Archive · 28 Sep 2025
XED Files for India's First GIFT City IPO
XED, a company that helps people learn new skills for their jobs, is planning to sell shares in India.
This will be the first time a company lists shares in GIFT City, a special financial area.
The company is raising $12 million.
They offer programs and online classes for employees.
They are expanding in India, using GIFT City as a hub for international clients.
This way of doing business is to help companies keep up with the world.
It is like a new step to help more people.
XED, an executive education platform, will be the first to list its equity shares on NSE IFSC and India INX.
The IPO is valued at $12 million, including a fresh issue and offer for sale.
XED operates globally, including the US, UK, Singapore, and India.
In India, XED uses a hub-and-spoke model, with GIFT City as its international hub.
The company focuses on hybrid learning, blending digital and in-person training.
- Who
- XED, an executive education platform
- What
- Filed a DRHP to launch India's first GIFT City IPO.
- When
- September 28, 2025
- Where
- GIFT City, India; US, UK, Singapore, and Middle East, Far East, LATAM and South Asia
- Why
- To raise capital through primary equity issuance and expand.
- Company
- XED, Executive Development Ltd
- IPO Type
- First equity listing in GIFT City
- Listing Venue
- NSE IFSC and India INX
- Total Offer Value
- $12 million (approx. Rs 100 crore)
- Founder
- John Kallelil
- Business
- Executive education with Ivy League partnerships
- Founded
- 2015