Excelsoft Technologies Share Price, IPO Listing, GMP Live Updates: Post the IPO allotment, Excelsoft Technologies is all set ot list on the exchanges. The shares of the company were fetching a premium of 5.83% in the grey market, indicating that the shares might list at Rs 127.
The company raised Rs 500 crores from the primary markets. The issue was a combination of 1.50 crore fresh shares of Rs 180 crores and an offer for sale of 2.67 crore shares worth Rs 320 crores. The company kept the cut-off price at Rs 120 per equity share. The IPO bidding started on November 19 and finished on November 21. The allotment for IPO was finalised on November 24.
| Excelsoft Technologies IPO | Key Details |
| Issue Price | Rs 120 per share |
| Subscription | 45.46x |
| GMP | 5.8% |
| IPO Allotment date | November 24 |
| Listing date | November 26 |
Excelsoft Technologies IPO: Book runner and registrar
Anand Rathi Advisors worked as the book-running lead manager for the IPO, and MUFG Intime India was the registrar of the issue.
About Excelsoft Technologies
Excelsoft Tech is a global vertical SaaS company focused on the learning and assessment market. The company offers 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, provides customised learning support to academic institutions and corporations to cater to their training, learning, and development requirements. The company cater its services to a wide range of clients: educational publishers, universities, schools, government agencies, and businesses.
Excelsoft Technologies Share Price, IPO Listing LIVE: Check here Live Coverage on Excelsoft Technologies IPO Listing, GMP, Share Price, Price Band, Review
Excelsoft Technologies Share Price, IPO Listing, GMP Live: Fund utilisation
The company plans to use the IPO money to buy land in Mysore, upgrade its electrical and information technology (IT) systems, strengthen its overall technology stack, and meet general corporate requirements.
Excelsoft Technologies is ready to trade in the secondary markets after the allotment of shares was finalised on November 25. The company raised a sum of Rs 500 crore from the primary markets. The stock will hit the bourses, NSE and BSE, around 10 AM today, November 26.