Excelsoft Technologies shares to debut today: What listing gain is GMP signaling?
The equity shares of SaaS solutions and services provider Excelsoft Technologies are going to debut in BSE and NSE today, Nov 26. The GMP in early morning of Nov 26 indicates a small but positive gain.
Kolkata: Excelsoft Technologies is a SaaS firm that had remarkable success in its IPO. The bidding dates were from November 19 to 21. Excelsoft Technologies IPO allotment was conducted on November 24. The Excelsoft Technologies IPO listing date is today November 26. The shares of the company will be listed on both BSE and NSE.
A large number of people will be directly interested in the listing price and listing day performance of the share since it was subscribed nothing less than 45.46 times overall and 16.44 times in the retail category and 107.04 times in the NII category. Even those who haven't got the allotment could be interested in picking up the shares in the secondary market.
The Excelsoft Technologies GMP trend
According to investorgain, in early morning of Nov 26, Excelsoft Technologies IPO GMP stood at Rs 7. It indicates is listing price is Rs 127 and, therefore, a gain of 5.83%. "Trading members of the Exchange are hereby informed that the equity shares of Excelsoft Technologies Limited shall be listed and admitted to dealings on the Exchange in due course,” said a notice on the BSE.
However, the GMP trend was a declining one and it signaled a dipping interest of investors in the shares as the days progressed. It stood at rs 15.5 on Nov 19, then the IPO bidding began.
Excelsoft Technologies IPO raised Rs 500 crore through a combination of fresh issue of 1.50 crore shares aggregating to Rs 180 crores and an OFS segment of 2.67 crore shares aggregating to Rs 320.00 crores.
The company was set up in 2000. It is a global vertical SaaS company that has the learning and assessment market in its focus. Excelsoft Technologies provides AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms. It has a diverse range of clients such as educational publishers, universities, schools, government agencies and businesses. It has operations in Malaysia, Singapore, the UK and the US apart from India.
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