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Excelsoft Technologies IPO Day 1: Within just an hour of the bidding opening, the IPO received 40% subscription, despite a fall in GMP.
Excelsoft Technologies IPO.
Excelsoft Technologies IPO Day 1: The initial public offering (IPO) of Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, opened on Wednesday, November 19. Within just an hour of the bidding opening, the IPO received 40% subscription, despite a fall in GMP.
Till 11:00 am on Day 1, the Excelsoft Technologies IPO received 0.40x subscription, garnering bids for 1,13,20,125 shares as against the 2,91,66,667 shares on offer. Its retail category got 0.56x subscription, while its non-institutional investor (NII) quota got 0.50x subscription.
The strong subscription comes a day after a stellar listing of the PhysicsWallah IPO, in which investors gained a nearly 50% gain in a day. The Groww IPO also saw a blockbuster post-listing run, rising from the issue price of Rs 100 to Rs 185 till Tuesday.
Excelsoft Technologies IPO GMP Today
According to market observers, unlisted shares of Excelsoft Technologies Ltd are currently trading at Rs 135 apiece in the grey market, which is a 12.5% premium or a Rs 15 GMP over the upper IPO price of Rs 120, indicating moderate listing gains for investors.
The GMP was nearly 25% last week.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Excelsoft Technologies IPO: More Details
The Excelsoft Technologies IPO opened for public subscription on November 19 and will conclude on November 21. Bidding for anchor investors will open for a day on November 18, as per the red herring prospectus (RHP) filed on Tuesday.
The initial public offering (IPO) is a mix of a fresh issue of equity shares aggregating up to Rs 180 crore and an offer for sale of shares aggregating up to Rs 320 crore by the promoter — Pedanta Technologies Pvt Ltd.
Excelsoft Technologies on Tuesday said it has garnered Rs 150 crore from anchor investors ahead of its initial public offering (IPO). Some of the anchor investors who were allocated shares included Bengal Finance & Investment, 360 One Equity Opportunity Fund, GKFF Ventures, Societe Generale, Rajasthan Global Securities, BNP Paribas Financial Markets and Bandhan Mutual Fund, according to a circular uploaded on BSE’s website.
The company proposes to utilise 61.76 crore from the fresh issue for the purchase of land and construction of a new building at the Mysore Property; Rs 39.51 crore for upgradation and external electrical systems of its existing facility at Mysore; Rs 54.63 crore for funding upgradation of the company’s IT Infrastructure and the balance towards general corporate purposes.
With over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide.
Karnataka-based Excelsoft actively implements artificial intelligence (AI) in its products and services. It includes building LLMs (proprietary and hybrid), small LLMs that are device specific, and AI agents that provide intelligent user experience in both learning and assessment products.
The company’s long-standing clients are Pearson Education, AQA Education, Colleges of Excellence, NxGen Asia Pte Ltd, Pearson Professional Assessments, Brigham Young University – IDAHO, Training Qualifications UK, and Excel Public School and The Chartered Quality Institute.
On the financial front, Excelsoft reported revenue from operations of Rs 233.29 crore with a profit after tax of Rs 34.69 crore in FY25.
The equity shares of the company are proposed to be listed on the BSE and NSE.
Anand Rathi Advisors Ltd is the sole book running lead manager to the issue.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
November 19, 2025, 11:17 IST
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