Excelsoft Technologies Limited IPO
Excelsoft Technologies Limited IPO
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The public market debut of Excelsoft Technologies Limited's was completed on 26-11-2025 with its listing on the NSE, BSE exchange. The IPO process raised 4,16,66,666 Shares in total capital, consisting of 1,50,00,000 Shares in new equity and ₹320.00 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹114 to ₹120 and minimum application size of 125 shares. Investor response during the subscription period from 19-11-2025 to 21-11-2025 influenced the final allotment ratios across investor categories.
Final allotment was announced on 24-11-2025, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Excelsoft Technologies IPO About Company
Founded in 2000, Excelsoft Technologies Limited is a global SaaS company focused on the learning and assessment industry. It offers AI-driven platforms for testing, online proctoring, e-learning, digital eBooks, and student success. The company serves educational publishers, universities, schools, government bodies, defense organizations, and corporates across India, Malaysia, Singapore, the UK, and the USA. With over 200 clients and 30 million learners worldwide, its key partners include Pearson Education, AQA Education, and Brigham Young University. Excelsoft’s main products include SARAS e-Assessments, EasyProctor, OpenPage, EnablED, CollegeSparc, and LearnActiv. As of December 2024, the company employs 1,109 professionals.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Excelsoft Technologies IPO Strength Factors
- Proven Expertise in Learning and Assessment Solutions: Excelsoft possesses strong capabilities in designing, developing, and implementing digital learning, assessment, and information management systems. Its comprehensive product suite spans the full learning lifecycle, reflecting a deep understanding of client requirements.
- Established Global Client Partnerships: The company enjoys long-standing relationships with international clients, contributing to recurring revenues, customer retention, and sustained business growth.
- Flexible and Scalable Technology Platforms: Excelsoft’s agile, customizable solutions enable adaptability across technologies and learning formats, supporting diverse assessment types, workflows, and grading systems with scalability and efficiency.
Excelsoft Technologies IPO Risk Factors
- Exposure to Rapid Technological Shifts: Operating in a dynamic IT and SaaS landscape, the company faces risks from rapid tech evolution. Failure to innovate or align with emerging trends could weaken competitiveness and affect growth and profitability.
- Vulnerability to Product Defects and Technical Errors: Given the complex and technology-intensive nature of its offerings, any bugs, coding errors, or security vulnerabilities could damage the company’s reputation, disrupt client relationships, delay revenues, or result in legal exposure.
- Legal Risks from Unstamped Agreements: A number of contracts with clients and partners are executed on unstamped or unregistered paper, which may restrict legal enforceability in disputes and expose the company to operational and compliance risks.
Excelsoft Technologies IPO Lead Manager(s)
- Anand Rathi Advisors Limited
Excelsoft Technologies IPO Promoter(s)
- Pedanta Technologies Private Limited
- Dhananjaya Sudhanva
- Lajwanti Sudhanva
- Shruthi Sudhanva
Excelsoft Technologies IPO FAQs
Excelsoft Technologies Limited IPO subscribed 45.46 times. The public issue subscribed 16.44 times in the retail category,50.06times in QIB, and 122.93 times in the HNI (10+) category byNovember 26, 2025 4:15:29 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Excelsoft Technologies IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Excelsoft Technologies IPO FAQs
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