XED has announced a USD 12 million initial public offering from India’s GIFT City International Financial Services Centre, marking another milestone in the evolution of India’s offshore capital markets. The issue highlights the growing role of GIFT City as a gateway for Indian and global companies seeking dollar-denominated funding under a globally competitive regulatory framework. Market participants see the IPO as a signal of rising investor confidence in IFSC structures, driven by tax efficiency, regulatory clarity, and access to international capital pools.