Retail Frenzy Drives Exato Technologies IPO Subscription Status: IPO to Oversubscription 947.21× on Final Day

Tuesday, 02 December 2025: The Exato Technologies IPO saw a massive inflow of applications on the final day of bidding. At 05:00 PM, the issue was oversubscribed 947.21 times as all the categories of investors showed overwhelming interest in the book building issue of ₹37.45 crores. The allotment is likely to be finalised tomorrow (Wednesday, December 03, 2025) with the listing due for BSE SME Exchange. 

Exato Technologies is a customer transformation enterprise that provides tech driven solutions to companies looking to enhance overall customer loyalty and engagement. The company has a wide range of clients from different sectors such as banking, financial services, and insurance.

Recent financials show the consistent performance of the enterprise over the past few quarters. During the previous two financial years, the revenue of the company rose by 10% and the growth in PAT was 84%. 

Exato Technologies Subscription Status

Exato Technologies’ initial public offering (IPO) witnessed overwhelming investor response, being subscribed 947.21 times as of December 2, 2025, at 5:39 PM on Day 3 of the subscription. The IPO saw robust participation across categories, with the individual investors segment recording a subscription status of 1,068.74 times, while the Qualified Institutional Buyers (QIB) excluding anchor investors category was subscribed 327.08 times, and the non-institutional investors (NII) category saw an exceptional subscription of 1,488.72 times.

Breaking down the NII segment, bids above ₹10 lakh (bNII) were subscribed 1,716.64 times, and bids below ₹10 lakh (sNII) were subscribed 1,036.44 times. Anchor investors and the market maker fully subscribed their respective portions, with anchor investors bidding for 7,61,000 shares amounting to ₹10.65 crore and the market maker for 1,34,000 shares amounting to ₹1.88 crore. 

Overall, the IPO offered 17,80,000 shares to the public, which attracted bids for 1,68,60,29,000 shares, amounting to a total subscription of ₹23,604.41 crore from 5,68,769 applications.

Exato Technologies Anchor Investment

The company had already received anchor investment worth ₹10.65 crores as 7.61 lakh shares were issued on November 27. The anchor investors include Nine Alps Trust, Vira AIF Trust, and Vikasa India EIF 1 Fund. The company is also backed by ace investor Mr Vijay Kedia who holds 4.50% pre-IPO stake in the company. 

Exato Technologies Usage of IPO Proceeds

As per the regulatory filings, the company intends to use the IPO proceeds to primarily fund the working capital requirements. In addition, the raised funds will be used product development and debt repayment. All the remaining amount is earmarked for general corporate purposes. 

Investors will be able to check their allotment status on the websites of BSE and Kfin Technologies. The listing is expected on Friday, December 5, 2025. 

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