XED Launches $12 Million Issue for NRIs, FIIs as India's First GIFT City IPO Opens Today
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India's First GIFT City IPO Opens: XED Launches $12 Million Issue for Global Investors
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News18•16-03-2026, 12:19
India's First GIFT City IPO Opens: XED Launches $12 Million Issue for Global Investors
•India's first IPO from GIFT City IFSC, XED Executive Development Ltd, opened for public subscription on Monday, March 16.
•The fully dollar-denominated issue, priced between $10 and $10.5 per share, will remain open until March 24, 2026.
•Shares will be listed on NSE International Exchange and India International Exchange at GIFT City, marking a milestone for India's global financial hub aspirations.
•The IPO is open to eligible overseas investors, including NRIs, FPIs, and institutional investors, facilitating cross-border capital flows.
•XED Executive Development, operating in global executive education across 25+ countries, aims to raise around $12 million.
