XED submits RHP to raise $12 million IPO, first public issue from GIFT City

By Jagat Joshi
February 23, 2026
5:47 pm
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By Jagat Joshi
February 23, 2026
No Comments

XED Executive Development, one of the leading providers of executive education, submitted its draft papers to SEBI to raise approximately US$12 million via Initial Public Offerings (IPO), making it the first IPO to be launched from GIFT City, India’s International Finance Services Center (IFSC).

As per the Moneycontrol report, we can expect the IPO to be launched in the first week of March 2026.

The launch of this public issue represents a significant step for GIFT city. It will be the first issue to launch under the regulatory framework of the International Financial Services Centres Authority (IFSCA).

XED stated that the firm has secured the approval from stock exchanges and filed the draft papers with the Registrar of Companies (RoC).

The eligible investors who can apply under this IPO are Non-Resident Indians (NRIs), Foreign Portfolio Investors (FPIs), Institutional investors, and Other approved overseas investors.

The shares of the XED IPO will be listed on the NSE International Exchange. The shares will be available at GIFT City’s international exchange and sold in millions of dollars, targeting international investors. Moreover, the part of the IPO is reserved for the Anchor Investors, which will be completed by the end of this month.

Founded in 2015, XED Executive Development is one of the growing providers of executive education serving senior leaders, individuals, and organizations. The firm offers its services across 25 countries, including India, the Middle East, Southeast Asia, and North America. By partnering with Ivy League and top global universities, XED provides highly impactful programs in strategy, leadership, entrepreneurship, innovation, digital, and finance.

XED IPO Prospectus:

DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.