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Exato Technologies IPO: The Rs 37-Crore SME IPO Gets Bids Worth Rs 23,600 Crore; GMP Surges To 114%
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Exato Technologies IPO: Unlisted shares of Exato Technologies Ltd are trading at Rs 300 apiece in the grey market, which is a GMP of whopping 114.29% over the IPO price of Rs 140.
Exato Technologies IPO Day 3.
Exato Technologies IPO Day 3: The initial public offering (IPO) of Exato Technologies Ltd, which opened on Friday, witnessed its final day of bidding today, Tuesday, December 2. The Rs 37.5-Crore BSE SME IPO closed at 5:00 pm today. On the last day of bidding on Tuesday, the IPO received a whopping 947.21 times subscription, receiving bids for 1,68,60,29,000 shares as against the 17,80,000 shares on offer. With this, the IPO received bids worth Rs 23,600 crore.
Its retail category got a 1,068.74x subscription, while its non-institutional investor (NII) quota got a 1,488.72x subscription. The QIB category received a 327.08x subscription.
Exato Technologies IPO GMP Today
According to market observers, unlisted shares of Exato Technologies Ltd are currently trading at Rs 300 apiece in the grey market, against the upper IPO price of Rs 140. It means a grey market premium (GMP) of a whopping 114.29%, indicating a blockbuster listing for the company.
The GMP had stood at 107.14% in the morning and 93.57% on Monday.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The price band of the IPO has been fixed at Rs 133-140 per equity share.
Exato Technologies IPO: Allotment & Listing Dates
The three-day IPO bidding will be closed today, December 2. Following this, its allotment will be finalised on December 3. However, its market listing will take place on December 5 on the BSE SME platform.
Exato Technologies IPO: More Details
The Exato Technologies IPO is a book-built issue worth Rs 37.45 crore, comprising a fresh issue of 0.23 crore shares amounting to Rs 31.85 crore and an offer for sale of 0.04 crore shares worth Rs 5.60 crore.
The company has set a price band of Rs 133 to Rs 140 per share. The lot size is 1,000 shares, translating into a minimum retail investment of Rs 2,80,000 for two lots at the upper price band. For high-net-worth individuals (HNIs), the minimum investment is 3 lots (3,000 shares), totalling Rs 4,20,000. GYR Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, Kfin Technologies Ltd. is the registrar, and Giriraj Stock Broking Pvt. Ltd. is the market maker.
Financially, Exato Technologies reported a 10% rise in revenue and an 84% jump in profit after tax between FY24 and FY25.
Founded in 2016, the company positions itself as a customer transformation partner, offering technology-led solutions aimed at improving customer engagement and operational efficiency. Its service portfolio spans CX and analytics, unified communications and infrastructure, and its proprietary platform Exato IQ.
The company caters to clients across BFSI, healthcare, retail, telecom, manufacturing, and the IT/ITeS and BPO/KPO sectors, leveraging AI, automation, and cloud technologies to deliver scalable and intelligent customer service solutions.
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Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
People walk past a Nike store in New York City, on April 2, 2025.
Kylie Cooper | Reuters
Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department.
In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s broader “Win Now” turnaround strategy aiming to reshape its technology team, modernize its Air manufacturing, move some of its Converse Footwear operations and integrate its materials supply chain work into its footwear and apparel supply chain teams.
“Collectively, these changes will result in a reduction of approximately 1,400 roles in global operations, with the majority in technology,” Alagirisamy wrote. “These reductions are very hard for the teammates directly affected and for the teams around them, too.”
A Nike spokesperson said the layoffs are about better positioning the organization for the current pace of sports and accelerating its growth. The layoffs affect employees across North America, Asia and Europe and represent less than 2% of the company’s total global head count.
“This is not a new direction,” Alagirisamy wrote. “It is the next phase of the work already underway.”
Affected employees will be notified beginning Thursday, Nike added.
CEO Elliott Hill has been working to turn Nike around after years of slumping sales. While Hill has made some initial progress, it’s come with some bumps in the road.
Nike announced 775 job cuts in January, primarily at its U.S.-based distribution centers, due to the company’s work in accelerating its use of automation. At the time, the company said the cuts are part of Nike’s goal to return to “long-term, profitable growth.”
Those layoffs came on top of a round of cuts last summer that affected less than 1% of Nike’s corporate staff as part of the company’s efforts to realign the business.
In its third fiscal quarter earnings report last month, the retailer warned that sales will continue to fall for the rest of the year, primarily led by an anticipated 20% decline in China during the current quarter.
— CNBC’s Jessica Golden contributed to this report.
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