1. Exato Technologies IPO Allotment Status – Will You Get Lucky?
The Exato Technologies IPO allotment status is now available. Investors can check their allotment on the KFin Tech website as the company finalizes the basis of allotment on 3 December 2025, following an extraordinary three-day subscription window that closed on 2 December 2025.
With a record-breaking 947.14X overall subscription, the SME IPO has become one of the most oversubscribed offerings of 2025. Those who receive an allotment can expect the shares to be credited to their demat accounts by 4 December 2025, while refunds will be initiated the same day. The stock is set to list on the BSE SME platform on 5 December 2025.
As the grey market buzzes and investor curiosity reaches its peak, the big question now is — who will be lucky in this blockbuster IPO?
2. Exato Technologies IPO Overview – Business Snapshot & Offer Details
Exato Technologies is a customer transformation partner delivering technology-driven solutions that boost customer engagement, operational efficiency, and digital transformation. The company has served 150+ clients, including major ET500 enterprises, with 40% of revenue derived from long-term service contracts averaging five years.
The company operates in the USA, Singapore, and India, and is the only NICE Platinum Partner in South Asia & the Middle East, recognized as NICE Partner of the Year (2021–2024) for four consecutive years.
Revenue Model:
- 57% of revenue from recurring (ARR) contracts.
- 43% from perpetual software and hardware income.
Key Offer Details:
- IPO Dates: 28 November – 2 December 2025
- Price Band: INR 133 – 140 per share
- Fresh Issue: 22.75 lakh shares (INR 30.26 – 31.85 crore)
- Offer for Sale: 4 lakh shares (INR 5.32 – 5.60 crore)
- Total Issue Size: 26.75 lakh shares (INR 35.58 – 37.45 crore)
- Lot Size: 1,000 shares (INR 1,40,000)
- Retail Allocation: 35%
- Listing: BSE SME
3. Subscription Analysis – Record Demand Across Categories
The Exato Technologies IPO witnessed unprecedented demand from all investor categories, signaling immense confidence in the company’s fundamentals and business potential.
| ategory | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 5,08,000 | 3,82,000 | 8,90,000 | 17,80,000 |
| 2 Dec 2025 | 327.08 | 1,489.06 | 1,068.46 | 947.14 |
| 1 Dec 2025 | 13.24 | 469.52 | 408.22 | 308.65 |
| 28 Nov 2025 | 8.22 | 81.24 | 75.73 | 57.65 |
Key Takeaways:
- The IPO closed at a staggering 947.14× subscription — one of the highest SME responses in 2025.
- NII investors led the surge with 1,489× bids, followed closely by retail investors at 1,068×.
- QIB participation at over 327× reflects a strong institutional conviction.
- With such overwhelming demand, the probability of retail allotment remains extremely low, making this one of the toughest IPOs to crack this year.
4. GMP Trend – What the Grey Market Is Signalling
The Grey Market Premium (GMP) has surged alongside the subscription frenzy, reflecting exceptional investor enthusiasm.
| Date | Day-wise IPO GMP | Subject to Sauda |
| 2 December 2025 | 128 | 97,500 |
| 1 December 2025 | 128 | 97,500 |
| 29 November 2025 | 125 | 95,000 |
| 28 November 2025 | 115 | 88,000 |
| 27 November 2025 | 92 | 73,500 |
| 26 November 2025 | 80 | 62,000 |
| 25 November 2025 | 80 | 62,000 |
- The GMP started at INR 80 on 25 November and climbed to INR 128 by the issue close — an increase of 60% in a week.
- The correlation between rising subscription levels and increasing GMP suggests robust demand from both institutional and retail investors.
- At the upper issue price of INR 140, this implies a listing premium of roughly 90-95%, suggesting strong confidence in near-term performance.
In short, the grey market remains firmly bullish, aligning with the record subscription numbers.
5. How to Check Exato Technologies IPO Allotment Status
Investors can check their allotment status through the following methods:
1️⃣ KFin Tech Website
- Visit www.kfintech.com
- Select “Exato Technologies IPO” from the dropdown
- Enter PAN, Application Number, or Demat ID
- Click “Search” to view the status
2️⃣ BSE Website
- Go to the BSE Allotment Page
- Select “Equity” → Choose “Exato Technologies IPO”
- Enter PAN and Application Number → Click “Submit”
3️⃣ Bank Account
- If your bank account is debited for INR 2,80,000 (minimum bid), your allotment is successful.
- If funds are released, your application wasn’t allotted.
4️⃣ Demat Account
- Check your NSDL/CDSL account on 4 December 2025 for credited shares.
6. Key Dates & Listing Outlook
| Event | Date |
|---|---|
| Basis of Allotment Finalization | 3 December 2025 |
| Refunds Initiation | 4 December 2025 |
| Shares Credit to Demat | 4 December 2025 |
| Listing on BSE SME | 5 December 2025 |
With a roaring subscription and robust GMP trend, analysts expect a 90 – 95% listing gain, subject to overall market conditions. However, post-listing sustainability will depend on earnings visibility and SME sentiment.
7. Conclusion – One of 2025’s Hottest SME IPOs
The Exato Technologies IPO has captured market imagination with 947× oversubscription, INR 128 GMP, and strong financial fundamentals. While allotment chances are slim for retail investors, those who secure shares may see immediate listing rewards.
As Dalal Street awaits its next SME star, all eyes are now on 5 December 2025, when Exato Technologies makes its debut — potentially one of the most celebrated SME listings of the year.
For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.