RBL Bank Named Collecting Bank for XED Executive Development IPO at GIFT City
IPO Marks First Public Offering from IFSC at GIFT City
RBL Bank on Tuesday announced its appointment as one of the collecting banks for the proposed Initial Public Offering of XED Executive Development Ltd. The offering is notable as the first public issue to be launched from India’s International Financial Services Centre at GIFT City.The USD 12 million issue is structured as a 100 percent book-built offering. It opened for subscription on March 16 and is scheduled to close on March 24, 2026. The company expects the listing to take place on NSE IFSC and India INX.
RBL Bank to Handle Subscription Funds
In its role as a designated collecting bank, RBL Bank will facilitate the receipt and processing of subscription funds. The bank will manage inflows from eligible non-resident and international investors participating in the USD-denominated IPO.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
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