Excelsoft Technologies IPO Opens For Subscription Today: Here's What GMP Signals On Listing Gain

Excelsoft Technologies IPO: The initial public offering (IPO) of Excelsoft Technologies opened for public subscription on November 19 and will close on November 21. The public issue on the first day has been subscribed 0.63 times so far, as of 12:22 PM.

The qualified institutional buyers (QIBs) had a nil subscription rate so far, the non-institutional investors (NIIs) booked the issue 0.87 times, and the retail investors subscribed 0.90 times their quota.

Founded in 2000, Excelsoft Technologies Ltd is a global vertical software-as-a-service (SaaS) company focused on the learning and assessment segment. The company offers artificial intelligence (AI)-driven applications, test and assessment platforms, online proctoring tools, learning experience platforms, and digital eBook solutions.

Excelsoft Technologies IPO Details

The Rs 500-crore IPO is a book-built issue comprising a fresh issue of 15 million shares worth Rs 180 crore and an offer for sale (OFS) of 26.67 million shares amounting to Rs 320 crore.

Excelsoft Technologies IPO Price Band

The price band has been set at Rs 114–120 per share. Retail investors can apply for a minimum lot of 125 shares, requiring an investment of Rs 15,000 at the upper end of the band.

Excelsoft Technologies IPO Allotment, Listing Date

The allotment is scheduled to be finalised on November 24, and the shares are expected to list on the BSE and NSE on November 26.

Excelsoft Technologies IPO BRLMs, Registrar

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

Excelsoft Technologies IPO Objectives

Excelsoft Technologies plans to use a major part of the IPO proceeds towards expanding and upgrading its infrastructure. The company will allocate Rs 71.97 crore for purchasing land and constructing a new building at its Mysore property. Another Rs 39.51 crore will be used for upgrading its existing Mysore facility, including improvements to external electrical systems. In addition, Rs 54.63 crore will be used to enhance the company’s IT infrastructure. The remaining funds will be utilised for general corporate purposes.

Excelsoft Technologies IPO GMP Today, Expected Listing Gain

The grey market premium (GMP) of Excelsoft Technologies IPO shares traded at Rs 15 per share over the issue price. The GMP has declined 50 per cent over the past week, when it quoted at Rs 30 per share.

Given the current GMP and the upper end of the issue price, Rs 120, the listing price of Excelsoft Technologies is expected to be around Rs 135 per share. This translates to a potential listing gain of 12.50 per cent.

Excelsoft Technologies IPO Anchor Investors

Ahead of the IPO launch, Excelsoft Technologies raised Rs 150 crore from institutional investors during the anchor round by allocating 12.49 million shares at an allocation price of Rs 120 per share. Among the marquee investors were Bengal Finance and Investments, which acquired 40 per cent of the total anchor allocation, followed by 360 ONE Equity Opportunities Fund, buying 16.67 per cent of the total allocation.

Excelsoft Technologies Financials

Excelsoft Technologies reported a total income of Rs 60.28 crore for the quarter ended June 30, 2025. Its profit after tax (PAT) came in at Rs 6 crore, and Ebitda stood at Rs 10.18 crore.

For the full financial year FY25, the company reported a total income of Rs 248.80 crore, up from Rs 200.70 crore in FY24 and Rs 197.97 crore in FY23.

PAT came in at Rs 34.69 crore, up from Rs 12.75 crore in FY24 and Rs 22.41 crore in FY23. Ebitda stood at Rs 73.26 crore in FY25, up from Rs 54.97 crore in FY24 and Rs 68.18 crore in FY23.

As of June 30, 2025, its net worth stood at Rs 375.95 crore and had a net debt of Rs 37.82 crore, significantly narrowed from Rs 118.09 crore reported in FY23.