Excelsoft Technologies IPO Allotment, GMP Highlights: The allotment of Excelsoft Technologies IPO was finalised on November 24. The IPO closed on November 21. The company raised Rs 500 crore from investors, offering them equity. The IPO was opened on November 19. The shares of Excelsoft Technologies were seeing a grey market premium of 5%. The shares of Excelsoft Technologies are likely to be listed on the exchanges, BSE and NSE, on November 26, as per the tentative schedule.
| Excelsoft Technologies IPO | Key Details |
| Issue Price | Rs 114-120 per share |
| Subscription | 45.46x |
| GMP | 5% |
| IPO Allotment date | November 24 |
| Listing date | November 26 |
Excelsoft Technologies IPO: Key details
Excelsoft Tech kept the price band between Rs 114 to Rs 120 per equity share. The issue was a combination of 1.50 crore fresh shares, aggregating to Rs 180 crores, and an offer for sale of 2.67 crore shares amounting to Rs 320 crores.
Excelsoft Technologies IPO: Book runner and registrar
Anand Rathi Advisors is the book-running lead manager for the IPO, and MUFG Intime India is the registrar of the issue.
About Excelsoft Technologies
Excelsoft Technologies 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 platform is designed to provide scalable, secure, and data-driven solutions for diverse learning needs.
Excelsoft Technologies IPO Allotment Highlights: Check allotment status, refund details, GMP today, listing date, and price band
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Subscription recap
The IPO received an overall subscription of 43 times. The Qualified Institutional Buyers (QIB) segment was subscribed 47.55 times, while the Non-Institutional Investor (NII) category received a 101.69 times subscription.
The company has expertise in assessments, digital learning, and information systems. It has strong global customer relationships built over the long term. It delivers compliant digital learning and assessment solutions globally. Plus, experienced leadership ensures high standards and governance.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Strong clientele
The company serves more than 70 global clients (including Pearson Group), ensuring predictable, recurring revenue via long-term contracts. Excelsoft Tech has demonstrated significant financial health, highlighted by a 172% net profit surge in FY25.
However, the company is highly reliant on the Pearson Education Group, which contrinutes 59% of its revenue. This poses a significant disruption risk.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Listing date
Excelsoft Technologies opened its IPO for subscription between November 19 and November 21. Excelsoft is scheduled to list its shares on both NSE and BSE on November 26.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: EdTech services and content solutions
Excelsoft Technologies delivers robust EdTech services and content solutions. Their services include end-to-end product engineering, cloud infrastructure, data analytics, and custom solutions for education providers. They create digital learning content, including microlearning, gamified scenarios, and AI/VR-powered designs, tailored to organisational and academic needs.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Compay background
Excelsoft Technologies operates as a vertical SaaS provider, offering digital learning, testing, and assessment solutions for education, corporate, government, and certification clients in India and abroad.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Use of IPO funds
The company plans to use the IPO proceeds for land purchase in Mysore, upgrading electrical and IT infrastructure, improving its technology stack, and addressing general corporate needs.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Allotment and other details
Share allotment was completed on November 24, based on SEBI’s category-wise rules and proportionate allocation system.
Allotted shares will credited to investors demat accounts on November 25, while refunds for unsuccessful applicants were processed on the same day.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Subscription recap
The IPO received overall 43 times subscription. Qualified institutional buyers subscribed their portion 47.55 times.
The non-institutional investor category saw heavy demand, with bids coming in 101.69 times the available shares.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Key details of the issue
Out of the total, Rs 180 crore came from a fresh issue of about 1.5 crore shares. The proceeds are meant to support the company’s upcoming infrastructure and expansion plans.
The remaining Rs 320 crore was an OFS, where promoters and early investors sold 2.67 crore shares, allowing them to partially reduce their holdings.
Excelsoft set a price band of Rs 114–Rs 120 per share.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: About the company
The company focuses on the high-growth Vertical SaaS segment, specifically in the EdTech learning and assessment market. The company serves 76 global clients (including Pearson Group), ensuring predictable, recurring revenue via long-term contracts.
The company's shares were allotted to investors on November 24. Investors can check the allotment status through different websites. Here's a step-by-step guide to check status via the BSE Website:
Go to the BSE IPO allotment status page.
Select ‘Equity’ as the issue type.
From the dropdown, choose Excelsoft Technologies.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Total issue size
The company launched a Rs 500 crore public offer. This included both newly issued shares and a sale of existing shares by current holders.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Strong domain leadership in assessment & learning technology
Excelsoft’s solutions handle highly sensitive workflows such as high-stakes exams, certification tests, adaptive learning environments, and large-scale digital assessments. These require reliability, security, compliance, and extremely high uptime, all of which Excelsoft has demonstrated with global clients. This specialisation creates a high entry barrier, because replacing such platforms is costly, time-consuming, and operationally risky for institutions.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Use of AI in the company
The company uses Artificial Intelligence (AI), Machine Learning (ML), and Large Language Models (LLMs) in many of its products. These tools help with tasks like content creation, language processing, and improving the assessment experience.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: About the issue
The IPO worth Rs 500 crore, out of which 64% Rs 320 crore is an OFS component and the rest 36% is Rs 180 crore is a fresh issue, which will be allocated towards capacity expansion and IT infrastructure modernisation in Mysore.
The company incorporated in 2000 and headquartered in Mysore offers a suite of products which all are driven by expertise in product engineering and long-term client relationships in the EdTech space.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Strength of the company
The company is likely to increase revenue from the existing customers and acquire new customers. It is set to position the brand in the right manner. Plus, it has the strength of innovating and improving the portfolio of existing products, and creating new products as per the needs of the market.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Promoters' ownership
Promoters hold around 10 crore shares before the IPO. Their share will reduce after the fresh issue, but they will continue to be the majority owners.
The promoter group includes four promoters and one promoter group entity
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Clients of the company
Excelsoft works with education bodies, certification agencies, corporate organisations, and government sectors. It helps them create and conduct online tests, evaluate results, and manage digital learning.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Customer base of the company
The company works with clients across North America, Europe, APAC, and the Middle East. These customers rely on Excelsoft for large-scale exam delivery, proctoring, learning management, adaptive testing, and advanced analytics. Because these platforms integrate deeply with the client’s operational, academic, and administrative systems, churn is extremely low. This global exposure also means diversified revenue streams and reduced dependence on the Indian market cycles. The long-term contracts, multi-year renewals, and multi-product integration lead to stable, predictable revenue visibility.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Check allotment status on BSE
Step-by-step process
– Visit the BSE IPO allotment status page.
– Under Issue Type, select Equity.
– From the dropdown list, choose Excelsoft Technologies IPO.
– Enter your Application Number or PAN.
-Tick the ‘I’m not a robot’ captcha box.
– Click Search to view your allotment status.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Risks involved
The SaaS industry is exposed to rapid technological changes, changing client preferences, new service introductions, etc. The company is subject to evolving laws regarding privacy, data protection, cybersecurity and other related matters, with adherence to numerous compliances.
Excelsoft Technologies IPO Allotment, GMP, Listing LIVE Updates: Via Registrar
Go to the official site of the registrar MUFG Intime.
Select ‘ Excelsoft Technologies’ from the dropdown.
Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
Fill in the necessary details and press Search to check your status.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: About the issue
The IPO worth Rs 500 crore, out of which 64% Rs 320 crore is an OFS component and the rest 36% is Rs 180 crore is a fresh issue, which will be allocated towards capacity expansion and IT infrastructure modernisation in Mysore.
The company incorporated in 2000 and headquartered in Mysore offers a suite of products which all are driven by expertise in product engineering and long-term client relationships in the EdTech space.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: Who the clients are
Excelsoft works with education bodies, certification agencies, corporate organisations, and government sectors. It helps them create and conduct online tests, evaluate results, and manage digital learning.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: When is the listing
The company’s shares will be listed on both the BSE and NSE stock exchanges. It will be listed on November 26.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: What the company does
Excelsoft Technologies works as a Software-as-a-Service (SaaS) provider focused on learning and assessment tools. Its products include AI-based exam platforms, online proctoring systems, learning management systems, and digital book solutions.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: Promoter ownership
Before the IPO, the promoters hold around 10 crore shares.
Their share will reduce after the fresh issue, but they will continue to be the majority owners.
The promoter group includes four promoters and one promoter group entity.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: About the issue
The IPO worth Rs 500 crore, out of which 64% Rs 320 crore is an OFS component and the rest 36% is Rs 180 crore is a fresh issue, which will be allocated towards capacity expansion and IT infrastructure modernisation in Mysore.
The company incorporated in 2000 and headquartered in Mysore offers a suite of products which all are driven by expertise in product engineering and long-term client relationships in the EdTech space.
Excelsoft Technologies IPO Allotment, GMP LIVE Updates: Industry outlook
Within this broad universe, the education technology SaaS segment is expanding even faster as institutions increasingly move away from legacy offline systems toward cloud-based platforms for learning, evaluation, student management, analytics, content distribution, and workflow automation. In India particularly, SaaS-based education platforms are expected to grow at a high double-digit rate as colleges, coaching centres, test bodies, and professional educators formalise digital-first operations.