XED Executive Development IPO: GIFT City Sees First IPO; Price Band, Issue Size | All You Need to Know

XED Executive Development has opened an initial public offering on 16 March 2026 from GIFT City, Gujarat. The issue is the first IPO to originate from India's International Financial Services Centre. Shares are fully priced in US dollars and will remain open for subscription until 24 March 2026 for eligible overseas investors.

The company plans to raise $12 million through this offer, with shares proposed for listing on NSE International Exchange and India International Exchange at GIFT City. The price band has been fixed between $10 and $10.5 per share. The public issue is structured entirely under the IFSC framework, reflecting a focus on international capital.

XED Executive Development IPO strengthens GIFT City IPO ecosystem

This IPO is viewed as a key stage in building the IFSC ecosystem at GIFT City. Market participants see the listing as helping position GIFT City as an international financial centre that can attract global institutional money. Authorities had originally planned the IPO for 6 March 2026, but it was deferred because of geopolitical tensions in the Middle East.

Global Horizon Capital Advisors (IFSC) is handling the role of sole book running lead manager for the XED Executive Development IPO. DBS Bank Ltd. and RBL Bank Ltd. are acting as bankers to the issue, while KFin Technologies is responsible for registrar services. Transactions in the issue are carried out only in US dollars, in line with IFSC rules.

XED Executive Development IPO details and investor participation

Participation in the XED Executive Development IPO is open to Non-Resident Indians, foreign portfolio investors, institutional investors and other eligible overseas participants allowed under the IFSCA regulations. Investors must route applications through brokers or intermediaries registered with GIFT City-IFSC.

Key offer terms for the XED Executive Development IPO are summarised below for reference by market participants and analysts.

Parameter	Details
Issuer	XED Executive Development
Issue type	Initial Public Offering (IPO)
Issue opening date	16 March 2026
Issue closing date	24 March 2026
Price band	$10 to $10.5 per share
Issue size	$12 million
Currency	US dollars
Proposed listings	NSE International Exchange, India International Exchange
Issue jurisdiction	GIFT City–IFSC
Lead manager	Global Horizon Capital Advisors (IFSC)
Bankers	DBS Bank Ltd., RBL Bank Ltd.
Registrar	KFin Technologies

XED Executive Development started operations in 2018 and runs a global executive education platform. The company focuses on leadership and management programs for senior professionals. Clients include senior leaders from Fortune 500 companies. Operations span India, the Middle East, Southeast Asia and North America, with courses tailored to the requirements of senior corporate participants.

Once the XED Executive Development IPO process concludes, the shares are expected to trade on NSE IX and India INX at GIFT City. The listing will give investors exposure to an education-focused company within an international market framework.