XED Executive Development has made history as the first company from GIFT City to launch an Initial Public Offering (IPO), opening its issue for public subscription on 16 March 2026. The offering, fully denominated in US dollars, will remain open until 24 March 2026 and is exclusively available to eligible overseas investors. The company aims to raise $12 million through this IPO, with shares priced between $10 and $10.5 each. Post-issue, the shares are proposed to be listed on NSE International Exchange (NSE IX) and India International Exchange (India INX) at GIFT City. The entire issue has been structured under the International Financial Services Centre (IFSC) framework, highlighting its global capital focus.
Market experts believe this listing could strengthen GIFT City’s position as an emerging international financial hub, capable of attracting global institutional investments. The IPO was initially scheduled for 6 March 2026 but was postponed due to geopolitical tensions in the Middle East. Global Horizon Capital Advisors (IFSC) is acting as the sole book-running lead manager for the issue. DBS Bank Ltd. and RBL Bank Ltd. are serving as bankers, while KFin Technologies has been appointed as the registrar. In line with IFSC norms, all transactions in this IPO are conducted in US dollars.
Participation is open to Non-Resident Indians (NRIs), foreign portfolio investors (FPIs), institutional investors, and other eligible overseas participants as per IFSCA regulations. Investors are required to apply through brokers or intermediaries registered within the GIFT City IFSC ecosystem. Founded in 2018, XED Executive Development operates a global executive education platform, offering leadership and management programs tailored for senior professionals. Its clientele includes executives from Fortune 500 companies, with operations spanning India, the Middle East, Southeast Asia, and North America. Following the completion of the IPO process, XED Executive Development’s shares are expected to begin trading on NSE IX and India INX, offering investors exposure to a specialized education-focused business within an international financial framework.
Issuer: XED Executive Development
Issue Type: Initial Public Offering (IPO)
Opening Date: 16 March 2026
Closing Date: 24 March 2026
Price Band: $10 to $10.5 per share
Issue Size: $12 million
Currency: US dollars
Proposed Listings: NSE International Exchange (NSE IX), India International Exchange (India INX)
Jurisdiction: GIFT City – IFSC
Lead Manager: Global Horizon Capital Advisors (IFSC)
Bankers to the Issue: DBS Bank Ltd., RBL Bank Ltd.
Registrar: KFin Technologies