XED Executive Development Limited (“XED”) Extends IPO Closing Date to 30 March 2026
XED has extended the closing date of its ongoing IPO
POSTED BY : MRUNALI SAKPAL DT. 24/03/2026 📞 8850212023
Extension sought to accommodate investor KYC processing delays arising from the evolving geopolitical situation in the Middle East; all other terms of the Issue remain unchanged.
MUMBAI : RMI.COM(M): XED today announced the extension of the closing date of its
Initial Public Offering from 24 March 2026 to 30 March 2026. The IPO, which opened on 16
March 2026, is the first public offering to be listed from GIFT City, India's International
Financial Services Centre.
The extension has been sought in light of the evolving geopolitical situation in the Middle East,
which has created practical challenges for non-resident Indian and foreign investors in
completing KYC formalities and processing subscription applications within the originally
scheduled timeline. The Company believes the extension will facilitate broader investor
participation and ensure seamless regulatory compliance for all applicants.
The revised closing date of 30 March 2026 represents the tenth working day from the date of
opening, in accordance with Regulation 19 of the IFSCA (Listing) Regulations, 2024, which
permits an IPO to remain open for a maximum of ten working days. All other terms and
conditions of the Issue remain unchanged.
All other terms and conditions of the Issue remain unchanged. The price band, issue size, and
listing exchanges — NSEIX and India INX — are unaffected by this extension. Investors who
have already submitted applications are not required to take any further action
The Book Running Lead Manager to the Issue is Global Horizons Capital Advisors
IFSC Private Limited. Investors with queries regarding the Issue are encouraged to
contact the BRLM directly or visit the Company's investor relations page.
This press release is for informational purposes only and does not constitute an offer or
solicitation to buy or sell any securities. The extension of the IPO closing date is subject to
receipt of applicable regulatory approvals. Investors are advised to read the official prospectus
and all offer-related documents carefully before making any investment decision. Investments in
securities are subject to market risk. GIFT City IFSC regulations apply.
About XED Executive Development Ltd
Founded in 2018, XED is a global executive education platform delivering leadership and
management development programmes for senior professionals across India, North America,
Europe, the Middle East, and Asia. The company has trained over 15,000 executives from
leading global organisations and Fortune 500 companies, and collaborates with 17 internationally
recognised academic institutions on programmes covering leadership, strategy, digital
transformation, and emerging technologies.
