Comparison between Excelsoft Technologies IPO and VMS TMT IPO.
Excelsoft Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while VMS TMT 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 VMS TMT IPO is up to ₹148.50 Cr. The final issue price of Excelsoft Technologies IPO is ₹120.00 per share and of VMS TMT IPO is ₹99.00 per share.
| Excelsoft Technologies IPO | VMS TMT IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹99.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 125 shares | 150 shares |
| Fresh Issue Size | 1,50,00,000 shares | 1,50,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹180.00 Cr | up to ₹148.50 Cr |
| OFS Issue Size | 2,66,66,666 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹320.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 4,16,66,666 shares | 1,50,00,000 shares |
| Issue Size Total (Amount) | up to ₹500.00 Cr | up to ₹148.50 Cr |
Excelsoft Technologies IPO opens on Nov 19, 2025, while VMS TMT IPO opens on Sep 17, 2025. The closing date of Excelsoft Technologies IPO and VMS TMT IPO is Nov 21, 2025, and Sep 19, 2025, respectively.
| Excelsoft Technologies IPO | VMS TMT IPO | |
|---|---|---|
| Anchor Bid Date | Nov 18, 2025 | Sep 16, 2025 |
| Issue Open | Nov 19, 2025 | Sep 17, 2025 |
| Issue Close | Nov 21, 2025 | Sep 19, 2025 |
| Basis Of Allotment (Tentative) | Nov 24, 2025 | Sep 22, 2025 |
| Initiation of Refunds (Tentative) | Nov 25, 2025 | Sep 23, 2025 |
| Credit of Share (Tentative) | Nov 25, 2025 | Sep 23, 2025 |
| Listing date (Tentative) | Nov 26, 2025 | Sep 24, 2025 |
| Anchor Lockin End date 1 | Dec 23, 2025 | Oct 21, 2025 |
| Anchor Lockin End date 2 | Feb 21, 2026 | Dec 20, 2025 |
Excelsoft Technologies IPO P/E ratio is 34.62, as compared to VMS TMT IPO P/E ratio of 22.24.
| Excelsoft Technologies IPO | VMS TMT 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)VMS TMT Ltd.'s revenue decreased by 12% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 94.6 | 96.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.09 | 67.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 34.62 | 22.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1381.01 Cr. | ₹491.35 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.11 | 12.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.05 | 3.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.47 | ₹4.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.38 | 20.14% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Excelsoft Technologies IPO Retail Individual Investors (RII) are offered 1,45,83,333 shares while in VMS TMT 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 18,00,000 shares in VMS TMT IPO.
| Excelsoft Technologies IPO | VMS TMT IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,24,99,999 shares | 27,00,000 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 83,33,334 shares | 18,00,000 shares |
| NII | 62,50,000 shares | 30,00,000 shares |
| RII | 1,45,83,333 shares | 75,00,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 4,16,66,666 shares | 1,50,00,000 shares |
Excelsoft Technologies IPO subscribed 45.46x in total, whereas VMS TMT IPO subscribed 102.24x.
| Excelsoft Technologies IPO | VMS TMT IPO | |
|---|---|---|
| QIB (times) | 50.06x | 120.80x |
| NII (times) | 107.04x | 227.08x |
| Big NII (times) | 122.93x | 243.91x |
| Small NII (times) | 75.25x | 193.46x |
| RII (times) | 16.44x | 47.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 45.46x | 102.24x |
