Executive learning solutions provider XED Executive Development has rescheduled its $12 million Initial Public Offering (IPO) to March 16 from the previously planned March 6 amid prevailing geopolitical uncertainties in the Middle East involving the US, Israel and Iran.
This will be the first share sale at Gujarat International Finance Tec-City, India's IFSC, under the regulatory framework of the International Financial Services Centres Authority (IFSCA).
The IPO, with a price band of $10-10.5 per share, will conclude on March 24.
"Given the prevailing geopolitical uncertainties in the Gulf region, XED has rescheduled its opening of its IPO from March 6 to March 16, with the issue closing on March 24, 2026," the company said in a statement.
The dollar-denominated IPO will be open to eligible investors under the IFSCA framework, including non-resident Indians (NRIs), foreign portfolio investors (FPIs), institutional investors, and other permitted overseas participants.
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The shares will be listed on NSE International Exchange and India International Exchange at GIFT City and will be traded as dollar-denominated instruments, targeting overseas investors.
XED Executive Development is a leading provider of executive education, serving senior professionals across more than 25 countries, with operations spanning India, the Middle East, Southeast Asia and North America.
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