The IPO of Exato Technologies witnessed extraordinary investor demand on the final day of bidding, with the issue receiving a massive 731.28 times subscription as of 2:30 pm, according to data available on the BSE SME platform. The overwhelming response places Exato among the most aggressively subscribed SME IPOs of the year.
Meanwhile, the grey market premium (GMP) for Exato Technologies continued its sharp upward trajectory. Platforms tracking grey market activity indicated a strong premium of ₹150 per share. Data from Investorgain pegs the GMP at ₹150, signalling potential listing gains of just over 107%, while IPO Watch reported a similar trend.
However, despite the soaring premium, listing gains for SME IPOs are capped at 90%, which may limit upside for investors even with strong grey market signals.
Market analysts attribute the intense subscription numbers to Exato Technologies’ business model, sectoral momentum, and optimistic sentiment around SME listings. The substantial oversubscription in all investor categories reflects high liquidity and rising retail interest in smaller-cap public issues.
The share allotment for the Exato Technologies IPO is likely to be finalised on Wednesday, December 3. Investors can check their allotment status on the BSE website or through the registrar, Kfin Technologies. Following the completion of allotment procedures, the company’s shares are scheduled to list on the BSE SME platform on Friday, December 5.
The exceptional demand and strong GMP point toward a highly anticipated listing. However, investors are advised to exercise caution given SME market volatility and regulatory restrictions on listing gains.
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