Mumbai, Mar 24: XED announced the extension of the closing date of its Initial Public Offering from 24 March 2026 to 30 March 2026. The IPO, which opened on 16 March 2026, is the first public offering to be listed from GIFT City, India’s International Financial Services Centre.
The extension has been sought in light of the evolving geopolitical situation in the Middle East, which has created practical challenges for non-resident Indian and foreign investors in completing KYC formalities and processing subscription applications within the originally scheduled timeline. The Company believes the extension will facilitate broader investor participation and ensure seamless regulatory compliance for all applicants.
The revised closing date of 30 March 2026 represents the tenth working day from the date of opening, in accordance with Regulation 19 of the IFSCA (Listing) Regulations, 2024, which permits an IPO to remain open for a maximum of ten working days. All other terms and conditions of the Issue remain unchanged.
All other terms and conditions of the Issue remain unchanged. The price band, issue size, and listing exchanges — NSEIX and India INX — are unaffected by this extension. Investors who have already submitted applications are not required to take any further action
The Book Running Lead Manager to the Issue is Global Horizons Capital Advisors IFSC Private Limited. Investors with queries regarding the Issue are encouraged to contact the BRLM directly or visit the Company’s investor relations page.
This press release is for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities. The extension of the IPO closing date is subject to receipt of applicable regulatory approvals. Investors are advised to read the official prospectus and all offer-related documents carefully before making any investment decision. Investments in securities are subject to market risk. GIFT City IFSC regulations apply.
