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GIFT City 1st IPO - XED Executive Development Ltd.

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About XED: India’s First-Ever GIFT City IPO

XED is set to become the first-ever company to list its IPO in GIFT City, India’s International Financial Services Centre (IFSC). This is a landmark opportunity for NRIs and foreign investors to participate in India’s rapidly evolving global financial ecosystem.

  • Company: XED Executive Development Ltd.
  • Business: Executive Education for CXOs and Top Management of companies.
  • Funds to be Raised: USD 12 Million.
  • Listing On: GIFT City based exchanges - NSE International Exchange (NSE IX) & India International Exchange (India INX).

XED Ltd delivers cutting-edge executive programs for global CXOs, fostering leadership and innovation. As a core component, they collaborate with global academic institutions, allowing them to serve both enterprise clients and individual professionals seeking executive education solutions. The Company operates across North America, the Middle East, South Asia, Africa, and Southeast Asia. This IPO marks a significant step towards deepening international participation in Indian markets through GIFT City.

XED IPO

Who Can Invest In XED IPO?

Eligible Investors Not Eligible
Non-Resident Indians Indian citizens
Foreign Individuals (non-residents) Foreign citizens residing in India under FEMA
Entities with beneficial owners who are non-residents Entities with Indian Ultimate Beneficial Owners (UBOs)

How to Apply

Step 01
Select Your Broker

Choose an IFSCA – registered broker-dealer such as Anand Rathi International Ventures (IFSC) Private Limited.

Step 02
Open a Demat and Trading Account

To apply in this IPO, one must have a trading account and a demat account with an IFSCA registered broker. Both accounts must be under the GIFT City jurisdiction only.

Existing NRI customers of Anand Rathi Share and Stock Brokers Ltd. in the domestic market can open their GIFT City trading and demat account using the consent form with minimum KYC documents.

Step 03
Apply Digitally

Complete your KYC with your broker. Select the IPO and choose your desired lot size using the link available on QUICKLINKS tab.

Step 04
Transfer Funds

Make payment in USD via PSP (Payment Service Provider) or through SWIFT transfer. Please ensure you mention your application number while transferring the funds.

Step 05
Allotment or Refund

If allotted, XED shares are credited to your demat account. If not, the refund will be processed to your original funding account.

Note: A Trading and Demat account is not required for IPO bidding. However, investors must open a Trading and Demat account with an IFSCA-registered broker to receive the shares. Without an active Demat account, allotted shares will remain in escrow.


Talk to our experts:

Niteen D - +91 9967165230 | Dinesh Modi - +91 9987231156

Key Features

0% Capital Gains Tax – No STT, CTT, or Stamp Duty.

No Indian ITR or PAN required for NRIs/foreigners with only IFSC income.

Flat 10% Withholding Tax on dividends for NRIs.

Invest in USD and diversify globally through India’s first international exchanges.

Open your GIFT City trading and demat account today and apply for the XED Ltd IPO.

XED IPO Process XED IPO – FAQs XED IPO – DRHP XED IPO Report

For more information, connect with:

Niteen D - +91 9967165230 | Dinesh Modi - +91 9987231156 | Email ID: [email protected]

DISCLAIMER: Anand Rathi International Ventures (IFSC) Private Limited is acting as a syndicate member to the XED IPO issue. Products offered through GIFT City are regulated by IFSCA and are subject to market risks, currency fluctuations, and regulatory changes. Investors are advised to read all scheme-related documents carefully before investing. The information provided is of general nature and strictly for informational purpose only.