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GIFT City IPO Pushed to March 16 Due to Global Unrest
10 Mar
Summary
- XED's $12 million IPO rescheduled to March 16 due to Middle East tensions.
- This marks the first IPO under IFSCA regulatory framework at GIFT City.
- Shares will be dollar-denominated and listed on international exchanges.
XED Executive Development, an executive learning solutions provider, has rescheduled its USD 12 million Initial Public Offering (IPO). The offering, initially planned for March 6, 2026, is now set to open on March 16, 2026, with a closing date of March 24, 2026. This change is attributed to current geopolitical uncertainties involving the US, Israel, and Iran in the Middle East. The IPO's price band is set between USD 10 and USD 10.5 per share.
This significant offering will be the first share sale at Gujarat International Finance Tec-City (GIFT City), India's International Financial Services Centre (IFSC), operating under the regulatory oversight of the International Financial Services Centres Authority (IFSCA). The dollar-denominated shares will be available to eligible overseas investors, including NRIs and FPIs, and will be listed on the NSE International Exchange and India International Exchange located at GIFT City. XED Executive Development provides executive education services to senior professionals in over 25 countries, with established operations across India, the Middle East, Southeast Asia, and North America.
