Comparison between Excelsoft Technologies IPO and Vikram Solar IPO.
Excelsoft Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vikram Solar 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 Vikram Solar IPO is up to ₹2,079.37 Cr. The final issue price of Excelsoft Technologies IPO is ₹120.00 per share and of Vikram Solar IPO is ₹332.00 per share.
| Excelsoft Technologies IPO | Vikram Solar IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹315.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹332.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹332.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 125 shares | 45 shares |
| Fresh Issue Size | 1,50,00,000 shares | 4,51,80,722 shares |
| Fresh Issue Size (Amount) | up to ₹180.00 Cr | up to ₹1,500.00 Cr |
| OFS Issue Size | 2,66,66,666 shares | 1,74,50,882 shares |
| OFS Issue Size (Amount) | up to ₹320.00 Cr | up to ₹579.37 Cr |
| Issue Size Total | 4,16,66,666 shares | 6,26,31,604 shares |
| Issue Size Total (Amount) | up to ₹500.00 Cr | up to ₹2,079.37 Cr |
Excelsoft Technologies IPO opens on Nov 19, 2025, while Vikram Solar IPO opens on Aug 19, 2025. The closing date of Excelsoft Technologies IPO and Vikram Solar IPO is Nov 21, 2025, and Aug 21, 2025, respectively.
| Excelsoft Technologies IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | Aug 18, 2025 |
| Issue Open | Nov 19, 2025 | Aug 19, 2025 |
| Issue Close | Nov 21, 2025 | Aug 21, 2025 |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | Aug 22, 2025 |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | Aug 25, 2025 |
| Credit of Share (Tentative) | Nov 25, 2025 | Aug 25, 2025 |
| Listing date (Tentative) | Nov 26, 2025 | Aug 26, 2025 |
| Anchor Lockin End date 1 | Dec 23, 2025 | Sep 20, 2025 |
| Anchor Lockin End date 2 | Feb 21, 2026 | Nov 19, 2025 |
Excelsoft Technologies IPO P/E ratio is 34.62, as compared to Vikram Solar IPO P/E ratio of 75.16.
| Excelsoft Technologies IPO | Vikram Solar 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)Vikram Solar Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 75% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 94.6 | 77.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.09 | 63.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 34.62 | 75.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1381.01 Cr. | ₹12009.01 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.38 | 16.57% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.11 | 24.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.05 | 0.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.47 | ₹4.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.38 | 11.26% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Excelsoft Technologies IPO Retail Individual Investors (RII) are offered 1,45,83,333 shares while in Vikram Solar 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 1,24,66,080 shares in Vikram Solar IPO.
| Excelsoft Technologies IPO | Vikram Solar IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,24,99,999 shares | 1,86,99,120 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 83,33,334 shares | 1,24,66,080 shares |
| NII | 62,50,000 shares | 93,49,560 shares |
| RII | 1,45,83,333 shares | 2,18,15,640 shares |
| Employee | 0 shares | 3,01,204 shares |
| Others | ||
| Total | 4,16,66,666 shares | 6,26,31,604 shares |
Excelsoft Technologies IPO subscribed 45.46x in total, whereas Vikram Solar IPO subscribed 56.42x.
| Excelsoft Technologies IPO | Vikram Solar IPO | |
|---|---|---|
| QIB (times) | 50.06x | 145.10x |
| NII (times) | 107.04x | 52.87x |
| Big NII (times) | 122.93x | 59.58x |
| Small NII (times) | 75.25x | 39.46x |
| RII (times) | 16.44x | 7.98x |
| Employee (times) | 5.10x | |
| Other (times) | ||
| Total (times) | 45.46x | 56.42x |
