Excelsoft Technologies IPO Subscription: SaaS Company’s Public Issue Booked Over 43 Times On Last Day of Subscription

Excelsoft Technologies IPO: The initial public offering (IPO) of Excelsoft Technologies opened for subscription on November 19, 2025 and is scheduled to close today. The IPO has been booked over 42 times on the final day of subscription. The grey market premium (GMP) of the software company’s shares also witnessed a slight decline on the third day of subscription.

Excelsoft Technologies IPO Subscription

The IPO received bids for over 1,325.9 million shares against the 30.7 million offered for subscription, leading to the issue being booked 42.91 times.

Non-institutional investors (NIIs) led the demand, as the issue was booked 101.69 times in the NII category. They placed bids for 668.9 million shares against the 6.57 million shares reserved for the category.

The quota has been booked 15.14 times by retail individual investors (RIIs), who have placed bids for 239.76 million shares compared to the 15.30 million set aside for the category. Qualified institutional buyers (QIBs) have applied for 417.13 million shares till last day of bidding against the 8.77 million reserved for the category, booking the issue 47.55 times.

Excelsoft Technologies IPO GMP

The GMP declined on the final day of bidding from Rs 14 per share to Rs 7 per share, according to several websites which monitor the demand for shares of unlisted companies. Excelsoft Technologies shares are expected to list with gains of 5.83 per cent at Rs 127 per share.

Excelsoft Technologies IPO Issue Size

Excelsoft Technologies seeks to raise Rs 500 crore from its public issue. The SaaS company’s issue size comprises a fresh issue of 15 million shares aggregating to Rs 180 crore and an offer for sale (OFS) of 26.70 million shares amounting to Rs 320 crore.

Excelsoft Technologies IPO Price Band

The IPO price band was set at Rs 114-120 per share. The minimum lot size for retail individual investors was fixed at 125 shares, which aggregates to an investment of Rs 15,000.

Excelsoft Technologies IPO: Subscription Dates and Listing Date

Excelsoft Technologies IPO subscription window is scheduled to close on November 21. The share allotment status of Excelsoft Technologies IPO will be announced on November 24. Subsequently, Excelsoft Technologies will issue refunds for unsuccessful applicants on November 25. The shares are scheduled to list on the bourses on November 26.

Excelsoft Technologies: Financials

Excelsoft Technologies posted a total income of Rs 60.28 crore in the June quarter of FY26. In the quarter under review, the software firm’s net profit and net worth stood at Rs 6.01 crore and Rs 375.95 crore, respectively.

In FY25 the company posted a total income of Rs 248.80, up by nearly 24 per cent from Rs 200.7 crore in the preceding fiscal. The software company’s net profit for FY25 stood at Rs 34.69 crore, up by over 172 per cent from Rs 12.75 crore in the preceding fiscal. The net worth of the company surged by 24 per cent to Rs 371.29 crore in FY25 compared to Rs 297.3 crore in FY24.

Excelsoft Technologies IPO: Registrar

Excelsoft Technologies IPO’s book running lead manager is Anand Rathi Advisors, and the registrar for the issue is MUFG Intime India.

Excelsoft Technologies: Promoters

The promoters of Excelsoft Technologies include Pedanta Technologies, Dhananjaya Sudhanva, Lajwanti Sudhanva and Shruthi Sudhanva. The promoters of the SaaS firm will reduce their shareholding from 94.60 per cent prior to the public issue to 59.09 per cent after the issue is completed.

Excelsoft Technologies IPO: Objective

Excelsoft Technologies plans to use the proceeds of the public issue for purchasing land and constructing a new building at its Mysore property. The proceeds will also be used for the upgradation of external electrical systems of the company’s existing facility and the overall IT Infrastructure of the company. The proceeds will also be used for general corporate purposes.

About Excelsoft Technologies

Excelsoft Technologies was founded in 2000. Excelsoft Technologies operates as a SaaS company which has a specialisation within the digital learning and assessment industry. The company’s services include providing AI-powered applications, test and assessment platforms, online proctoring solutions and learning experience platforms. The company caters to the needs of a diverse range of clients, including educational publishers, universities, schools, government agencies, defence organisations, and businesses.