Exato Technologies IPO Subscribed 947x: Allotment Tomorrow, Check Now
Exato Technologies SME IPO closed on December 2, 2025, and it saw a very strong response from investors. This ₹37.45 crore public issue, which will list on the BSE SME platform, received an unbelievable 947.21 times oversubscription, making it one of the most talked-about SME IPOs of the year.
This huge subscription number and the Grey Market Premium (GMP) of over 110% clearly indicate that the IPO may see a very strong listing. Here is a simple breakdown of the IPO’s demand, the company’s financials, and what this strong GMP means for investors.
Understanding the Subscription Figures
Exato Technologies’ IPO received extremely high demand from every investor category. Because of this, the chances of getting allotment for retail investors are very low, and allotment will happen through a lottery system.
Category-wise Subscription Status (Final Day)
As of 5:00 PM on December 2, 2025, the subscription numbers were:
- Non-Institutional Investors (NII): Subscribed 1,488.72 times.
- Retail Individual Investors (RII): Subscribed 1,068.74 times.
- Qualified Institutional Buyers (QIB): Subscribed 327.08 times.
This heavy demand, especially from the NII and retail categories, shows strong trust in the company’s business and expectations of good listing gains.
Exato Technologies Grey Market Premium (GMP)
The Grey Market Premium (GMP) helps investors understand what the stock may list at. For Exato Technologies, the GMP went up to around ₹150 on the last day, which is a very strong sign.
What the 100%+ GMP Means
- IPO Price Band: ₹133 to ₹140
- GMP: Around ₹150
- Estimated Listing Price: ₹140 + ₹150 = ₹290
- Possible Listing Gain: Over 107%
While GMP is not a guarantee, such a high premium usually means a strong listing is expected. Exato Technologies will list on the BSE SME platform on Friday, December 5, 2025.
About the Exato Technologies Business
Exato Technologies Limited, launched in 2016, is a Customer Transformation Partner that works on Customer Experience-as-a-Service (CXaaS) and AI-as-a-Service. The company helps businesses improve customer experience and automate operations using modern technology.
Key Business Highlights
- Core Focus: Uses AI, automation, and cloud technology to build solutions like digital customer support, conversational AI, and communication systems.
- Clients: Works with big names in BFSI, Healthcare, Retail, and Telecom. Some clients include MakeMyTrip and RBL Bank.
- Strong Backing: Well-known investor Vijay Kedia holds a 4.50% pre-IPO stake, which increases confidence in the company.
Financial Performance (FY25)
The company’s financial growth also supports the strong IPO response:
- Revenue (FY25): ₹126.16 crores (up from ₹114.91 crores in FY24)
- Profit After Tax (FY25): ₹9.75 crores — up 84% from last year
- Return on Net Worth (RoNW): 28.13%
Key Dates and Next Steps for Investors
The next important steps for applicants are:
- Allotment Finalisation: Wednesday, December 3, 2025
- Credit of Shares/Refunds: Thursday, December 4, 2025
- Listing Date: Friday, December 5, 2025 on the BSE SME platform
Conclusion
With a massive 947x subscription and a very strong GMP, Exato Technologies stands out as one of the hottest SME IPOs of the year. Allotment chances are extremely low, but those who get shares may see strong listing gains.
However, SME IPOs can be highly volatile. Long-term investors should watch how the company uses the raised funds, especially the ₹15.73 crore planned for working capital and ₹6.80 crore for product development, to continue its growth.
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