Exato Technologies IPO

24 Nov 2025

JM Financial Services

Infographic showing Exato Technologies revenue, PAT growth, and IPO fund utilisation

Introduction:-

Exato Technologies is a Noida-based IT and product engineering company that builds AI‑enabled, cloud‑ready software solutions for enterprises across BFSI, retail, manufacturing, and digital businesses. Its SME IPO is aimed at strengthening working capital, accelerating product development, and reducing debt to support the next leg of growth.

Key IPO terms:

IPO type: SME, book‑built
Issue structure: Fresh issue only
Issue size: ~₹37.66 crore (approx.)
IPO open / close: 28 November – 2 December 2025
Allotment: 3 December 2025
Listing: 5 December 2025 (SME platform, likely NSE Emerge/BSE SME)
Price band: Noted in RHP (implied from lot value: ~₹140 per share)
Market lot: 2,000 shares
Minimum retail application: 2 lots = 2,000 shares (₹2,80,000)
Anchor portion: 7,61,000 shares (28.45% of issue)

Business Overview

Exato Technologies positions itself as an “AI‑first” IT services and product company. It offers:

Custom software development (web, mobile, enterprise applications)
AI / data‑driven solutions, automation and analytics
Cloud migration, DevOps and managed services
In‑house product platforms that support long‑term, recurring revenue.

The company serves domestic and overseas clients, focusing on high‑margin, high‑complexity projects rather than pure body‑shopping. This mix of project work plus product IP is what the IPO is designed to scale further.

Financial Performance

Exato Technologies Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	99.22	95.16	54.48	34.51
Total Income	71.53	126.16	114.91	73.13
Profit After Tax	7.26	9.75	5.31	5.06
EBITDA	11.46	15.95	9.07	6.12
Reserves and Surplus	41.96	42.29	26.99	21.69
Total Borrowing	27.98	31.63	16.52	6.21
Amount in ₹ Crore

Key metrics (FY25):

PAT margin: 7.85%
EBITDA margin: 12.64%
ROE: 28.13%
ROCE: 26.38%
Debt‑equity: 0.75
EPS (basic): ₹13.86
NAV: ₹55.56

These numbers show a reasonably profitable, growing SME with improving return ratios.

Objectives of the IPO

As per the RHP/objectives section, proceeds will be used for:

Working capital: ₹15.73 crore to support larger ticket projects and longer receivable cycles.
Product development: ₹6.80 crore for further building out Exato’s product stack and IP.
Debt reduction: ₹2.53 crore for repayment/prepayment of borrowings.
General corporate purposes: Brand building, hiring, tech infrastructure, and contingencies.

IPO Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

IPO Reservation

Exato Technologies IPO offers total 26,75,000 shares. Out of which 12,69,000 (47.44%) allocated to QIB, 5,08,000 (18.99%) allocated to QIB (Ex- Anchor), 3,82,000 (14.28%) allocated to NII 8,90,000 (33.27%) allocated to RII and 7,61,000 (28.45%) allocated to Anchor investors.

How To Apply for the Online?

Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app:

Log in to the JM Pro app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

Q1. What are the Exato Technologies IPO dates?
The IPO opens on 28 November 2025 and closes on 2 December 2025. Allotment is expected on 3 December and listing on 5 December 2025.

Q2. What is the lot size and minimum investment?
The minimum market lot is 2,000 shares. At an implied issue value of ₹2,80,000 per lot, retail investors must apply for 2,000 shares (2 lots are not allowed; the table already shows 2,000 shares as retail min/max).

Q3. Is this a fresh issue or OFS?
This is a fresh issue only, meaning all proceeds go into the company for growth and balance sheet improvement.

Q4. How is the IPO reserved for different investor categories?
Anchor investors 28.45%, QIB (ex‑anchor) 18.99%, NII 14.28%, and Retail 33.27% of the net issue.

Q5. What are the company’s main strengths?