Kolkata: Excelsoft Technologies IPO threw openis bidding process n ov 19, 2025. On the first day of the application process, the issue was subscribed 1.56 times overall — 2.01 times in the retail category, 0.01 times in QIB (ex anchor) category and 2.60 times in the NII category. On Nov 18, a day before the bidding process started, the company informed the bourses that it could raise Rs 149.99 crore from 10 anchor investors who picked up 1.24 crore shares at Rs 120 each.

Excelsoft Technologies IPO is a book build issue designed to mop up Rs 500 crore through a combination of fresh issue of 1.50 crore shares aggregating to Rs 180 crore and an OFS segment of 2.67 crore shares to raise Rs 320.00 crores.

Excelsoft Technologies IPO GMP

The Excelsoft Technologies IPO GMP stood at Rs 15.5 in early morning of Nov 19, according to investorgain. It was at the same level on Nov 19. At this level, it signals a listing gain of 12.92%. However it must be kept in mind that GMP is a volatile process and cannot guarantee listing gain or loss. The GMP stood at Rs 30 on Nov 15 and dipped to Rs 20 on Nov 16 and further to Rs 16 on Nov 17, showed investorgain data.

Excelsoft Technologies IPO price band, lot size, key dates

Excelsoft Technologies IPO price band was fixed at Rs 114-120. A retail investor has to invest a minimum of Rs 15,000 — the price for a minimum lot of 125 shares based on the upper end of the price band. The minimum lot size for sNII investors is 14 lots or 1,750 shares and that for bNII investors is 67 lots or 8,375 shares. Anand Rathi Advisors is the book running lead manager and MUFG Intime India is the registrar of the issue.

IPO closes: Nov 21, 2025
Allotment: Nov 24
Refund: Nov 25
Credit of shares to demat: Nov 25
Listing: Nov 26
Cut-off time for UPI mandate confirmation: 5 pm on Nov 21

Business of Excelsoft Technologies

Excelsoft Technologies is a global vertical SaaS company. It offers AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms and digital eBook platforms. The company has a wide array of clients such as educational publishers, universities, schools, government agencies, businesses and even defence organisations. Its operations are spread in Malaysia, Singapore, the UK and the US apart from India.

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