In a major milestone for India’s financial ecosystem, XED Executive Development is set to launch GIFT City’s first-ever IPO, aiming to raise $12 million. The public issue will open on March 6 and close on March 18 under the regulatory framework of the International Financial Services Centres Authority (IFSCA).

The company has fixed a price band of $10–10.5 per share. The IPO is open to eligible investors such as NRIs, foreign portfolio investors, institutional investors, and other permitted overseas participants.

XED, a global executive education provider operating across 25+ countries, plans to use the funds to expand international programs, strengthen university partnerships, and enhance delivery capabilities.

The shares will be listed on NSE International Exchange (NSE IX) and India International Exchange (India INX) at GIFT City, and will be traded in US dollars — marking a significant step in positioning GIFT City as a global capital-raising hub.