XED to Launch Initial Public Offering in GIFT City, Seeking $12 million in Funding

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

XED Executive Development, a leading provider of executive learning solutions, has announced the pricing of its initial public offering (IPO) at a fixed price band of $10-10.5 per share, aiming to raise $12 million. The IPO will open for subscription at GIFT City on March 6 and conclude on March 18.

The IPO will be listed on NSE International Exchange (NSE IX) and India International Exchange (India INX) at GIFT City, India's International Financial Services Centre, and will be traded in a dollar-denominated instrument. The public issue is open to eligible investors under the IFSCA framework, including Non-Resident Indians (NRIs), foreign portfolio investors, institutional investors, and other permitted overseas participants.

The proceeds from the IPO will be utilized to accelerate global program expansion, deepen university partnerships, and invest in delivery capabilities across key markets. XED Executive Development serves senior professionals across more than 25 countries, with operations spanning India, the Middle East, Southeast Asia, and North America.

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Global Horizon Capital Advisors (IFSC) is the sole book running lead manager, while DBS Bank and RBL Bank are the bankers, and KFin Technologies is the registrar of the issue. This IPO marks a significant milestone for the IFSC ecosystem, setting a strong precedent for globally oriented companies evaluating GIFT City as an offshore capital-raising platform.