Excelsoft Technologies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹114 - ₹120
- Lot size
- 125 shares
- Issue amount
- ₹500 cr
- Total subscription
- 45.46×
- Opens
- 19 Nov 2025
- Closes
- 21 Nov 2025
- Allotment
- 24 Nov 2025
- Listing
- 26 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 4,16,66,666 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹180 cr
- Offer for sale
- ₹320 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹13,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 10,00,84,164
- Shares after issue
- 11,50,84,164
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 125 | ₹15,000 |
| sHNI | 14 | 1,750 | ₹2,10,000 |
| bHNI | 67 | 8,375 | ₹10,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 21 Nov 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,16,667 | 16,12,545 |
| HNIs(10L +) | 2,381 | 60,234 |
| HNIs (2-10L) | 1,190 | 86,472 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 100 | 5,005.67 |
| FIIs | 0 | 1,354.53 |
| FIs | 0 | 2,085.8 |
| Mutual Funds | 0 | 3.22 |
| Others | 0 | 1,562.12 |
| RETAIL | 175 | 2,877.25 |
| NIB | 75 | 8,027.99 |
| HNIs 2+ | 25 | 1,881.26 |
| HNIs 10+ | 50 | 6,146.73 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 1.61 | 10.38 | 4.43 | 8.41 |
| ROCE | 2.1 | 16.11 | 7.59 | 11.03 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 34.62 | 0 | 0 |
| POST IPO(PE) | 57.46 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| MPS Ltd | 26.17 | 2295.90 | 10.00 | 279.69 | 31.74 | 87.8 |
| Ksolves India Ltd | 22.47 | 324.40 | 10.00 | 17.51 | 153.95 | 14.47 |
| Silver Touch Technologies Ltd | 41.07 | 718.80 | 10.00 | 105.48 | 18.00 | 17.5 |
| Sasken Technologies Ltd | 42.19 | 1394.00 | 10.00 | 531.24 | 6.36 | 33.3 |
| InfoBeans Technologies Ltd | 32.54 | 504.70 | 10.00 | 136.34 | 12.09 | 15.59 |
| Excelsoft Technologies Limited | 34.62 | 0 | 10.00 | 37.1 | 10.38 | 3.47 |
Company information
Company profile
Founded in 2000, Excelsoft Technologies Limited is a global SaaS company focused on the learning and assessment industry. It offers AI-driven platforms for testing, online proctoring, e-learning, digital eBooks, and student success. The company serves educational publishers, universities, schools, government bodies, defense organizations, and corporates across India, Malaysia, Singapore, the UK, and the USA. With over 200 clients and 30 million learners worldwide, its key partners include Pearson Education, AQA Education, and Brigham Young University. Excelsoft’s main products include SARAS e-Assessments, EasyProctor, OpenPage, EnablED, CollegeSparc, and LearnActiv. As of December 2024, the company employs 1,109 professionals.
Strengths
- Proven Expertise in Learning and Assessment Solutions: Excelsoft possesses strong capabilities in designing, developing, and implementing digital learning, assessment, and information management systems. Its comprehensive product suite spans the full learning lifecycle, reflecting a deep understanding of client requirements.
- Established Global Client Partnerships: The company enjoys long-standing relationships with international clients, contributing to recurring revenues, customer retention, and sustained business growth.
- Flexible and Scalable Technology Platforms: Excelsoft’s agile, customizable solutions enable adaptability across technologies and learning formats, supporting diverse assessment types, workflows, and grading systems with scalability and efficiency.
Risk factors
- Exposure to Rapid Technological Shifts: Operating in a dynamic IT and SaaS landscape, the company faces risks from rapid tech evolution. Failure to innovate or align with emerging trends could weaken competitiveness and affect growth and profitability.
- Vulnerability to Product Defects and Technical Errors: Given the complex and technology-intensive nature of its offerings, any bugs, coding errors, or security vulnerabilities could damage the company’s reputation, disrupt client relationships, delay revenues, or result in legal exposure.
- Legal Risks from Unstamped Agreements: A number of contracts with clients and partners are executed on unstamped or unregistered paper, which may restrict legal enforceability in disputes and expose the company to operational and compliance risks.
Promoters
Pedanta Technologies Private Limited
Dhananjaya Sudhanva
Lajwanti Sudhanva
Shruthi Sudhanva
Registrar & documents
Lead manager
Anand Rathi Advisors Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1-B, Hootagalli Industrial Area, Mysuru, Karnataka, 570018
+91 821 428 2247
[email protected]Company website ↗Understanding EXCELSOFT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.