Excelsoft Technologies came to market through an IPO that opened on 19 November 2025 and closed on 21 November 2025, and the shares listed on 26 November 2025 on BSE, NSE. The price band was ₹114 to ₹120 per share and one lot was 125 shares, so the minimum application was ₹15,000. The issue size was ₹500 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Anand Rathi Advisors Ltd was the lead manager.
As of 21 November 2025.
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Excelsoft Technologies Limited is a global vertical SaaS company focused on the learning and assessment market. Founded in 2000, 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 customized learning support to academic institutions and corporations to cater to their training, learning, and development requirements.Excelsoft provides services to a wide range of clients:
educational publishers, universities, schools, government agencies, and businesses. Operating in India, Malaysia, Singapore, the UK, and the USA, the company works with more than 200 organisations and reaches over 30 million learners across the world.Some of its prominent long-standing clients include Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO and many more.
The headcount of Excelsoft as of June 30, 2025, is 1,118.
As described in the offer document.
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Excelsoft Technologies raises Rs 150 crore from 10 anchor investors ahead of Rs 500-crore IPO The biggest anchor investor was Bengal Finance & Investment, associated with known investor Ashish Kacholia, which picked up 50 lakh shares for Rs 60 crore, while 360 ONE Equity Opportunity Fund bought 20.83 lakh shares for nearly Rs 25 crore.
Other investors that participated in the anchor book are Societe Generale, GKFF Ventures, Sanshi Fund, BNP Paribas Financial Markets, Alphamine Absolute Return Fund, Shine Star Build-Cap, and Rajasthan Global Securities.
Pedanta Technologies Private Limited, Dhananjaya Sudhanva, Lajwanti Sudhanva, Shruthi Sudhanva. Promoter holding 94.60% before the issue and 59.09% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Excelsoft Technologies IPO was a ₹500 crore book-built issue, comprising a fresh issue of ₹180 crore and an offer for sale of ₹320 crore. It was priced at ₹114–₹120 per share with a lot size of 125 shares (₹15,000). The IPO was open from November 19 to November 21, 2025 and was subscribed 45.46x. Shares listed on BSE and NSE on November 26, 2025 at ₹135, a 12.5% premium to the issue price of ₹120. MUFG Intime India Pvt. Ltd.
is the registrar. Anand Rathi Advisors Ltd is the book running lead manager.
The price band of Excelsoft Technologies IPO is ₹114 to ₹120 per share.
The lot size of Excelsoft Technologies IPO is 125 shares.
The minimum investment for Excelsoft Technologies IPO is approximately ₹15,000 based on the upper price band.
The allotment date of Excelsoft Technologies IPO is Nov 24, 2025.
Excelsoft Technologies IPO's final recorded GMP before listing was ₹6 per share (a 5% premium over the ₹120 upper price band). The shares listed at ₹135. GMP is unofficial and does not forecast or guarantee the actual listing price.
Excelsoft Technologies IPO listed on Nov 26, 2025. It was issued at ₹135.0(NSE) and is currently around ₹76.50 as on 2-Nov-2026 3:30 PM, which is approximately -36.3% versus issue price. The 52-week high is ₹142.59.
You can check Excelsoft Technologies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Excelsoft Technologies IPO allotment status on Rupix for quick and easy access.
₹114 to ₹120 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 125 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 125 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 November 2025 and closed on 21 November 2025.
The basis of allotment was published on 24 November 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 November 2025 on BSE, NSE.
The issue size was ₹500 crore. The fresh issue was 1,50,00,000 shares (aggregating up to ₹180 crore). The offer for sale was 2,66,66,666 shares (aggregating up to ₹320 crore).