The Excelsoft Technologies IPO will open for subscription on November 19, 2025, and will close on November 21, 2025. The company aims to raise around ₹500 crore through this Book Building Issue. The issue includes a fresh issue of ₹180 crore and an offer for sale of up to 2,66,66,666 equity shares, each with a face value of ₹10.
The IPO price band has been fixed between ₹114 and ₹120 per share, giving investors a well-defined entry range based on the company’s valuation and growth prospects. The allotment of shares is scheduled to take place on November 24, 2025, after the subscription process is completed. Investors who receive allotment can expect the listing on both the BSE and NSE on November 26, 2025.
This timeline provides ample clarity for planning investment strategy and tracking market momentum around the debut. Retail investors have been allocated 35% of the issue, while Qualified Institutional Buyers (QIBs) will get 50%, and Non-Institutional Investors (HNIs) have 15% reserved.
Contents
Excelsoft Technologies IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | November 19, 2025 |
| IPO Close Date | November 21, 2025 |
| Allotment Date | November 24, 2025 |
| Listing Date | November 26, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹114 – ₹120 per share |
| Issue Size | ₹500 crore (approx.) |
| Fresh Issue | ₹180 crore |
| Offer for Sale | 2,66,66,666 equity shares |
| Issue Type | Book Building Issue |
| Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Open: 19-21 Nov Issue Size: ₹500 Cr. Objective: New building construction, facility and IT upgrades, plus some general work. Exchange: BSE NSE
Excelsoft Technologies IPO
Excelsoft Technologies Financials
| Year | Revenue | Assets | Profit / Loss |
|---|---|---|---|
| 2023 | 195 | 436 | 12.75 |
| 2024 | 198 | 421 | 22.41 |
| 2025 | 233 | 470 | 34.69 |
Excelsoft Technologies IPO GMP Today
Excelsoft Technologies IPO GMP has shown a mixed trend in the grey market over the past few days. According to the latest data, the IPO’s grey market premium opened strong with a high of ₹20 on 17th November, but gradually cooled down to ₹7 on 26th November.
This indicates a clear decline in trading interest as the listing date comes closer. The IPO is set to open on 19 November 2025, with a price band of ₹114 to ₹120 and a lot size of 125 shares, aiming to raise ₹500 crores through the mainboard route.
Looking at the day-wise GMP movement, the premium consistently moved down after 20 November. For instance, it dropped from ₹16 on 18–19 November to ₹15 on 20 November, and further declined to ₹14 on 21 November. From 22 to 25 November, the GMP stabilised at ₹8, before hitting its lowest at ₹7 on 26 November.
This steady downward trend shows reduced speculative demand. The gain percentage also mirrors this fall, slipping from 16.66% at the peak to 5.83% at the latest reading. Overall, the GMP trend suggests a cautious grey market sentiment, and investors should track how demand shapes up closer to the listing date.
Excelsoft Technologies IPO Review
Excelsoft Technologies IPO has received a “May Apply” recommendation, indicating moderate confidence among analysts. With a Capital Market Rating of 42 and an overall 3-star score, the IPO presents a balanced risk–reward profile.
Investors seeking long-term growth may consider applying selectively, while conservative investors may prefer to review the company’s financials and valuation more closely before making a decision.
Excelsoft Technologies IPO Market Lot
| Category | Minimum Lot | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 125 | ₹15,000 |
| Retail Maximum | 13 | 1,625 | ₹1,95,000 |
| S-HNI Minimum | 14 | 1,750 | ₹2,10,000 |
| B-HNI Minimum | 67 | 8,375 | ₹10,05,000 |
Retail investors can apply for a minimum of 125 shares, which requires an investment of ₹15,000. The maximum limit for retail investors is 13 lots (1,625 shares), amounting to ₹1,95,000.
Anchor Investor Details
The anchor investor bidding will take place on November 18, 2025. The anchor shares will have a lock-in period, with 50% of shares locked for 30 days (till December 24, 2025) and the remaining 50% locked for 90 days (till February 22, 2026).
Anchor Investors List: You can view pdf of anchor investor of Excelsoft Technologies IPO: View PDF
Excelsoft Technologies Financial Performance
Excelsoft Technologies has shown consistent growth in its financials. The company’s revenue increased from ₹200.70 crore in FY2024 to ₹248.80 crore in FY2025, reflecting strong business momentum. Similarly, its profit after tax (PAT) rose sharply from ₹12.75 crore in FY2024 to ₹34.69 crore in FY2025.
| Year | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|
| 2023 | 197.97 | 22.41 | 436.13 |
| 2024 | 200.70 | 12.75 | 421.03 |
| 2025 | 248.80 | 34.69 | 470.49 |
| June 2025 | 60.28 | 6.01 | 478.34 |
The rising profits and growing revenues indicate a steady financial foundation, making the IPO potentially attractive for long-term investors.
Excelsoft Technologies IPO Valuation Highlights
| KPI | Value |
|---|---|
| ROE | 10.38% |
| ROCE | 16.11% |
| EBITDA Margin | 31.40% |
| PAT Margin | 14.87% |
| Debt-to-Equity Ratio | 0.05 |
| EPS (FY2025) | ₹3.47 |
| NAV | ₹37.10 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| MPS Ltd | 87.80 | 26.17 | 31.74 | 279.69 | 726.88 |
| Ksolves India Ltd | 14.47 | 22.42 | 153.95 | 17.51 | 137.43 |
| Silver Touch Technologies | 17.50 | 41.07 | 18.00 | 105.48 | 288.38 |
| Sasken Technologies | 33.30 | 42.19 | 6.36 | 531.24 | 550.91 |
| InfoBeans Technologies | 15.59 | 32.54 | 12.09 | 136.34 | 394.78 |
Also Read: Tenneco Clean Air IPO, Shreeji Global FMCG IPO, K K Silk Mills IPO
Promoters and Shareholding
The promoters of Excelsoft Technologies are Pedanta Technologies Private Limited, Dhananjaya Sudhanva, Lajwanti Sudhanva, and Shruthi Sudhanva.
| Particular | Shares | % Holding |
|---|---|---|
| Pre-Issue Holding | 10,00,84,164 | 94.60% |
| Post-Issue Holding | 11,50,84,164 | To be updated |
Objects of the Issue
The proceeds from the IPO will be used for:
- Funding capital expenditure to purchase land and construct a new building at the Mysuru property – ₹71.97 crore
- Upgrading electrical systems and infrastructure at the existing Mysuru facility – ₹39.51 crore
- Enhancing IT infrastructure, including software, hardware, and network services – ₹54.64 crore
- General corporate purposes
About Excelsoft Technologies Limited
Founded in 2000, Excelsoft Technologies Limited is a leading vertical SaaS provider in the learning and assessment domain. The company delivers technology-driven solutions to corporates, educational institutions, and government organizations worldwide.
Its offerings include AI-powered learning platforms, digital eBook platforms, assessment tools, online proctoring solutions, and student success systems. Excelsoft serves over 200 global clients, impacting more than 30 million learners across India, Malaysia, Singapore, the UK, and the USA.
With over two decades of experience, Excelsoft Technologies continues to innovate in the EdTech space, focusing on scalable and intelligent solutions that cater to the global education and corporate training sectors.
Excelsoft Technologies IPO Registrar and Lead Manager
Lead Manager: Anand Rathi Advisors Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Company Address
| Company Details | Information |
|---|---|
| Company Name | Excelsoft Technologies Ltd. |
| Address | 1-B, Hootagalli Industrial Area, Mysuru, Karnataka – 570018 |
| Phone | +91 821 428 2247 |
| ipo@excelsoftcorp.com | |
| Website | www.excelsoftcorp.com |
Frequently Asked Questions (FAQs)
What is Excelsoft Technologies IPO?
Excelsoft Technologies IPO is a Mainboard IPO worth ₹500 crore, comprising a fresh issue and an offer for sale. The issue price band is ₹114–₹120 per share, and it will be listed on BSE and NSE.
When will Excelsoft Technologies IPO open?
The IPO will open on November 19, 2025, and close on November 21, 2025.
What is the price band of the IPO?
The price band is fixed between ₹114 and ₹120 per share.
What is the minimum investment for retail investors?
Retail investors can apply for a minimum of 125 shares (₹15,000) and a maximum of 1,625 shares (₹1,95,000).
When is the IPO allotment and listing date?
The allotment date is November 24, 2025, and the listing date is November 26, 2025.
Should you apply for the Excelsoft Technologies IPO?
Given the strong financial growth, low debt, and presence in the fast-expanding EdTech segment, the IPO appears suitable for long-term investors seeking exposure to the education technology sector.
Expert Comment
The Excelsoft Technologies IPO looks promising given its strong financials, low debt, and established presence in the global EdTech space.
Investors seeking long-term growth in a tech-driven education company may find this IPO a worthwhile addition to their portfolio.
