The offering marks a major step for Gujarat International Finance Tec-City, India's IFSC, as it prepares to see its first public issue under the regulatory framework of the International Financial Services Centres Authority (IFSCA).

GIFT City's First IPO: XED Seeks $12 Million, Issue Opens In March 2026

XED Executive Development Ltd Launches IPO from GIFT City, India's IFSC

XED Executive Development Ltd has submitted papers to raise approximately USD 12 million through its initial public offering (IPO), marking a significant milestone for India's International Financial Services Centre (IFSC) at GIFT City.

The company's IPO is slated to open for subscription in the first week of March 2026, as stated in its latest announcement.

Key Highlights of the IPO

Objective: To raise USD 12 million through the initial public offering.
Listing: The shares will be listed on NSE International Exchange and India International Exchange at GIFT City.
Trading: The shares will be traded as dollar-denominated instruments, targeting overseas investors.
Eligible Investors: Non-resident Indians (NRIs), foreign portfolio investors (FPIs), institutional investors, and other permitted overseas participants.

XED Executive Development has secured approvals from the stock exchanges and filed its Red Herring Prospectus with the Registrar of Companies (RoC) after completing all regulatory requirements.

About XED Executive Development Ltd

XED Executive Development Ltd is a leading provider of executive education, serving senior professionals across more than 25 countries, with operations spanning India, the Middle East, Southeast Asia and North America.

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