XED Limited IPO—GIFT City IPO First Listing October 2025, India
- Rohit More
- 4 days ago
- 4 min read
Updated: 11 hours ago
India will be experiencing a historic move in the domestic capital market when XED Limited IPO becomes the first Indian company to submit an IPO through the International Financial Services Centre (IFSC) of GIFT City. The historic IPO is a new source of Indian firms to attract international capital in foreign currencies and also giving an option to international investors like non-resident Indians (NRIs), or foreign citizens to become part of the Indian growth story.
What Makes This IPO Historic?
Decades later, the Indian firms mostly trade in local markets including NSE and BSE. But the initiation of NSE IFSC and India INX under the regime of IFSC under GIFT City has provided a totally different platform to raise funds.
Through listing in GIFT City, companies would be in a position to:
Fund in a foreign currency (USD).
The advantage of fewer regulatory requirements than conventional listings.
Connect to the international investors directly which enhances liquidity and visibility.
Have a consolidated compliance and a shorter listing timeline.
The IPO of XED Limited is hence not just a corporate fundraising venture, it is a first of its kind in terms of the financial ecosystem in India.
Company: XED Limited
Industry: Executive education, which provides high-end solutions to learning to professionals around the world.
Use of Proceeds: Proceeds will be used in working capital needs and in technology investments.
Location of Listing: GIFT City, Gujarat, under NSE IFSC platforms and India INX platforms.
Significance: First company to make a direct entry into the international market via India IFSC route.
The decision of XED underscores the appeal of GIFT City as an international financial centre to grow.
IPO Key Details
IPO Opens: October 10, 2025
IPO Closes: October 23, 2025
Exchange: India INX and NSE IFSC.
Eligible Investors:
Non-resident Indians (NRIs)
Foreign nationals
The current framework does not apply to domestic investors.
Why GIFT City?
The IFSC regime in GIFT City is established to transform India into a global financial centre. Its features include:
Company and investor tax benefits.
Streamlined international listing rules.
Dual listing potential--by using dual listing, companies are able to raise funds on an international basis without delisting at home.
Entrance of NRIs to invest in India in a foreign currency structure.
This is the trail of the first of its kind, and XED Limited will be leading the examples set by other start-ups and already established companies.
How to Apply for the XED Limited IPO
The following is a step wise guide on how interested investors may apply to the IPO:
Find a Licensed Broker
You will have to open an account with a registered brokerage firm to transact with NSE IFSC or India INX. Through these brokers, one is able to invest in IPOs and in listed securities under the IFSC provisions of GIFT City.
Examples of brokers that have IFSC presence include:
Upstox Global IFSC
Fyers IFSC
Zerodha Broking Ltd Personnel - IFSC arm - Zerodha IFSC (Zerodha Broking Ltd - IFSC arm).
Motilal Oswal IFSC
ICICI Securities IFSC
Kotak Securities IFSC
These companies are registered organisations which permit qualified NRIs and foreign investors to invest in IPOs and secondary market dealing in the GIFT City exchanges (NSE IFSC and India INX).
Check Eligibility
The domestic retail investors are not able to invest in this IPO. NRIs and foreign nationals only are allowed. Status Before applying, make sure your status meets these requirements.
Open IFSC Trading and Demat Account
To trade in GIFT City exchanges, eligible investors must undergo KYC with their preferred broker and open a particular account. Such documents as PAN (in the case of NRIs), passport, proof of overseas address and bank account could be needed.
Fund Your Account via LRS
Indians living overseas could also remit funds back home as NRIs under the Liberalised Remittance Scheme (LRS) and have an annual hike of USD 250,000. The money is normally sent through SWIFT remittance to the IFSC account of the broker.
Submit IPO Application
Once your account is funded:
Log into the IPO module of the broker.
Select the XED Limited IPO.
Enter the amount of lot and bidding specifications.
The application should be submitted between the period of 10-23 October 2025.
Allotment and Refunds
In case available, shares shall be reflected to your demat account in GIFT City.
Otherwise, the refund (in USD) is made back to your bank account.
Post-Listing Trading
Once listed shares may be traded in NSE IFSC or India INX as any other stock and provide liquidity and price discovery to global investors.
Why This is Important to Investors
This IPO is not just another investment. It represents:
First-Mover Advantage When the IFSC regime is tested in India, investors can get access to the first movers.
Worldwide Education Industry Exposure: XED has a high-need and global niche—executive education.
Access to India through Global Markets: NRIs and other foreign investors are now able to access Indian companies without domestic exchange barriers.
Diversification: USD-denominated Indian IPOs further introduce the currency diversification aspect to global portfolios.
Conclusion
The XED Limited IPO will be a highlight on the financial journey of India. The fact that the company listed on NSE IFSC and India INX within the frames of the regime of GIFT City not only gives promises to other prospective Indian companies, but also provides opportunities to NRIs and foreign investors.
With the application period of October 10 to October 23, 2025, those interested in investment eligibility have a rare but golden chance to join this historic listing. The IPO highlights the desire of India to transform GIFT City into a real international financial hub and opens the doors to numerous other global ventures that focus on raising capital.
