Vijay Kedia-Backed Exato IPO GMP Shoots 93.5%, Subscribed 200x On Day 2 So Far| All You Need To Know

Exato Technologies IPO: Small and Medium Enterprises (SME IPO), Exato Technologies Limited, is receiving heightened investor interest and a strong grey market premium (GMP). Ace investor Vijay Kedia-backed tech company's IPO opened for subscription on Friday, November 28. Exato Technologies IPO has been subscribed over 198.44 times on day 2 so far.

Exato Technologies IPO GMP Today

Vijay Kedia-backed Exato Technologies IPO GMP surged over 90% since 27 November. Exato IPO GMP today stood at Rs 150, according to investorgain.com. Considering the IPO GMP Today, Exato Technologies IPO is estimated to be listed for Rs 290 per share, as per investorgain.com. Investors must note that a company's IPO GMP is not an accurate indicator of its listing day performance. Rather, it reflects the demand in the unregulated grey market.

Exato Technologies IPO Subscription Status Day 2

Exato Technologies has been subscribed to over 198.44 times on the second day of subscription. The SME IPO has been subscribed over 268.29 times in the individual investors category, 8.53 times in the Qualified Institutional Buyers (QIB) (Ex-Anchor), and over 288.24 times in the NII category till 2 pm, as per Chittorgarh.com.

Exato Technologies IPO: Upper Price Band, Lot Size, Other Details

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.

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 company has fixed upper price band at Rs 133 to Rs 140 per share. The lot size for application is 1,000 and the minimum amount of investment required by an individual investor is Rs 2,80,000. Whereas, the minimum amount of investment by HNI is 3 lots, worth Rs 4,20,000.

GYR Capital Advisors Private Limited is acting as the Book Running Lead Manager for the Exato Technologies IPO, while BSE will serve as the designated stock exchange. The price band and minimum bid lot will be declared later, ahead of the opening of the public issue.
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.

Exato Technologies IPO Details

Founded in 2016, the Noida-based tech firm focuses on AI-led digital transformation, customer experience automation, omnichannel communication platforms and cloud infrastructure solutions. The company has nearly 150 clients across 10 countries.