Exato Technologies Limited Unveils Upcoming IPO to Elevate Market Presence

Exato Technologies is launching an IPO, backed by investor Vijay Kedia. The offering includes 26.75 lakh shares, with plans to fund company growth and repay debts. Listed on BSE's SME platform, the company, specializing in AI-driven tech solutions, serves clients globally across various sectors.

Noida, India – Exato Technologies Limited has announced its Initial Public Offering (IPO), a strategic move to boost its market presence. Backed by renowned Ace Investor Vijay Kedia, who holds a 4.71% stake, the company plans to issue up to 26.75 lakh equity shares at a face value of ₹10 each.

The IPO comprises a fresh issue of 22.75 lakh shares and an offer for sale of 4 lakh shares by promoter Mr. Appuorv K Sinha. Scheduled for listing on the BSE SME platform, the IPO aims to fund Exato's working capital, invest in product development, and repay borrowings.

Founded in 2016, Exato Technologies is a leader in AI-driven digital transformation. The company serves over 150 clients from multiple sectors including BFSI, Telecom, and Healthcare. It boasts a ₹515 crore order book, marking significant growth prospects in India, the US, and Singapore.

(With inputs from agencies.)