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Excelsoft Technologies IPO

IPO Details

IPO DateNovember 19, 2025 to November 21, 2025
Listing DateNovember 26, 2025
Face Value₹10 per share
Issue Price Band₹114 to ₹120 per share
Issue Price Final₹120 per share
Lot Size125 Shares
Sale TypeFresh Capital-cum-Offer for Sale
Total Issue Size4,16,66,666 shares (aggregating up to ₹500.00 Cr)
Fresh Issue1,50,00,000 shares (aggregating up to ₹180.00 Cr)
Offer for Sale2,66,66,666 shares of ₹10 (aggregating up to ₹320.00 Cr)
Issue TypeBookbuilding IPO
Listing AtBSE, NSE
Share Holding Pre Issue10,00,84,164 shares
Share Holding Post Issue11,50,84,164 shares

IPO Subscription Details

Anchor Investors1
QIB (Ex Anchor)50.06
Non-Institutional Buyers107.04
bNII (bids above ₹10L)122.93
sNII (bids below ₹10L)75.25
Retail Investors16.44
Total **45.46

IPO Important Dates

IPO Open DateWed, Nov 19, 2025
IPO Close DateFri, Nov 21, 2025
Tentative AllotmentMon, Nov 24, 2025
Initiation of RefundsTue, Nov 25, 2025
Credit of Shares to DematTue, Nov 25, 2025
Tentative Listing DateWed, Nov 26, 2025
Cut-off time for UPI mandate confirmation5 PM on Fri, Nov 21, 2025

IPO Lot Size

Retail (Min)1125₹15,000
Retail (Max)131,625₹1,95,000
S-HNI (Min)141,750₹2,10,000
S-HNI (Max)668,250₹9,90,000
B-HNI (Min)678,375₹10,05,000

Financial Information

Period Ended30 Jun 202531 Mar 202531 Mar 2024
Assets478.34470.49421.03
Total Income60.28248.80200.70
Profit After Tax6.0134.6912.75
EBITDA10.1873.2654.97
NET Worth375.95371.29297.30
Reserves and Surplus274.25269.66295.71
Total Borrowing37.8226.5976.73

Peers Comparison

Excelsoft Technologies Limited3.473.4737.1010.38
Mps Limited87.8087.73279.6926.1731.7410.21
Ksolves India Limited14.4714.4717.5122.42153.9525.65
Silver Touch Technologies Limited17.5017.50105.4841.0718.006.02
Sasken Technologies Limited33.3033.04531.2442.196.362.94
Infobeans Technologies Limited15.5915.51136.3432.5412.092.14

Information about company

Founded in 2000, Excelsoft Technologies Limited is a global vertical SaaS company specialising in the learning and assessment market. The company provides AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms.
The company's SARAS LMS, including EnablED LXP and OpenPage digital books, offer tailored learning support for academic institutions and corporations, addressing their training, learning, and development needs.
Excelsoft serves a diverse range of clients, including educational publishers, universities, schools, government agencies, defence organisations, and businesses.
With operations in India, Malaysia, Singapore, the UK, and the USA, the company collaborates with over 200 organisations and impacts more than 30 million learners worldwide.
Some of its prominent and long-standing clients include Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO and more.
As of June 30, 2025, Excelsoft has a team of 1,118 employees.
Product Segments

Assessment & Proctoring Solutions


SARAS e-Assessments
EasyProctor


Learning & Student Success Systems


SARAS Learning Solutions
OpenPage
EnablED
CollegeSparc
LearnActiv - K12 Learning Solutions

Competitive Strength

Expertise in product engineering, development and implementation across assessments, digital learning & information management systems with robust product capabilities.

Long-term relationships with global customers.


Expertise in delivering fully compliant digital learning and assessment solutions to clients globally.


Flexibility to work with diversified technologies to provide the right-fit solution, driven by agile methodologies.

Robust Operating Parameters.
Experienced Management Team and Promoters with expertise in developing products.

Objectives of IPO

The Company Excelsoft Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:




S.No.
Objects of the Issue
Expected Amount (₹ in crores)



1
Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property.
61.77

2
Funding expenditure for upgradation including external electrical systems of the Existing Facility at Mysore, India.
39.51

3
Funding upgradation of the Company’s IT Infrastructure (Software, Hardware and Communications & Network Services).
54.64

4
General Corporate Purposes.
8.98

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.

We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.

No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever

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Day Wise Sub

Day 1 Nov 19, 20250.012.602.023.762.011.56
Day 2 Nov 20, 20250.0919.2319.2519.216.347.32
Day 3 Nov 21, 202550.06107.04122.9375.2516.4445.46

Day Wise GMP

26-11-2025120.004(3.33%)124
25-11-2025120.007(5.83%)127
24-11-2025120.006(5.00%)126
23-11-2025120.008(6.67%)128
22-11-2025120.008(6.67%)128
21-11-2025120.008(6.67%)128
20-11-2025120.0014(11.67%)134
19-11-2025120.0015.5(12.92%)135.5
18-11-2025120.0015(12.50%)135
17-11-2025120.0016(13.33%)136
16-11-2025120.0020(16.67%)140
15-11-2025120.0030(25.00%)150
14-11-2025120.000(0.00%)120
13-11-2025120.000(0.00%)120
12-11-20250(%)(%)

IPO Reservation

QIB Shares Offered2,08,33,333 (50.00%)NA
− Anchor Investor Shares Offered1,24,99,999 (30.00%)NA
− QIB (Ex. Anchor) Shares Offered83,33,334 (20.00%)NA
NII (HNI) Shares Offered62,50,000 (15.00%)NA
− bNII > ₹10L41,66,667 (10.00%)2,380
− sNII < ₹10L20,83,333 (5.00%)1,190
Retail Shares Offered1,45,83,333 (35.00%)1,16,666
Total Shares Offered4,16,66,666 (100.00%)