The final day of the Excelsoft Technologies IPO began with plenty of activity. The issue, which opened on November 19, quickly gathered traction in the first two days, and by Thursday evening, the subscription numbers had already signalled strong interest from investors across categories.
With its price band set at ₹114–120 per share, the issue has attracted interest due to its scale, its diverse client base, and the company’s long-standing role in global learning and assessment technology.
Market Performance: How the IPO Has Been Subscribed So Far
The IPO’s pace picked up steadily from the first day and reached deeper traction by the second day of bidding.
Subscription Snapshot
- Total subscription on Day 2: 6.89 times
- Retail portion: 5.92 times
- NII portion: 18.20 times
- QIB portion: 9% bids received
- Total bids: 21,14,24,875 shares
- Shares available: 3,07,01,754
These numbers show how quickly the issue gained momentum, especially among non-institutional investors who took a sizeable lead.
Main News: Key Details of the Excelsoft Technologies IPO
The company’s public offering consists of both a fresh issue and an offer-for-sale. The IPO is scheduled to close today, marking the end of its three-day bidding window.
IPO Structure
- Price band: ₹114–120 per share
- Fresh issue: ₹180 crore
- Offer-for-sale: ₹320 crore
- Total IPO size: revised from the earlier planned ₹700 crore
The updated size followed the draft documents submitted earlier in the year. Regulatory approval for the IPO was granted in July.
The share allotment is set to be finalised on November 24, with refunds expected on November 25, followed by the credit of shares to demat accounts on the same day. The company’s stock is scheduled to list on November 26 on both BSE and NSE.
Category-Wise Reservation
- QIBs: up to 50%
- NIIs: at least 15%
- Retail investors: minimum 35%
Company Details: What Excelsoft Technologies Does
Excelsoft Technologies has been operating for more than two decades, building a presence in technology-driven learning and assessment solutions.
Its business model revolves around long-term partnerships with enterprise clients worldwide. The company provides digital learning, assessments, and related technology platforms that support institutions, universities, and corporations.
Client Profile
The company works with several global education and training bodies, including:
- Pearson Education
- AQA Education
- Colleges of Excellence
- Ascend Learning LLC
- Brigham Young University—IDAHO
- Training Qualifications UK
- Surala Net Co Ltd
- Excel Public School
- The Chartered Quality Institute
- Additional enterprise clients across regions
This wide footprint reflects the company’s long-term relationships and the scale of its technology integrations.
Ownership & Management
- Promoter holding: 94.60%
- Public holding: 5.40%
- Lead Manager: Anand Rathi Advisors
- Registrar: MUFG Intime India Pvt Ltd
Summary
The Excelsoft Technologies IPO subscription status reflects strong overall interest, with the issue getting subscribed multiple times by Day 2 and attracting a large number of bids across categories. The pricing range of ₹114–120 per share, combined with the revised structure of fresh issue and offer-for-sale, sets the tone for the company’s next phase as it prepares for listing.
With more than twenty years in the education-technology space and a roster of global clients, Excelsoft Technologies continues to draw the market’s attention as the IPO reaches its conclusion.
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