Excelsoft Technologies is set to launch its initial public offering (IPO) on November 19, 2025. The issue will close on November 21, and the company is
The IPO is worth Rs 500 crore. This includes a fresh issue of shares worth Rs 180 crore and an offer for sale (OFS) of Rs 320 crore by existing shareholders.
The fresh issue will help the company fund growth plans, while the OFS will allow current investors to partially exit.
The company has set the price band at Rs 114 to Rs 120 per share. The minimum application size for retail investors is 125 shares, which comes to Rs 15,000 at the upper price.
For non-institutional investors, the sNII category requires 14 lots (1,750 shares) costing about Rs 2,10,000, while bNII applicants need 67 lots (8,375 shares) worth around Rs 10,05,000.
Anand Rathi Advisors Ltd. is the book-running lead manager for the issue, and MUFG Intime India Pvt. Ltd. will act as the registrar.
The latest grey market premium (GMP) stands at Rs 16, last recorded on November 18, 2025.
Based on the upper price band of Rs 120, the estimated listing price is around Rs 136, indicating an expected gain of about 13.33% if market conditions remain steady.
Founded in 2000, Excelsoft Technologies is known for its tech-led solutions in the education and assessment industry.
The company offers AI-driven learning platforms, online test and assessment systems, eBook solutions, proctoring tools and student success platforms.
Excelsoft works with more than 200 organisations and serves over 30 million learners globally. The firm has a presence in India, Malaysia, Singapore, the UK and the USA.