Comparison between Excelsoft Technologies IPO and Midwest IPO.
Excelsoft Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Midwest IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Excelsoft Technologies IPO is up to ₹500.00 Cr whereas the issue size of the Midwest IPO is up to ₹451.10 Cr. The final issue price of Excelsoft Technologies IPO is ₹120.00 per share and of Midwest IPO is ₹1,065.00 per share.
| Excelsoft Technologies IPO | Midwest IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹1,014.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹1,065.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹1,065.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹101.00 per share | |
| Market Lot Size | 125 shares | 14 shares |
| Fresh Issue Size | 1,50,00,000 shares | 23,48,401 shares |
| Fresh Issue Size (Amount) | up to ₹180.00 Cr | up to ₹250.10 Cr |
| OFS Issue Size | 2,66,66,666 shares | 18,87,323 shares |
| OFS Issue Size (Amount) | up to ₹320.00 Cr | up to ₹201.00 Cr |
| Issue Size Total | 4,16,66,666 shares | 42,35,724 shares |
| Issue Size Total (Amount) | up to ₹500.00 Cr | up to ₹451.10 Cr |
Excelsoft Technologies IPO opens on Nov 19, 2025, while Midwest IPO opens on Oct 15, 2025. The closing date of Excelsoft Technologies IPO and Midwest IPO is Nov 21, 2025, and Oct 17, 2025, respectively.
| Excelsoft Technologies IPO | Midwest IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | Oct 14, 2025 |
| Issue Open | Nov 19, 2025 | Oct 15, 2025 |
| Issue Close | Nov 21, 2025 | Oct 17, 2025 |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | Oct 20, 2025 |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | Oct 23, 2025 |
| Credit of Share (Tentative) | Nov 25, 2025 | Oct 23, 2025 |
| Listing date (Tentative) | Nov 26, 2025 | Oct 24, 2025 |
| Anchor Lockin End date 1 | Dec 23, 2025 | Nov 18, 2025 |
| Anchor Lockin End date 2 | Feb 21, 2026 | Jan 17, 2026 |
Excelsoft Technologies IPO P/E ratio is 34.62, as compared to Midwest IPO P/E ratio of 27.01.
| Excelsoft Technologies IPO | Midwest IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)Excelsoft Technologies Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 172% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Midwest Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 94.6 | 88.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.09 | 77.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 34.62 | 27.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1381.01 Cr. | ₹3851.02 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.38 | 19.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.11 | 18.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.05 | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.47 | ₹39.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.38 | 22.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Excelsoft Technologies IPO Retail Individual Investors (RII) are offered 1,45,83,333 shares while in Midwest IPO retail investors are offered 1,45,83,333 shares. Qualified Institutional Buyers (QIB) are offered 83,33,334 shares in Excelsoft Technologies IPO and 8,45,070 shares in Midwest IPO.
| Excelsoft Technologies IPO | Midwest IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,24,99,999 shares | 12,67,605 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 83,33,334 shares | 8,45,070 shares |
| NII | 62,50,000 shares | 6,33,803 shares |
| RII | 1,45,83,333 shares | 14,78,873 shares |
| Employee | 0 shares | 10,373 shares |
| Others | ||
| Total | 4,16,66,666 shares | 42,35,724 shares |
Excelsoft Technologies IPO subscribed 45.46x in total, whereas Midwest IPO subscribed 92.36x.
| Excelsoft Technologies IPO | Midwest IPO | |
|---|---|---|
| QIB (times) | 50.06x | 146.99x |
| NII (times) | 107.04x | 176.57x |
| Big NII (times) | 122.93x | 201.77x |
| Small NII (times) | 75.25x | 126.16x |
| RII (times) | 16.44x | 25.52x |
| Employee (times) | 25.80x | |
| Other (times) | ||
| Total (times) | 45.46x | 92.36x |
