Mumbai Education Provider Files First IPO at GIFT IFSC

A company that teaches executives is trying to sell stock to the public.

This company, XED, is based in Mumbai but wants to sell its stock in a special financial area in Gujarat called GIFT IFSC.

They hope to raise $12 million by selling some of their company to investors.

This money will be used to improve their technology, help run their business, cover the costs of selling the stock, and for other business needs.

Last year, the company made about $4.59 million, mostly from Singapore and India.