New Delhi, February 17 XED Executive Development Ltd has filed papers to raise approximately USD 12 million through its initial public offering (IPO), paving the way for the first public offering to be launched from GIFT City, India's International Financial Services Centre (IFSC).
The company's IPO is expected to open for subscription in the first week of March 2026, according to its statement.
This offering marks a significant milestone for Gujarat International Finance Tec-City, India's IFSC, as it prepares to launch its first public offering under the regulatory framework of the International Financial Services Centres Authority (IFSCA).
XED stated that it has secured approvals from the stock exchanges and has filed its Red Herring Prospectus with the Registrar of Companies (RoC) after completing all regulatory requirements.
The IPO will be open to eligible investors under the IFSCA framework, including non-resident Indians (NRIs), foreign portfolio investors (FPIs), institutional investors, and other permitted overseas participants.
The shares will be listed on the NSE International Exchange and the India International Exchange in GIFT City, and will be traded as dollar-denominated instruments, targeting overseas investors.
The anchor investor portion of the issue is expected to close by the end of this month.
XED Executive Development is a leading provider of executive education, serving senior professionals across more than 25 countries, with operations spanning India, the Middle East, Southeast Asia, and North America.
