Historic First Equity Listing in GIFT IFSC: DRHP FILED by XED Executives Limited

India’s International Financial Services Centre (IFSC) at GIFT City, Gujarat has achieved a remarkable breakthrough – the first-ever direct equity listing in GIFT IFSC.

Recently, XED Executive Development Limited filed its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) of up to USD 12 million on the NSE International Exchange (NSE IX).

This landmark event not only boosts India’s ambition of creating a world-class global financial hub but also opens exciting new opportunities for non-resident investors.

🌍 Why This First Equity Listing in GIFT IFSC Listing is So Important

The first direct equity listing in GIFT IFSC is more than just an IPO—it’s a signal of confidence in India’s regulatory and market infrastructure.

Here’s why it matters:

• Global Capital Access – Indian companies can now raise funds from international investors without leaving India.

• Investor-Friendly Framework – Backed by IFSCA’s Listing Regulations, 2024, ensuring transparency and speed.

• Strengthening India’s Position – Positions GIFT IFSC alongside other global hubs like Singapore, Dubai, and London.

• Liquidity Boost – Enables NRIs, OCIs, and foreign institutions to invest directly in Indian companies through GIFT City.

In short, this IPO sets the foundation for GIFT IFSC to emerge as Asia’s next capital-raising hub.

👥 Who Can Invest in a GIFT IFSC IPO?

Investments in equities listed on GIFT IFSC are restricted to non-resident investors. The following categories are eligible:

• Non-Resident Indians (NRIs)

• Overseas Citizens of India (OCIs)

• Foreign Portfolio Investors (FPIs)

• Global Institutional Investors and Funds

• Other Eligible Non-Residents, subject to IFSCA and FEMA regulations

👉 Resident Indians are not permitted to invest directly in GIFT IFSC equity listings.

📝 How Can Investors Prepare?

If you are an eligible non-resident investor planning to participate in this IPO or future GIFT IFSC listings, here’s how to get ready:

1. Open a Trading Account – Register with a broker who is a member of NSE IX or India INX.

2. Ensure You Have an IFSC-Enabled Demat Account – This is essential for settlement of shares.

3. Stay Updated on IPO Timelines – Check exchange portals for bidding dates, price bands, and allotments.

4. Review Offer Documents – All issuer documents are made available for transparency.

👉 Explore official documents here: NSE IX – Issuer Offer Documents

📊 What Does This Mean for the Future of GIFT IFSC?

The first equity listing is a symbolic beginning—and many more will follow. Here’s what we can expect:

• More Indian companies tapping global capital via GIFT IFSC.

• Deeper participation from NRIs, OCIs, FPIs, and global institutions.

• Strengthened India brand as a trusted international financial centre.

• Expanded offerings in equities, bonds, ETFs, and structured products.

In essence, GIFT IFSC is positioning itself as the bridge between India and global capital markets.

✅ Key Takeaways

• XED Executive Development Limited is the first company to file for a direct equity listing in GIFT IFSC.

• The IPO size is up to USD 12 million, listed on NSE International Exchange (NSE IX).

• Who can invest? – NRIs, OCIs, FPIs, global institutions, and other eligible non-residents.

• How to prepare? – Open an IFSC trading account, enable your demat, and follow IPO updates.

• Resident Indians are not eligible to invest directly in these IPOs.

📢 Conclusion

The first direct equity listing in GIFT IFSC is not just a market event—it’s the start of a new era for Indian capital markets.

• For non-resident investors, it creates a seamless way to participate in India’s growth.

• For companies, it opens a transparent, global gateway to access capital.

• For India, it cements GIFT IFSC as a world-class international financial hub.

🔎 Stay tuned—this is just the beginning of India’s journey to global financial leadership.

👉 Explore more: NSE IX – Issuer Offer Documents

This article is prepared for educational and informational purposes only. It is not intended as investment, legal, or tax advice. The information is based on publicly available sources, including issuer documents filed with NSE International Exchange (NSE IX) and IFSCA regulations.

Investors should consult with their financial, legal, or tax advisors before making any investment decisions in GIFT IFSC or related products. Neither the author nor GIFTCFO shall be responsible for any losses or actions taken based on this content.