Last Call For Investors! Exato Tech IPO Subscribed 450x on Day 3; Check Vijay Kedia-Backed IPO GMP Today

Exato Tech IPO GMP Today: Exato Technologies Limited initial public offering (IPO) is all set to conclude for subscription on Tuesday, December 2. Ace investor Vijay Kedia-backed Small and Medium Enterprises (SME) IPO has been subscribed over 450 times on the third day of subscription so far.

Exato Technologies IPO grey market premium (GMP) continued to remain high on day 3, indicating strong demand for the company in the unregulated market. For investors who are willing to know about Exato Technologies IPO, here are all the details they need to know.

Exato Technologies IPO Subscription on Day 3

The SME IPO has been subscribed around 450 times on the third day. The issue will close for subscription today. Despite being an SME IPO, the issue has been subscribed over 709.64 times in the NII category and 30.83 times in the QIB category, as per Chittorgarh.com data till 11:29 am today.

Exato Technologies IPO GMP Today

Exato IPO GMP today remained high on Tuesday, December 2. Its IPO GMP Today stood at Rs 150 per gram today, as per investorgain.com. Which means that Exato IPO Technology is estimated to be listed at a price of Rs 290 per share (which is the sum of price band and IPO GMP Today). Invetors must understand that IPO GMP indicates the demand of an IPO in the unregulated market and is not an accurate indicator of the company's listing.

Exato Technology IPO Details

The company has fixed upper price band at Rs 133-140 per share. The lot size for application is also fixed at 1,000. Since it is an SME IPO and not a mainboard IPO, the minimum amount of investment required by an individual investor in Exato Technology is Rs 2,80,000. Whereas, the minimum amount of investment by HNI is 3 lots, worth Rs 4,20,000.

The Exato Technologies IPO will consist of up to 26,75,000 equity shares with a face value of Rs 10 each. The company works in digital transformation, customer experience technology and cloud-led services.

Exato Technology IPO, Backed By Vijay Kedia

The IPO combines a fresh issue of up to 22,75,000 shares with an offer for sale of up to 4,00,000 shares by promoter Appuorv K Sinha. Exato is backed by ace investor Vijay Kedia and family, who together hold 4.71% equity in the company.

The Exato Technologies IPO will follow the standard SME allocation rules across investor categories. Not more than 50% of the net offer will be available for Qualified Institutional Buyers, while up to 60% of that QIB portion may be allocated to Anchor Investors.