Citing “prevailing uncertainties” in the Gulf region, XED Executive Development Ltd, a leading provider of executive education, has rescheduled its IPO to March 16-24, 2026.
The company had initially planned to open the issue on March 6, but ongoing conflict between Iran and US-Israel prompted a delay to reduce potential market volatility and ensure smoother participation from international investors. The IPO, priced at $ 10–10.5 per share, will be a dollar-denominated listing through Gift City, targeting overseas investors under the International Financial Services Centres Authority (IFSCA) framework.
John Kallelil, Founder and Managing Director, XED, said, “In view of recent geopolitical developments, we have adjusted the opening and closing timeline of our maiden IPO through Gift City. We remain confident about the offering and are committed to concluding the process successfully within this month.”
The offering has received approvals from Gift City‑IFSC authorities and the listing exchanges, and the shares will be listed on NSE International Exchange (NSE IX) and India International Exchange (India INX), marking a historic first IPO from the financial services hub.