GIFT City’s Inaugural IPO: XED Files for $12 Million Public Issue with $10-$10.5 Price Band, Opens on March 6

XED Executive Development has announced a $12 million initial public offering at GIFT City. The public issue will open on March 6, 2026, under the IFSCA regulatory framework. 

XED $12 Million IPO to Open on March 6, 2026 

XED Executive Development has fixed a price band of $10 to $10.5 per share for its $12 million IPO. The issue will open on March 6, 2026, and close on March 18, 2026.  

This will be the 1st share sale at Gujarat International Finance Tec City under the regulatory framework of the International Financial Services Centres Authority.  

The public issue is open to eligible investors including Non-Resident Indians, foreign portfolio investors, institutional investors and other permitted overseas participants. 

Listing and Trading Details 

The equity shares will be listed on NSE International Exchange and India International Exchange at GIFT City, India’s International Financial Services Centre.  

The shares will be traded as dollar-denominated instruments within the IFSC structure. 

Read More: NSE IX Urges SEBI to Finalize Direct Listing Guidelines for Indian Firms at GIFT IFSC! 

Business Presence Across 25 Countries 

XED Executive Development provides executive education services to senior professionals across more than 25 countries. Its operations span India, the Middle East, Southeast Asia and North America.  

The company has stated that the capital raised will be used for global programme expansion, university partnerships and delivery capabilities across key markets. 

Issue Intermediaries 

Global Horizon Capital Advisors IFSC is the sole book running lead manager to the issue. DBS Bank and RBL Bank are acting as bankers, while KFin Technologies is the registrar. The IPO reflects capital raising activity under the IFSC regulatory structure at GIFT City. 

Conclusion 

The $12 million IPO by XED Executive Development is scheduled to open on March 6, 2026, and close on March 18, 2026. With a price band of $10 to $10.5 per share and listings on NSE International Exchange and India International Exchange, the issue marks the 1st share sale at GIFT City under the IFSC framework. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.