XED Executive Development has postponed the launch of its Initial Public Offering (IPO) to March 16 from the earlier planned date of March 6, 2026, as per Reuters report.
The company said the revised schedule reflects uncertainty arising from the ongoing geopolitical tensions in the Middle East.
The offer will remain open for subscription until March 24. The executive education platform plans to raise around $12 million through the issue.
The shares will be listed on the NSE International Exchange and the India International Exchange, both located in Gujarat International Finance Tec-City (GIFT City).
The financial hub in Gujarat operates as India’s International Financial Services Centre and is designed to attract overseas capital.
The offering is expected to be the first public issue from a company operating through the GIFT City platform.
As per reports, the decision to defer the issue comes at a time when financial markets have seen volatility linked to the conflict involving the United States and Israel against Iran.
Oil prices moved above $119 per barrel on Monday as the situation escalated. Equity markets also showed weakness, with India’s Nifty 50 index closing at 24,028.05, its lowest level in about 10 months. The index has declined roughly 4.6% since the conflict began.
The IPO will be available to investors permitted under the framework of the International Financial Services Centres Authority. Eligible participants include non-resident Indians, foreign portfolio investors, institutional investors and other overseas investors.
Shares will be issued as dollar-denominated instruments, allowing investors to trade and exit the investment through a foreign currency platform within GIFT City’s offshore market structure.
XED Executive Development provides executive education programmes and operates in more than 25 countries. Its presence spans India, the Middle East, Southeast Asia and North America, serving senior professionals across multiple industries.
Global Horizon Capital Advisors (IFSC) is the sole book-running lead manager for the issue. DBS Bank and RBL Bank are acting as bankers to the offering, while KFin Technologies has been appointed as the registrar.
Read More: Upcoming IPOs in March 2026!
With the revised timeline, the company expects to proceed with the listing process within March. The offering would represent the first IPO originating from GIFT City’s international financial platform.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.
Published on: Mar 10, 2026, 10:13 AM IST
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