India’s first IPO from GIFT CITY to open now on March 16

Mumbai,11 March 2026:  XED Executive Development, which is aspiring to be the first company from GIFT City, India’s International Financial Services Centre (IFSC), to launch an IPO, has rescheduled the opening of its IPO to March 16 with Issue priced at US$ 10-10.5 per share  and the issue will close on March 24, 2026.

The prevailing uncertainties in the Gulf region have led to the decision to reschedule the date of opening from March 6, the company said and added that it has received the necessary approvals from GIFT City- IFSC authorities as well as listing exchanges. The shares will be listed on NSE International Exchange (NSE IX) and India International Exchange (India INX) at GIFT City

Global Horizon Capital Advisors (IFSC) is the sole Book Running Lead Manager to the issue, and DBS Bank and RBL Bank are the bankers. KFin Technologies is the registrar for the issue. The offering marks a historic milestone as the first IPO to open from GIFT City, India’s International Financial Services Centre.

The IPO is open to eligible investors under the International Financial Services Centres Authority (IFSCA) framework, including Non-Resident Indians (NRIs), foreign portfolio investors, institutional investors, and other permitted overseas participants. The shares will be traded in a dollar-denominated instrument.

The company’s listing aligns with its international operating model, serving senior professionals across more than 25 countries with a presence spanning India, the Middle East, Southeast Asia, and North America.

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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)