Exato Technologies IPO: Price, GMP, Analysis, And Details

Exato Technologies IPO- Company Analysis

Exato Technologies IPO under the SME IPO category is a book build issue of Rs. 37.45 Cr by Exato Technologies Ltd., and is an IT solution and digital service provider. The company operates in several areas in technology, including:

- Digital transformation solutions.

- Product engineering.

- Cloud services.

- Enterprise technology consulting.

- Software development and integration.

The company has a multi-entity structure, including Exato.AI Inc. (USA) and Exato.AI Pte Ltd. (Singapore) Assoc. Exato Infotech Pvt. Ltd., India. The income model includes recurring revenue from digital services, enterprise IT solutions, and contract consulting projects.

Exato Technologies IPO Details

The Exato Technologies IPO date of opening is 28 November 2025, its initial public offering will end on 02 Dec, IPO allotment on Dec 03 and refund initiation on Dec 04, 2025.

The Rs. 37.45 crore new SME IPO comprises a combination of fresh issue of 0.23 crore shares (Rs. 31.85 Cr) and an offer for sale (OFS) of 0.04 crore shares (Rs. 5.60 Cr).

The Exato Technologies IPO listing date (expected) might be on Friday, Dec 05, 2025, and listing at the BSE and SME. 

The Exato Technologies IPO price band is Rs. 133 to Rs. 140.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Nov 28, 2025
IPO Closing Date	Dec 02, 2025
IPO Allotment Date	Dec 03, 2025
Refund Initiation	Dec 04, 2025
IPO Listing Date	Dec 05, 2025

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	95.16	54.48	34.51
Total Income	126.16	114.91	73.13
PAT	9.75	5.31	5.06
EBITDA	15.95	9.07	6.12
Reserves & Surplus	42.29	26.99	21.69
Total Borrowing	31.63	16.52	6.21

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1,267.76	(1,412.26)	1,039.71
Net Cash Flow Investing Activities	(1,169.91)	(545.61)	(11.25)
Net Cash Flow Financing Activities	1,883.40	919.53	464.86

Revenue Bifurcation

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Funding the company's working capital requirements. ~ Rs. 15.73 Cr.

• Investment in product development. ~ Rs. 6.80 Cr.

• Repayment/prepayment of all or certain of the borrowings availed of by the company. ~ Rs. 2.53 Cr.

• General corporate purposes. 

 

Listed Peers of Exato Technologies Ltd.

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
Black Box Limited	2	12.16	45.99

 

Valuation

KPI	Values
ROE	28.13%
ROCE	26.38%
Debt/Equity	0.75
RoNW	23.03%
PAT Margin	7.85%
EBITDA Margin	12.64%
Price to Book Value	2.52

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 13.86 from the last year, the resulting P/E ratio is 10.10x.

Explore the Mother Nutri IPO.

IPO's Strengths

• Strong positioning in digital IT offerings.

• Growing global reach through international subsidiaries.

• Steady rise in revenues and improving margins.

• Solid Return on Equity and Return on Capital Employed.

• Recurring revenues through enterprise clients. 

IPO’s Weaknesses

• Presence in the intensely competitive IT services sector.

• Reliance on a few important customers.

• Year-to-year cash flow unpredictability.

• Higher debt-to-equity ratio compared to other IT peers. 

 

Exato Technologies IPO GMP (Grey Market Premium)

Exato Technologies IPO GMP today is Rs. 75 as of 26 Nov 2025 at the time of writing this information.

Exato Technologies IPO Summary

The Exato Technologies IPO has a market maker portion size of 1,34,000 Shares (Rs. 1.88 Cr).

IPO Opening & Closing Date	28 Nov, 2025 to 02 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 133 to Rs. 140 per Share.
Lot Size	1000 Shares
Issue Size	26,75,000 Shares (Rs. 37.45 Cr)
Offer for Sale	4,00,000 Shares (Rs. 5.60 Cr)
Fresh Issue	21,41,000 Shares (Rs. 29.97 Cr)
Listing at	BSE, SME
Issue Type	Book build issue IPO
Registrar	Kfin Technologies Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,80,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3000 Shares) for Rs. 4,20,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Exato Technologies IPO Allotment Status

To check the Exato Technologies IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Exato Technologies Ltd.

• Mr. Appuorv K Sinha.

• Mrs. Swati Sinha. 

Pre-Issue Promoter Shareholding	75.85%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• GYR Capital Advisors Pvt. Ltd. 

 

Dividend Policy

The company has declared and paid a dividend of Rs. 0.1 per equity share during the 2023-2024 financial year.

 

Conclusion

Exato Technologies' IPO appears attractive because of its strong ROE/ROCE data, expanding margin, and strong financial growth. Additionally, its valuation appears fair in relation to the price range, providing investors with comfort.  However, investors should weigh the risk-reward ratio before applying due to the competitive IT services market and cash-flow volatility. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.