to loss of customers, market share, and revenue.
- High Dependence on Core Technology Partners: A major part of the company’s offerings relies on collaborations with NICE, Mitel, Acumatica, and other global tech providers. Any disruption, change, or termination of these partnerships may affect access to essential platforms, technical know-how, and product updates, impacting service delivery and business performance.
- Heavy Reliance on Leadership & Key Talent: The company’s expansion depends significantly on the expertise, industry network, and active involvement of its Promoters and senior leadership team. Losing key individuals or failing to attract and retain skilled professionals could weaken operations, slow customer acquisition, and affect long-term business stability.
Promoters
Mr. Appuorv K Sinha
Mrs. Swati Sinha
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-33, 02nd Floor Sector-2, Noida Gautam Buddha Nagar Noida, Uttar Pradesh, 201301
+91 9810430894
[email protected]Company website ↗Understanding EXATO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.