Exato Technologies IPO is a book-built issue with a total size of ₹37.45 crore. The issue is a combination of fresh issue of 0.23 crore shares and an offer for sale of 0.04 crore shares, aiming to raise funds for the company’s business needs. The IPO opens for subscription on November 28, 2025, and will close on December 2, 2025.
The basis of allotment is expected to be finalised on December 3, 2025, and the shares are likely to be listed on BSE SME on December 5, 2025. The price band for the issue is set between ₹133 and ₹140 per share, offering investors an entry at different levels.
The minimum application size is 2,000 shares, making the minimum investment for retail investors ₹2,68,800 at the upper band. For HNI investors, the minimum lot size is 3 lots, equivalent to 3,000 shares, amounting to ₹4,20,000.
GYR Capital Advisors Private Limited is acting as the book running lead manager, while Kfin Technologies Limited has been appointed as the registrar to the issue. Giriraj Stock Broking Private Limited is serving as the market maker for this IPO.
Exato Technologies IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be deployed towards meeting the working capital requirements of the Company.
- Investment will be directed towards product development initiatives.
- A portion of the proceeds will be utilised for repayment or prepayment of certain borrowings availed by the Company.
- The balance will be earmarked for general corporate purposes.
About Exato Technologies Limited
Exato Technologies Limited is a Customer Transformation Partner that enables businesses to enhance how they serve and communicate with their consumers.
Its offerings are built around Customer Experience-as-a-Service (CXaaS) and AI-as-a-Service, supporting organisations in strengthening customer engagement, streamlining operations, and achieving measurable business outcomes.
The company develops solutions that make customer service smarter, faster, and more efficient by leveraging artificial intelligence (AI), automation, and cloud platforms.
Its tools include virtual assistants, automation features, and customer sentiment analysis, allowing enterprises to manage interactions across multiple channels—phone, chat, email, and others—in a seamless manner. These solutions help reduce costs and response times while improving overall customer experience.
Since its inception in 2016 as a contact-center systems integrator, Exato Technologies Limited has expanded into broader customer engagement and digital transformation services.
It has served over 150 clients, including several ET500 companies. More than 40% of its revenues are generated from long-term service contracts exceeding five years (approximately sixty months), underscoring continuity and strong client relationships.
The company operates with a team of over 60 engineers in India, delivering solutions to both international and domestic enterprises, ensuring a presence across global and Indian markets.
It serves clients in the USA, Singapore, and other international regions, supported by delivery partnerships, while also catering to enterprises within India.
The business is further strengthened by technology partnerships with NICE Ltd., Acumatica, and Mitel, enabling the delivery of advanced customer experience and unified communication solutions.
Exato Technologies Limited’s capabilities are reflected in the trust placed in it by leading enterprises across industries. It works with MakeMyTrip, RBL Bank, IGT Solutions Pvt. Ltd., IKS, and WNS, providing scalable, resilient, and outcome-driven customer experience solutions.
These associations demonstrate its ability to design and implement reliable CX platforms that enhance customer engagement, improve service efficiency, and create measurable business impact across sectors such as travel, banking, IT-enabled services, and business process management.
Industry Outlook
- The global customer experience and AI-led services market is expected to expand steadily through 2025, driven by rising adoption of cloud platforms, automation, and data-driven engagement models across enterprises.
- Demand for intelligent CX solutions in India continues to grow as organizations accelerate digital transformation, with investments increasingly directed toward AI-enabled service delivery, omnichannel communication, and workflow automation.
- Industry growth is further supported by enterprise spending on cloud infrastructure, analytics, and cybersecurity, reflecting a broader shift toward technology-enabled operational efficiency.
- Government initiatives promoting digital adoption, data governance, and technology-driven service delivery are expected to create a favorable environment for CX, AI, and automation players.
- As global businesses prioritise customer satisfaction and operational resilience, providers offering scalable, integrated, and secure CX platforms are positioned to benefit from rising domestic and international opportunities.
How To Apply for the Exato Technologies IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Exato Technologies IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Exato Technologies IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Exato Technologies Limited
Registered office: A-33, 02nd Floor Sector-2, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201301
Phone:+91 9810430894
E-mail:compliance@exato.ai
Exato Technologies IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,34,000 (5.01%) |
| QIB Shares Offered | 12,69,000 (47.44%) |
| − Anchor Investor Shares Offered | 7,61,000 (28.45%) |
| − QIB (Ex. Anchor) Shares Offered | 5,08,000 (18.99%) |
| NII (HNI) Shares Offered | 3,82,000 (14.28%) |
| − bNII > ₹10L | 2,54,000 (9.50%) |
| − sNII < ₹10L | 1,28,000 (4.79%) |
| Retail Shares Offered | 8,90,000 (33.27%) |
| Total Shares Offered | 26,75,000 (100.00%) |
Exato Technologies IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
Exato Technologies IPO Promoter Holding
The promoters of the company include Mr. Appuorv K Sinha and Mrs. Swati Sinha.
| Share Holding Pre-Issue | 75.85% |
| Share Holding Post Issue | - |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Exato Technologies IPO Anchor Investors Details
| Bid Date | November 7, 2025 |
| Shares Offered | 7,61,000 |
| Anchor Portion Size (In Cr.) | 10.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 2, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 2, 2026 |
Key Performance Indicators for Exato Technologies IPO
| KPI | Values |
| RoNW (%) | 23.03 |
| PAT Margin (%) | 7.85 |
| EBITDA Margin (%) | 12.64 |
| Price to Book Value | 2.52 |
| Market Capitalization (Cr.) | ₹140.92 |
| ROE (%) | 28.13 |
| ROCE (%) | 26.38 |
| Debt/Equity | 0.75 |
Exato Technologies IPO Registrar and Lead Managers
Exato Technologies IPO Lead Managers
- GYR Capital Advisors Private Limited
Registrar for Exato Technologies IPO
Kfin Technologies Limited
- Contact Number: 04067162222
- Email Address:exato.ipo@kfintech.com
- Website: https://ipostatus.kfintech.com/
Financial Performance of Exato Technologies Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Revenue from Operations (in ₹ lakh) | 12,422.95 | 11,390.73 | 7,276.27 |
| Growth in Revenue from Operations (%) | 9.06 | 56.55 | 73.56 |
| Total Income (in ₹ lakh) | 12,616.06 | 11,490.78 | 7,313.11 |
| EBITDA (in ₹ lakh) | 1,595.20 | 907.19 | 611.58 |
| EBITDA Margin (%) | 12.64 | 7.89 | 8.36 |
| Profit After Tax (PAT) (in ₹ lakh) | 974.84 | 530.56 | 505.78 |
| PAT Margin (%) | 7.85 | 4.66 | 6.95 |
Exato Technologies Limited Peer Comparison
| Company Name | Revenue FY 2024-25 (₹ lakh) | EBITDA Margin (%) | PAT FY 2024-25 (₹ lakh) | PAT Margin (%) |
| Exato Technologies Limited | 12,422.95 | 12.64 | 974.84 | 7.85 |
| Black Box Limited | 596,691 | 9.08 | 20,478 | 3.43 |
Strengths and Opportunities of Exato Technologies Limited
- Integrated AI, automation, and CX delivery model with proprietary frameworks and accelerators.
- Deep domain expertise across high growth verticals with sectoral diversity.
- Experienced promoter and senior management team.
- Strong capabilities in leveraging AI and automation to enhance service efficiency and open new revenue streams.
- Ability to deliver next generation virtual agents and knowledge bases using generative AI.
- Expertise in omni channel and mobile first CX solutions, enabling upselling of advanced modules like social media bots and video support.
- Positioned to capitalise on growth in emerging markets and the rapidly digitising Indian economy.
- Focus on personalised, data-driven customer experiences to drive retention and loyalty.
Risks and Threats of Exato Technologies Limited
- Data localisation and regulatory requirements may delay solution deployments, especially in BFSI and government sectors.
- Vendor lock-in concerns as enterprises increasingly demand interoperability across platforms such as Teams, Zoom, and others.
- Commoditisation of basic calling features, pressuring vendors to differentiate through AI, analytics, and integrations.
- Last-mile connectivity challenges in emerging markets affecting video and voice quality.
- Rapidly evolving technology landscape requiring continuous investment in AI and automation capabilities.
- Increasing competition from both established players and new entrants in the CX and AI solutions space.
- Dependency on client adoption of omni-channel and digital transformation initiatives for revenue growth.
- Potential cybersecurity and data privacy risks as customer interactions become more digital and data-driven.
