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Kolkata: Excelsoft Technologies IPO was subscribed 7.32 times overall by the end of the second day of bidding Nov 20. The public issue attracted a subscription of 6.34 times in the retail category, 0.09 times in QIB (Ex Anchor) category and 19.23 times in the NII category. Excelsoft Technologies IPO has been designed as a book built issue that intends to raise Rs 500 crore through a combination of fresh issue of 1.50 crore shares aggregating to Rs 180 crore and an OFS segment of 2.67 crore shares to raise Rs 320.00 crores.
Excelsoft Technologies is a global vertical SaaS company which is active in the learning and assessment market. A few of its old clients are prominent organisations such as 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. It has operations in India and other countries such as Malaysia, Singapore, the UK and the US.
The GMP of Excelsoft Technologies IPO in early morning on Nov 21, as recorded by investorgain, is Rs 14. It has climbed down slightly from the level of Rs 15.50 recorded in early morning of Nov 20. At this level, the listing gain signaled by the GMP is 11.67%. However, it must be remembered that Grey Market Premium is a volatile process and cannot guarantee listing gain or loss. The GMP stood at Rs 30 on Nov 15 and dipped to Rs 20 on Nov 16 and further to Rs 16 on Nov 17, showed investorgain data.
Excelsoft Technologies IPO price band is Rs 114-120. For a retail investor the minimum investible lot has 125 shares for which he/she has to pay Rs 15,000 based on the upper end of the price band. The minimum lot size for sNII investors is 14 lots (or 1,750 shares) and that for bNII investors is 67 lots (or 8,375 shares). Anand Rathi Advisors is the book running lead manager and MUFG Intime India is the registrar of the issue.
IPO closes: Today, Nov 21, 2025
Allotment: Nov 24
Refund: Nov 25
Credit of shares to demat: Nov 25
Listing: Nov 26
Cut-off time for UPI mandate confirmation: 5 pm on Nov 21
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
