Excelsoft Technologies IPO GMP Rises; Issue Set To Open On November 19 - Should You Apply?

Excelsoft Technologies IPO GMP: Excelsoft Technologies IPO is scheduled to open for subscription on November 19. The software solutions provider’s public issue will close for subscription on November 21.

Here’s a look at some of the key details of the software solutions provider’s public issue, which applicants should know before applying for the public issue:

Excelsoft Technologies IPO GMP

Excelsoft Technologies IPO GMP is Rs 30 per share on November 16, according to multiple websites that monitor the movement of unlisted shares on the grey market. Based on the premium, shares of the software solutions provider can list at Rs 150 apiece with potential listing gains of 25 per cent.

Excelsoft Technologies IPO: Offer Size, Listing Date, Price Band

Excelsoft Technologies IPO offer size aggregates to Rs 500 crore. Excelsoft Technologies’ public issue consists of a fresh issue of 15 million shares aggregating to Rs 180 crore and an offer for sale of 26.7 million shares aggregating to Rs 320 crore.

Excelsoft Technologies IPO price band has been fixed at Rs 114 to Rs 120 per share. The minimum lot size to apply for the Excelsoft Technologies IPO for retail investors has been set at 1 lot consisting of 125 shares aggregating to a minimum investment of Rs 15,000.

The basis of allotment for Excelsoft Technologies IPO is expected to be determined on November 24. Once the share allotment status of the Excelsoft Technologies IPO is decided, successful bidders will receive shares of Excelsoft Technologies IPO in their demat accounts on November 25. Excelsoft Technologies IPO shares are slated to list on the BSE and NSE. Excelsoft Technologies IPO listing date is November 26.

Excelsoft Technologies IPO: Key Financials

Excelsoft Technologies IPO Ltd’s total income for the June quarter of FY26 stood at Rs 60.28 crore, the company’s profit-after-tax stood at Rs 6.01 crore, and the company’s net worth stood at Rs 375.95 crore.

Excelsoft Technologies IPO’s total income increased by over 23 per cent to Rs 248.8 crore in the financial year ended March 31, 2025, compared to Rs 200.7 crore in the preceding fiscal. The company’s profit-after-tax for FY 2024-25 stood at Rs 34.69 crore, increasing by over 172 per cent compared to a net profit of Rs 12.75 crore in FY 2023-24.

Excelsoft Technologies IPO: Business Model

Excelsoft Technologies Ltd is a software-as-a-service (SaaS) company focused on the learning and assessment market. The company provides technology-based solutions across diverse learning and assessment segments through long-term contracts with clients across the globe. The company’s products target the assessment market through AI-based assessment and proctoring solutions.

The company provides a comprehensive assessment platform, using which large-scale online, high-stakes assessments are delivered in organisations, including Government Agencies and Universities. The company’s products are used for question creation, test construction, delivery, marking, report generation, and smart analytics. The company generates revenue via its mix of product licensing and professionally managed services within the learning and assessment market. The company’s revenue streams are divided between verticals such as SaaS platform subscriptions and product licensing, learning design and content solutions, educational technology services, managed services, and support.

Excelsoft Technologies IPO: Competitors

Excelsoft Technologies competes with other providers of software that encompass the entire life-cycle of learning and assessment domains including K-12 non-instructional educational software and publishers. Some of the companies unlisted competitors include Blackboard, D2L, and Moodle, as well as other assessment and e-learning companies such as Inkling, Learnosity, and Wheebox. On the other hand the listed competitors of the company include MPS Ltd, Ksolves India Ltd, Silver Touch Technologies Ltd, Sasken Technologies Ltd and InfoBeans Technologies Ltd.

Excelsoft Technologies IPO: Should You Apply?

Prior to the opening of the bidding window potential applicants should know these strengths and risks related to the company’s business:

Excelsoft Technologies: Key Risks

Excelsoft Technologies’ business faces these risks as per the company’s RHP:

• Excelsoft Technologies mentioned in its RHP that its revenue from its client Pearson Education Group accounted for 59.24 per cent and 58.79 per cent of its total revenue on a consolidated basis for the June quarter of FY26 and the full fiscal of FY25. Thus termination of the contract can potentially decrease revenues and adversely affect the business.

• The company stated that it faces risks related to currency exchange rate fluctuations as it transacts business in various currencies other than the Indian rupee and has significant customers abroad. Changes in exchange rates may have a material adverse effect on the company’s profitability.

• The SaaS company’s revenues are significantly dependent on a limited number of industry verticals, thus any decrease in demand for outsourced services in these industry verticals could reduce revenues and adversely affect the business.

Excelsoft Technologies: Key Strengths

Here’s a look at some of the key strengths of Excelsoft Technologies IPO according to the company’s RHP:

• Excelsoft Technologies Ltd claims that it has an expertise in product engineering, development and implementation across assessments, digital learning & information management systems along with robust product capabilities.

• The company claims to have flexibility to work with diversified technologies to provide the right-fit solution.

• The company claims to have long term relationships with global customers.

Excelsoft Technologies IPO: Objective

Excelsoft Technologies Ltd seeks to use the proceeds of the public issue for funding its capital expenditure and purchase land and construct a new building at its Mysore property. The company also plans to use the proceeds for upgrading the external electrical systems of its existing facility in Mysore. The SaaS company will also use a portion of the proceeds for funding the upgradation of its IT Infrastructure and for general corporate purposes.