Bookbuilding IPO | ₹500 Cr | Listed at BSE, NSE
Excelsoft Technologies IPO is a book build issue of ₹500.00 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to ₹180.00 crores and offer for sale of 2.67 crore shares aggregating to ₹320.00 crores.
Excelsoft Technologies IPO bidding started from Nov 19, 2025 and ended on Nov 21, 2025. The allotment for Excelsoft Technologies IPO was finalized on Nov 24, 2025. The shares got listed on BSE, NSE on Nov 26, 2025.
Excelsoft Technologies IPO price band is set at ₹120 per share. The lot size for an application is 125. The minimum amount of investment required by an retail is ₹15,000 (125 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹10,05,000.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Excelsoft Technologies IPO RHP for detailed Information.
IPO Open
Wed, Nov 19, 2025
IPO Close
Fri, Nov 21, 2025
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹1,381.01 Cr
| IPO Date | 19 to 21 Nov, 2025 |
| Listed on | Wed, Nov 26, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,16,66,666 shares (agg. up to ₹500 Cr) |
| Fresh Issue | 1,50,00,000 shares (agg. up to ₹180 Cr) |
| Offer for Sale | 2,66,66,666 shares of ₹10 (agg. up to ₹320 Cr) |
| Share Holding Pre Issue | 10,00,84,164 shares |
| Share Holding Post Issue | 11,50,84,164 shares |
| BSE Script Code / NSE Symbol | 544617 / EXCELSOFT |
| ISIN | INE606N01019 |
Excelsoft Technologies IPO offers total 4,16,66,666 shares. Out of which 2,08,33,333 (50.00%) allocated to QIB, 83,33,334 (20.00%) allocated to QIB (Ex- Anchor), 62,50,000 (15.00%) allocated to NII 1,45,83,333 (35.00%) allocated to RII and 1,24,99,999 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,08,33,333 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,24,99,999 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 83,33,334 (20.00%) | NA |
| NII (HNI) Shares Offered | 62,50,000 (15.00%) | NA |
| − bNII > ₹10L | 41,66,667 (10.00%) | 2,380 |
| − sNII < ₹10L | 20,83,333 (5.00%) | 1,190 |
| Retail Shares Offered | 1,45,83,333 (35.00%) | 1,16,666 |
| Total Shares Offered | 4,16,66,666 (100.00%) |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Excelsoft Technologies IPO raises ₹150.00 crore from anchor investors. Excelsoft Technologies IPO Anchor bid date is November 18, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 18, 2025 |
| Shares Offered | 1,24,99,999 |
| Anchor Portion (₹ Cr.) | 150.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Dec 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Feb 21, 2026 |
Founded in 2000, Excelsoft Technologies Limited is a global vertical SaaS company specialising in the learning and assessment market. The company provides AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms.
The company's SARAS LMS, including EnablED LXP and OpenPage digital books, offer tailored learning support for academic institutions and corporations, addressing their training, learning, and development needs.
Excelsoft serves a diverse range of clients, including educational publishers, universities, schools, government agencies, defence organisations, and businesses.
With operations in India, Malaysia, Singapore, the UK, and the USA, the company collaborates with over 200 organisations and impacts more than 30 million learners worldwide.
Some of its prominent and long-standing clients include Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO and more.
As of June 30, 2025, Excelsoft has a team of 1,118 employees.
Competitive Strength
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.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 478.34 | 470.49 | 421.03 | 436.13 |
| Total Income | 60.28 | 248.80 | 200.70 | 197.97 |
| Profit After Tax | 6.01 | 34.69 | 12.75 | 22.41 |
| EBITDA | 10.18 | 73.26 | 54.97 | 68.18 |
| NET Worth | 375.95 | 371.29 | 297.30 | 278.08 |
| Reserves and Surplus | 274.25 | 269.66 | 295.71 | 276.48 |
| Total Borrowing | 37.82 | 26.59 | 76.73 | 118.09 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property. | 61.77 |
| 2 | Funding expenditure for upgradation including external electrical systems of the Existing Facility at Mysore, India. | 39.51 |
| 3 | Funding upgradation of the Company’s IT Infrastructure (Software, Hardware and Communications & Network Services). | 54.64 |
| 4 | General Corporate Purposes. | 8.98 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 10.38 |
| ROCE | 16.11 |
| Debt/Equity | 0.05 |
| RoNW | 10.38 |
| PAT Margin | 14.87% |
| EBITDA Margin | 31.40% |
| Price to Book Value | 3.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.47 | 2.09 |
| P/E (x) | 34.62 | 57.46 |
| Promoter Holding | 94.60% | 59.09% |
| Market Cap | ₹1,381.01 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM including underwriting commission, brokerage and selling commission, as applicable | 16.25 |
| 2 | Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs | 3.12 |
| 3 | Bidding charges for members of the Syndicate (including their sub-Syndicate Members), Registered Brokers, RTA and CDPs | |
| 4 | Fees payable to the Statutory Auditor, consultants and market research firms to the Offer | 10.92 |
| 5 | Listing Fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses such as ROC fees, Depository Charges, etc. | 2.63 |
| 6 | Printing and stationery expenses | 0.95 |
| 7 | Advertising and marketing expenses | 3.41 |
| 8 | Fees payable to legal counsel | 2.00 |
| 9 | Miscellaneous expenses such as Independent Chartered Engineer fees, architect fees, Practicing Company Secretaries’ fees, Monitoring Agency, Other Advisors to the offer and other out of pocket expenses including travelling and conveyance | 2.70 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹135.00 | ₹135.00 |
| Low | ₹125.05 | ₹125.13 |
| High | ₹142.65 | ₹142.59 |
| Last Trade | ₹125.95 | ₹125.97 |
Lead Manager Reports
Excelsoft Technologies IPO is a main-board IPO of 4,16,66,666 equity shares of the face value of ₹10 aggregating up to ₹500 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 125.
The IPO opens on Wed, Nov 19, 2025, and closes on Fri, Nov 21, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Excelsoft Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Excelsoft Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Excelsoft Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Excelsoft Technologies IPO opens on Wed, Nov 19, 2025 and closes on Fri, Nov 21, 2025.
Excelsoft Technologies IPO lot size is 125, and the minimum amount required for application is ₹15,000.
You can apply in Excelsoft Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Excelsoft Technologies IPO will be done on Monday, November 24, 2025, and the allotted shares will be credited to your demat account by Tue, Nov 25, 2025. Check the Excelsoft Technologies IPO allotment status.
The Excelsoft Technologies IPO listing date is on Wed, Nov 26, 2025.
