Excelsoft Technologies IPO Opens Today: Key Details on Price Band, Lot Size & Listing Date
Global ed-tech SaaS firm eyes ₹500 crore through IPO; price band set at ₹114–₹120 with estimated 13% listing gains.
Mumbai, Nov 19: Excelsoft Technologies, a global vertical SaaS company specialising in learning and assessment solutions, will launch its initial public offering (IPO) on November 19, 2025, with the issue closing on November 21. The Karnataka based firm is expected to list on the BSE and NSE on November 26.
Ahead of the public offering, the company raised ₹150 crore from 10 anchor investors on November 18. The anchor portion includes 1.25 lakh shares allotted at the upper price band of ₹120, with Bandhan Mutual Fund alone receiving 8.33 lakh shares across two schemes, accounting for 6.67% of the anchor book.
The IPO aims to raise ₹500 crore, comprising a fresh issue of ₹180 crore and an offer for sale (OFS) worth ₹320 crore from existing shareholders. Proceeds from the fresh issue will support the company’s expansion and growth initiatives, while the OFS will facilitate a partial exit for current investors.
Retail investors can apply for a minimum of 125 shares.
Anand Rathi Advisors Ltd. is acting as the book-running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.
In the grey market, the stock is trading at a premium of ₹16 as of November 18. Based on the upper price band of ₹120, the estimated listing price is around ₹136, indicating an expected gain of approximately 13.33%.
Founded in 2000, Excelsoft Technologies is recognised for its technology-driven products and platforms serving the global education and assessment ecosystem.
