Excelsoft Technologies Limited IPO

Excelsoft Technologies Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹114 - ₹120

Total Issue

₹500.00 Cr

Bid Dates

19 Nov - 21 Nov

Subscription

43.19x

Est. GMP

₹7 (5.83%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Excelsoft is a global vertical SaaS provider focused on the learning and assessment market. According to the Arizton Report, vertical SaaS is expanding rapidly as specialized, industry-tailored solutions increasingly outperform general SaaS, with projections indicating it could account for nearly 50% of the total SaaS market by 2030. With over two decades of experience, the Company delivers technology-driven solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. Its cloud-based platforms feature open, standards-compliant APIs that enable scalability across organizations and users. Security, reliability and high performance remain central to its product offerings.

Lot Info

Lot Information for Excelsoft IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹500.00 Cr
Fresh Issue
₹180.00 Cr (1.50 Cr Shares)
Offer For Sale
₹320.00 Cr (2.67 Cr Shares)

Objects of Issue

  • Funding of capital expenditure for purchase of land & construction of new building at the Mysore Property
  • Funding of capital expenditure for upgradation & external electrical systems of the Existing Facility at Mysore, India
  • Funding upgradation of the Company’s IT Infrastructure (Software, Hardware & Communications & Network Services)

Grey Market Premium

GMP ₹7
Est. Price ₹127
Est. Gain 5.83%

Excelsoft IPO Peer Comparison

(Rs. in crores)

Excelsoft IPO Peer Comparison Table
Particulars Excelsoft MPS Ltd Ksolves India Ltd Silver Touch Ltd Sasken Ltd InfoBeans Ltd
Revenue from Ops (in Crs.) 233.29 726.89 137.43 288.38 550.91 394.78
PAT (In Crs.) 34.69 148.91 34.32 22.20 50.51 37.97
EPS - Basic 3.47 87.80 14.47 17.50 33.30 15.59
NAV per share 37.10 279.69 17.51 105.48 531.24 136.34
RONW 10.38% 31.74% 153.95% 18% 6.36% 12.09%
EBITDA 31.40% 30.64% 34.82% 13.01% 4.16% 17.32%
PAT Margin 14.87% 20.49% 24.97% 7.70% 9.17% 9.62%
Price to earning (PE) 34.58 26.17 22.42 41.07 42.19 32.54
  • All information pertains to FY 2024-25.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 16, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Excelsoft IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue from Operations 55.72 233.29 198.30 195.10
Profit after Tax 6.01 34.69 12.75 22.41
Net Worth 375.95 371.29 297.30 278.08
Total Borrowing 37.82 26.59 76.73 118.09
Total Assets 478.34 470.49 421.03 436.13
NAV per share (in ₹) 37.56 37.10 29.71 27.80
EPS - Basic (in ₹) 0.60 3.47 1.27 2.24

KPIs

EBITDA

31.40%

PAT

14.87%

ROE

10.38%

ROCE

16.11%

PE Ratio

34.58

PB Ratio

3.23

Mkt Cap (in Crs.)

1,381.01

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

94.60%

Public

5.40%

Pedanta Technologies 43.12%
Dhananjaya Sudhanva 38.81%
Lajwanti Sudhanva 11.75%
Others 0.92%

Management

Dhananjaya Sudhanva Chairman & MD
Subramaniam Ravi CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Lead Managers (1)

Anand Rathi Securities Anand Rathi Securities

Subscription Status

Updated as on 21-Nov-2025 19:00:00

Mainboard Subscription Status for Excelsoft IPO
Category Sub (x) Offered Bids
QIB 50.06 83,33,334 41,71,39,125
NII 107.04 62,50,000 66,89,98,875
bHNI 122.93 41,66,667 51,22,27,250
sHNI 75.25 20,83,333 15,67,71,625
Retail 16.44 1,45,83,333 23,97,70,625
Total 45.46 2,91,66,667 1,32,59,08,625

Frequently Asked Questions

What is Excelsoft IPO?
Excelsoft IPO is a Mainboard IPO having an issue size of ₹500.00 Crs. Excelsoft IPO is priced at ₹114 - ₹120 per share. The issue opens on 19 Nov 25 and closes on 21 Nov 25.
When will Excelsoft IPO open?
Excelsoft IPO opens on 19 Nov 25 and closes on 21 Nov 25.
What is the GMP of Excelsoft IPO?
The estimated Grey Market Premium of Excelsoft IPO is ₹7 per share (5.83%).
What is the lot size of Excelsoft IPO?
The minimum lot size of Excelsoft IPO is 125 shares & the minimum application amount is Rs. 15000.
When is the allotment of Excelsoft IPO?
The allotment date of Excelsoft IPO is 24 Nov 25.
What is the listing date of Excelsoft IPO?
The listing date of Excelsoft IPO is 26 Nov 25.
What is the subscription of Excelsoft IPO?
Excelsoft IPO is subscribed 43.19 times.
What is the price band of Excelsoft IPO?
Excelsoft IPO is priced at ₹114 - ₹120 per share.
How to check allotment status of Excelsoft IPO?
Click the allotment link on Excelsoft IPO page of IPO360.
How to apply Excelsoft IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Excelsoft IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Excelsoft IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Excelsoft IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date