Excelsoft Tech IPO shares to make stock market debut today; check GMP before D-st debut
Excelsoft Technologies sold its shares in the price band of Rs 114-120 apiece, applied for a minimum of 125 shares and its multiples to raise Rs 500 crore between November 19-21.
- Nov 26, 2025,
- Updated Nov 26, 2025 7:07 AM IST
Shares of Excelsoft Technologies are set to make their Dalal Street debut on Wednesday, November 26 and the SaaS-based learning and assessment player is likely to deliver a mild listing pop to the investors, considering its latest grey market premium (GMP) ahead of listing.
The IPO of Excelsoft Technologies was open for subscription between November 19 and November 21. It had offered its shares in the price band of Rs 114-120 per share with a lot size of 125 shares. The company raised a total of Rs 500 crore from its IPO, which included a fresh share sale of Rs 180 crore and an offer-for-sale (OFS) of up to 2,66,66,666 equity shares worth Rs 320 crore.
The issue was overall subscribed a total of 43.19 times, attracting bids over Rs 15,910 crore through nearly 17.49 lakh applications. The portion for qualified-institutional bidders (QIBs) was subscribed 15.62 times, while non-institutional investors (NIIs) quota was booked 101.69 times. The allocation for retail investors was subscribed 47.55 times during the three-day bidding process.
The grey market premium (GMP) of Excelsoft Technologies has seen a sharp correction despite getting strong bids led by muted market sentiments. Last heard, it was commanding a premium of Rs 8-10 in the unofficial market, suggesting a listing pop of 7-8 per cent for the investors. The GMP stood around Rs 14-16 during the bidding period.
Incorporated in 2000, Mysuru-based 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.
Brokerage firms were mostly positive on the issue with some having a 'neutral' stance. Anand Rathi Advisors was sole the booking running lead managers for the IPO of Excelsoft Technologies, while MUFG Intime India served as the registrar for the issue. Shares of Excelsoft Technologies shall be listed on both NSE and BSE.
Shares of Excelsoft Technologies are set to make their Dalal Street debut on Wednesday, November 26 and the SaaS-based learning and assessment player is likely to deliver a mild listing pop to the investors, considering its latest grey market premium (GMP) ahead of listing.
The IPO of Excelsoft Technologies was open for subscription between November 19 and November 21. It had offered its shares in the price band of Rs 114-120 per share with a lot size of 125 shares. The company raised a total of Rs 500 crore from its IPO, which included a fresh share sale of Rs 180 crore and an offer-for-sale (OFS) of up to 2,66,66,666 equity shares worth Rs 320 crore.
The issue was overall subscribed a total of 43.19 times, attracting bids over Rs 15,910 crore through nearly 17.49 lakh applications. The portion for qualified-institutional bidders (QIBs) was subscribed 15.62 times, while non-institutional investors (NIIs) quota was booked 101.69 times. The allocation for retail investors was subscribed 47.55 times during the three-day bidding process.
The grey market premium (GMP) of Excelsoft Technologies has seen a sharp correction despite getting strong bids led by muted market sentiments. Last heard, it was commanding a premium of Rs 8-10 in the unofficial market, suggesting a listing pop of 7-8 per cent for the investors. The GMP stood around Rs 14-16 during the bidding period.
Incorporated in 2000, Mysuru-based 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.
Brokerage firms were mostly positive on the issue with some having a 'neutral' stance. Anand Rathi Advisors was sole the booking running lead managers for the IPO of Excelsoft Technologies, while MUFG Intime India served as the registrar for the issue. Shares of Excelsoft Technologies shall be listed on both NSE and BSE.