The buzz around the Excelsoft Technologies IPO picked up pace again today as the company officially finalised its allotment. For thousands of investors who tracked every subscription update with near-daily obsession, this marks the final stretch before the big moment—the listing on November 26.
Market Mood: High Activity Around Excelsoft Technologies IPO
The IPO opened between November 19 and November 21, and right from day one, it became obvious that Excelsoft Technologies had captured strong investor interest.
Subscription numbers surged across every category, and investors checked the allotment status almost on a loop.
Now that the allotment is complete, the Street is quietly setting up for the November 26 listing on both BSE and NSE.
Excelsoft Technologies IPO Allotment Finalised
The allotment was finalised on November 24, and the company has confirmed that the process is now complete.
This triggers two important actions for investors today:
- Shares will be credited to allottees’ demat accounts on November 25
Refunds will be issued to applicants who were not allotted shares.
For anyone wanting to check their allotment status online, the process is quick and available across BSE, NSE, and the registrar MUFG Intime.
How to Check Excelsoft Technologies IPO Allotment Status Online
MUFG Intime
Visit the registrar portal, select Excelsoft Technologies Limited, choose PAN, DP ID, or Application Number, enter your details, and search.
NSE
Visit the NSE IPO allotment page, select Equity and SME IPO bids, pick Excelsoft Technologies Limited, enter PAN and Application Number, and submit.
BSE
Go to the BSE allotment portal, select Equity, choose Excelsoft Technologies Limited, enter PAN or Application Number, verify, and search.
All these portals offer real-time status updates—making the entire process straightforward for investors.
Excelsoft Technologies IPO Details at a Glance
The company, known for its SaaS-based learning and assessment platforms, launched its IPO with a clear structure and timeline.
Here are the exact details:
IPO Structure
- Total fundraise: ₹500 crore.
- Price band: ₹114–₹120 per share
- Fresh issue: 1.50 crore shares (₹180 crore)
- Offer for sale: 2.67 crore shares (₹320 crore)
Investor Reservation
- QIBs: Not more than 50%
- NIIs: Not less than 15%
- Retail: Not less than 35%
Key Dates
- Issue open: November 19–21
- Allotment finalised: November 24
- Shares to demat: November 25
- Listing date: November 26
Subscription Highlights
One of the strongest signals of investor enthusiasm came from the subscription numbers.
Subscription Breakdown (Set 1)
- Total subscription: 43.19 times
- Retail: 15.62 times
- NII: 101.69 times
- QIB: 47.55 times
Subscription Breakdown (Set 2)
- Total subscription: 45.46 times
- NII: 107 times
- Retail: 16.44 times
- QIB: 50 times
What’s Inside the Company: Key Operational Insights
Beyond the IPO buzz, Excelsoft’s fundamentals provide a clearer picture of where the company stands and how it plans to scale.
Revenue Dependence
A major share of the company’s revenue is derived from a single key client—Pearson Education Group.
- Q1 FY26: 59.24%
- FY25: 58.79%
- FY24: 46.51%
- FY23: 41.89%
This shows increasing client concentration over the years.
Global Client Base
- Average tenure of top 10 clients: 10.5 years (as of June 30, 2025)
- In FY23, this was 8 years.
- Clients with 10+ year relationships: 24
- Total clients served: 76
- Countries served: 19
Growth Strategies
The company has highlighted several long-term strategies:
- Increasing revenue from existing clients
- Acquiring new customers
- Strengthening brand positioning
- Innovating and improving existing products
- Expanding sales and marketing teams globally
- Considering strategic acquisitions in EdTech
- Developing AI-based products
- Investing in new-age technology
AI Initiatives
Excelsoft is deeply integrating AI across its solutions.
Its AI applications include:
- Remote proctoring with face, voice, and object detection
- Predictive analytics to identify at-risk students
- Strengthening test security
- Improving engagement and learning outcomes
These initiatives form a central pillar of its long-term growth plan.
Listing Expectations Based on Timeline
As per the official timeline, Excelsoft Technologies will list on November 26 on both BSE and NSE.
All shares are scheduled to reflect in demat accounts on November 25.
Summary
With the allotment confirmed, the Excelsoft Technologies IPO has officially entered its final phase. Investors can now check their allotment status through BSE, NSE, or MUFG Intime and prepare for the listing on November 26.
Strong subscription numbers, deep global client relationships, and detailed operational insights have made this IPO one of the most closely watched issues this month.
The final milestone now awaits: the Excelsoft Technologies IPO debut on the Indian stock exchanges.
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