Excelsoft Technologies IPO hits Street; key things you should know before applying

Excelsoft Technologies IPO: Excelsoft Technologies's initial public offering (IPO) opened for public subscription on Wednesday, November 19. The issue was subscribed to 57 per cent so far on the first day of the bidding process, according to provisional exchange data. The global software as a service (SaaS) company aims to raise Rs 500 crore from the public offer.

The IPO is a combination of fresh issuhance and offer for sale (OFS) of around 4.17 crore shares.

The IPO will remain open for subscription, from 10 am to 5 pm, till November 21.

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The basis of allotment of the IPO shares is expected to be finalised on November 24, and the stock is likely to list on both the stock exchanges (BSE and NSE) on November 26, 2025, tentatively.

Excelsoft Technologies IPO subscription status

By 12 pm, investors have bid for 1.74 crore shares out of the total shares on offer. The subscription primarily includes bids from institutional investors and retail investor categories who have booked the issue 0.75 times and 0.81 times.

In terms of shares, the NII and RII quotas have subscribed to 49.38 lakh shares and 1.25 crore shares out of their reserved portion of shares. The Qualified institutional buyers (QIB) quota has subscribed to 8,750 shares out of its allotted portion of shares.

Excelsoft Technologies IPO details

The IPO of Excelsoft Technologies Ltd is a book-build issue of Rs 500 crore, comprising a fresh issue of 1.50 crore shares (Rs 180 crore) and an OFS of 2.67 crore shares (Rs 320 crore).

Through OFS, Pedanta Technologies Private Limited, Dhananjaya Sudhanva, Lajwanti Sudhanva and Shruthi Sudhanva are offloading their stakes.

Anand Rathi Advisors Ltd is the book-running lead manager of the issue, while MUFG Intime India Pvt Ltd is the registrar of the issue.

Excelsoft Technologies IPO price band: Rs 114 to Rs 120 per equity share

Excelsoft Technologies IPO subscription date: From November 19 to November 21, 2025

Excelsoft Technologies IPO lot size: 125 shares (minimum investment of Rs 15,000 based on upper price)

Excelsoft Technologies IPO allotment date: November 24, 2025 (tentatively)

Excelsoft Technologies IPO listing date: November 26, 2025 (tentatively)

Excelsoft Technologies Limited company profile

Excelsoft Technologies Limited is a global SaaS company providing AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms.

Founded in 2000, the company reported a revenue increase of 24 per cent and its profit after tax (PAT) rose by 172 per cent in the financial year ending March 31, 2025.