Executive education provider XED Executive Development has confirmed the pricing and timeline for its landmark Initial Public Offering at GIFT City. This transaction represents a historic shift for India’s International Financial Services Centre (IFSC) as it hosts its first-ever equity share sale. The company has set a price band of **USD 10 to USD 10.5** per share. The issue aims to raise a total of **USD 12 million** to fuel global expansion. The subscription window is scheduled to open on **March 6, 2026**, and will remain active for nine working days, closing on **March 18, 2026**. This dollar-denominated offering marks a significant evolution for the Gujarat International Finance Tec-City ecosystem. While the zone has previously focused on debt and derivatives, this move introduces a primary equity market for globally oriented companies. The shares will be listed on both the **NSE International Exchange (NSE IX)** and the **India International Exchange (India INX)**. Participation is restricted to eligible investors under the International Financial Services Centres Authority (IFSCA) framework. This includes Non-Resident Indians (NRIs), foreign portfolio investors (FPIs), and institutional participants. Because the instrument is traded in US dollars, it provides international investors with a hedge against currency volatility and aligns with global valuation standards. XED currently operates across more than **25 countries**, with a strong presence in the Middle East, Southeast Asia, North America, and India. The capital raised is earmarked for deepening university partnerships and scaling delivery infrastructure across these high-growth regions. The launch comes at a time of high activity for GIFT City. The International Financial Services Centre has seen banking assets exceed **USD 100 billion**, while monthly exchange turnovers average **USD 90 billion**. Market experts view this IPO as a critical test for the IFSC’s offshore capital-raising platform, which could pave the way for other cross-border enterprises. The broader market context remains cautious but resilient. The **GIFT Nifty** has recently traded in a range-bound zone near **25,500–25,700**, reflecting a phase of consolidation. Despite global tech volatility, domestic institutional buying remains a strong support pillar for the ecosystem. Key entities managing the issue include **Global Horizon Capital Advisors** as the lead manager and **KFin Technologies** as the registrar. Banking operations for the IPO are being handled by **DBS Bank** and **RBL Bank**.