XED To Launch GIFT City’s First USD 12 Million IPO; Public Issue Opens March 6

XED Executive Development Fixes IPO Price Band at USD 10-10.5 per Share

XED Executive Development, a leading provider of executive learning solutions, has announced the price band for its initial public offering (IPO) at USD 10-10.5 per share. The USD 12 million IPO will open for subscription at GIFT City on March 6.

Key IPO Details:

• Price Band: USD 10-10.5 per share
• IPO Period: March 6 - March 18

Eligible Investors:

The public issue is open to eligible investors under the IFSCA framework, including:

• Non-Resident Indians (NRIs)
• Foreign Portfolio Investors
• Institutional Investors
• Other Permitted Overseas Participants

Listing and Intermediaries:

XED Executive Development is a leading provider of executive education, serving senior professionals across more than 25 countries. The equity shares will be listed on:

• NSE International Exchange (NSE IX)
• India International Exchange (India INX)

The listing will take place at GIFT City, India's International Financial Services Centre, and will be traded in a dollar-denominated instrument.

Book Running Lead Manager and Intermediaries:

Global Horizon Capital Advisors (IFSC) is the sole book-running lead manager, while:

• DBS Bank and RBL Bank are the bankers
• KFin Technologies is the registrar of the issue