IPO Details
| IPO Date | November 19, 2025 to November 21, 2025 |
| Listing Date | November 26, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Issue Price Final | ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,16,66,666 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 1,50,00,000 shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 2,66,66,666 shares of ₹10 (aggregating up to ₹320.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,00,84,164 shares |
| Share Holding Post Issue | 11,50,84,164 shares |
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 50.06 |
| Non-Institutional Buyers | 107.04 |
| bNII (bids above ₹10L) | 122.93 |
| sNII (bids below ₹10L) | 75.25 |
| Retail Investors | 16.44 |
| Total ** | 45.46 |
IPO Important Dates
| IPO Open Date | Wed, Nov 19, 2025 |
| IPO Close Date | Fri, Nov 21, 2025 |
| Tentative Allotment | Mon, Nov 24, 2025 |
| Initiation of Refunds | Tue, Nov 25, 2025 |
| Credit of Shares to Demat | Tue, Nov 25, 2025 |
| Tentative Listing Date | Wed, Nov 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 21, 2025 |
IPO Lot Size
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 478.34 | 470.49 | 421.03 |
| Total Income | 60.28 | 248.80 | 200.70 |
| Profit After Tax | 6.01 | 34.69 | 12.75 |
| EBITDA | 10.18 | 73.26 | 54.97 |
| NET Worth | 375.95 | 371.29 | 297.30 |
| Reserves and Surplus | 274.25 | 269.66 | 295.71 |
| Total Borrowing | 37.82 | 26.59 | 76.73 |
Peers Comparison
| Excelsoft Technologies Limited | 3.47 | 3.47 | 37.10 | | 10.38 | |
| Mps Limited | 87.80 | 87.73 | 279.69 | 26.17 | 31.74 | 10.21 |
| Ksolves India Limited | 14.47 | 14.47 | 17.51 | 22.42 | 153.95 | 25.65 |
| Silver Touch Technologies Limited | 17.50 | 17.50 | 105.48 | 41.07 | 18.00 | 6.02 |
| Sasken Technologies Limited | 33.30 | 33.04 | 531.24 | 42.19 | 6.36 | 2.94 |
| Infobeans Technologies Limited | 15.59 | 15.51 | 136.34 | 32.54 | 12.09 | 2.14 |
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, 2025 | 0.01 | 2.60 | 2.02 | 3.76 | 2.01 | 1.56 |
| Day 2
Nov 20, 2025 | 0.09 | 19.23 | 19.25 | 19.21 | 6.34 | 7.32 |
| Day 3
Nov 21, 2025 | 50.06 | 107.04 | 122.93 | 75.25 | 16.44 | 45.46 |
Day Wise GMP
| 26-11-2025 | 120.00 | 4(3.33%) | 124 |
| 25-11-2025 | 120.00 | 7(5.83%) | 127 |
| 24-11-2025 | 120.00 | 6(5.00%) | 126 |
| 23-11-2025 | 120.00 | 8(6.67%) | 128 |
| 22-11-2025 | 120.00 | 8(6.67%) | 128 |
| 21-11-2025 | 120.00 | 8(6.67%) | 128 |
| 20-11-2025 | 120.00 | 14(11.67%) | 134 |
| 19-11-2025 | 120.00 | 15.5(12.92%) | 135.5 |
| 18-11-2025 | 120.00 | 15(12.50%) | 135 |
| 17-11-2025 | 120.00 | 16(13.33%) | 136 |
| 16-11-2025 | 120.00 | 20(16.67%) | 140 |
| 15-11-2025 | 120.00 | 30(25.00%) | 150 |
| 14-11-2025 | 120.00 | 0(0.00%) | 120 |
| 13-11-2025 | 120.00 | 0(0.00%) | 120 |
| 12-11-2025 | | 0(%) | (%) |
IPO Reservation
| QIB Shares Offered | 2,08,33,333 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,24,99,999 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 83,33,334 (20.00%) | NA |
| NII (HNI) Shares Offered | 62,50,000 (15.00%) | NA |
| − bNII > ₹10L | 41,66,667 (10.00%) | 2,380 |
| − sNII < ₹10L | 20,83,333 (5.00%) | 1,190 |
| Retail Shares Offered | 1,45,83,333 (35.00%) | 1,16,666 |
| Total Shares Offered | 4,16,66,666 (100.00%) | |