Excelsoft Technologies IPO Day 2: Check Subscription Status & Key Highlights
The Excelsoft Technologies IPO enters its second day of subscription today, 20 November 2025. By the end of the first day, the issue was subscribed 1.56 times overall. The bidding window is scheduled to close on November 21, 2025.
Excelsoft Technologies IPO: Issue Details
The Excelsoft Technologies IPO is a book-building issue of ₹500 crores, comprising a fresh issue of ₹180 crores and an offer-for-sale of ₹320 crores by selling shareholder Pedanta Technologies Private Limited. The price band is set between ₹114 and ₹120 per share.
The basis of allotment will be finalised by November 24, 2025, and the tentative listing date on NSE and BSE is November 26, 2025.
The book-running lead manager for the IPO is Anand Rathi Advisors Limited, while MUFG Intime India Private Limited serves as the registrar for the issue.
Excelsoft Technologies IPO Day 2 Subscription Status
[20-November-2025 11:03:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.02 |
|
Non-Institutional Investors |
5.15 |
|
Retail Individual Investors (RIIs) |
2.99 |
|
Total |
2.60 |
Excelsoft Technologies IPO Day 1 Subscription Status
[19-November-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
1.92 |
|
Retail Individual Investors (RIIs) |
2.01 |
|
Total |
1.56 |
Utilisation of IPO Proceeds
The company will not receive any proceeds from the OFS (offer for sale) component; instead, they will be directly allocated to the selling shareholders.
The net proceeds from the fresh issue will be used to fund capital expenditure towards
- Purchase of land and construction of a new building located in the Mysore District
- Upgrading external electrical systems at the existing facility
- Upgrading the Company’s IT Infrastructure
- General corporate purposes
Excelsoft Technologies Business Overview
Excelsoft Technologies is a global provider of vertical SaaS solutions specialising in the education, learning, and assessment domain. The company also offers a comprehensive range of learning solutions that support digital content distribution, subscription management, interactive learning experiences, and institutional training needs.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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