The Excelsoft Technologies mainboard IPO is set to open with a face value of ₹10 per share, aiming to generate funding through a regulated book-building process. According to the Excelsoft Technologies IPO details, the offer is aimed at raising ₹500 crore which includes fresh issues amounting to ₹180 crore plus a ₹320 crore OFS offered by present shareholders. The IPO will open for public bidding on 19 Nov, 2025, and wrap up on 21 Nov, 2025, with anchor participation scheduled for November 18, 2025. The company will be included on the BSE and NSE platforms.
The issue price range is ₹114 to ₹120 per share, with a lot size of 125 shares, keeping it suitable for retail bidders. As per the issue structure, 50% is designated for QIBs, 15% to NIIs, and 35% to retail applicants.
Excelsoft Technologies IPO Details
Here is a complete snapshot of the Excelsoft Technologies IPO, mapping main details such as Excelsoft Technologies IPO share price and more in one place.
| IPO opening date | November 19, 2025 |
| IPO closing date | November 21, 2025 |
| Face value | ₹10 per equity share |
| Price band | ₹114 to ₹120 each share |
| Issue price | Undisclosed |
| IPO lot size | 125 shares |
| Sale type | Fresh capital-cum-offer for sale |
| Fresh issue | 1,50,00,000 shares (summing up to ₹180.00Cr) |
| Offer for sale | 2,66,66,666 shares for ₹10(summing up to ₹320.00Cr) |
| Issue type | Bookbuilding IPO |
| Listing at | BSE and NSE |
| Total issue size | 4,16,66,666 shares (summing up to ₹500.00Cr) |
| Employee discount | NA |
| Minimum investment | Retail investment ₹15,000 (125 shares) |
| Retail discount | NA |
Excelsoft Technologies IPO Timeline
The following table highlights the full timeline of events for the Excelsoft Technologies IPO details in India.
| IPO open date | 19 November 2025 |
| IPO close date | 21 November 2025 |
| Provisional allotment | 24 November 2025 |
| Refund processing | 25 November 2025 |
| Transfer of shares into demat | 25 November 2025 |
| IPO listing | 26 November 2025 |
| Discontinuation date for UPI request validation | 21 November, 2025 (5 PM) |
Excelsoft Technologies Grey Market Premium (GMP Today)
As of November 16, 2025, the Excelsoft Technologies IPO gmp today is ₹16. With the issue’s cap price set at ₹120, the listing price is estimated at ₹136 after factoring in today’s GMP. The expected gain/loss per share stands at 13.33%.
| Date | GMP (₹) | Estimated listing price (at ₹) | Estimated listing gain | Trend |
| 18-Nov-2025 | 16 | 136 | 13.33% | 🔽 Gain |
| 17-Nov-2025 | 16 | 136 | 13.33% | 🔽 Dip |
| 16-Nov-2025 | 20 | 140 | 16.67% | 🔼 Peak |
Note: Grey market premium values are speculative and can change without warning. They should be used cautiously and always assessed alongside verified financial data.
Excelsoft Technologies IPO Reservation
Shown here is the category-wise reservation breakup for the Excelsoft Technologies IPO.
| Investor category | Shares offered |
| Qualified institutional buyers (QIB) | Not under 50% of the total issue value is allotted to NII (HNI) shares. |
| NII (HNI) shares offered | A ceiling of 15% of the net issue is allotted for retail shares. |
| Retail shares offered (RII) | A max cap of 35% of the net issue |
Excelsoft Technologies IPO Core Performance Indicators
Listed here are the base performance indicators such as price to book value, etc. that display Excelsoft Technologies’ financial position.
| Indicator | FY23 | FY24 | FY25 |
| EPS (Basic) (₹) | 2.24 | 1.27 | 3.47 |
| RoNW (%) | 8.41 | 4.43 | 10.38 |
| NAV per share (₹) | 27.80 | 29.71 | 37.10 |
| Debt to equity ratio | 0.42 | 0.26 | 0.07 |
| PAT Margin (%) | 11.49 | 6.43 | 14.87 |
| EBITDA (in ₹ lakhs) | 6,817.9 | 5,497.3 | 7,325.7 |
| RoCE (%) | 11.03 | 7.59 | 16.11 |
Excelsoft Technologies IPO Financials
The upcoming table looks at the company’s financial results as it approaches the IPO.
| Particulars (₹ in lakhs) | FY23 | FY24 | FY25 |
| Revenue from Operations | 16,510.4 | 19,829.7 | 23,329.1 |
| Total Assets | 43,612.6 | 42,103.3 | 47,048.8 |
| Profit After Tax | 2,241.4 | 1,275.3 | 3,469.1 |
Excelsoft Technologies IPO Lot Size
Provided in the table herein is the application lot details and corresponding investment amounts for the Excelsoft Technologies IPO.
| Application | Lots | Shares | Amount (in ₹) |
| Retail (Min) | 1 | 125 | 15,000 |
| Retail (Max) | 13 | 1,625 | 1,95,000 |
| S-HNI (Min) | 14 | 1,750 | 2,10,000 |
| S-HNI (Max) | 66 | 8,250 | 9,90,000 |
| B-HNI (Min) | 67 | 8,375 | 10,05,000 |
Excelsoft Technologies IPO Promoter Holding
Listed here is the updated promoter shareholding pattern surrounding the IPO.
| Percentage | |
| Promoter Holding Pre-Issue | 94.60% |
| Promoter Holding Post-Issue | 59.09% |
Excelsoft Technologies IPO Anchor Investors Details
Given in this section is the structured view of the Excelsoft Technologies IPO anchor bidding information.
| Bid Date | November 18, 2025 |
| Shares Offered | Up to 60% of the QIB Portion |
| Anchor Portion Size | Yet to be announced |
Excelsoft Technologies IPO Prospectus
The statutory filings and offer documents for the Excelsoft Technologies IPO are available below.
About Excelsoft Technologies
Excelsoft Technologies, founded in 2006 by Mr. Deepak Sharma, is headquartered in Delhi, India. The company delivers innovative technology solutions focused on cloud management, IT consulting, web design, and digital services. Excelsoft Technologies has over 2,500 customers and a team of 25 experts, including 15+ Google-certified professionals specialising in G Suite and cloud solutions. The company emphasises seamless collaboration and customer success through quality, affordable technology services tailored to diverse business needs. Excelsoft Technologies operates as a privately held company dedicated to empowering businesses with innovative digital transformations and reliable IT support.
| Book running lead managers | Anand Rathi Advisors Limited |
| Registrar to the offer | MUFG Intime India Private Limited |
Objectives of the Excelsoft Technologies IPO
The planned deployment of funds raised through the Excelsoft Technologies IPO is outlined below.
| Objects of the issue | Allocation (₹ in Crores) |
| Allocating capital for land purchase and development of a new structure at the Mysore property. | 71.97 |
| Covering expenses for improvements such as external electrical components at the Mysore plant. | 39.51 |
| Supporting advancement of the firm’s IT systems spanning software, hardware, and communications. | 54.64 |
| General Corporate Purposes | To be determined |
Strength Of Excelsoft Technologies IPO
These key strengths showcase the foundational elements of Excelsoft Technologies’ business model:
- Specialised vertical SaaS leader: A worldwide SaaS firm possessing 20 years in the learning & assessment space.
- Comprehensive product suite: Offers proprietary cloud-based platforms such as SARAS (eAssessment & LMS), EasyProctor (AI-based proctoring), OpenPage (interactive digital books), and CollegeSPARC (student success platform).
- Strong & stable global client base: Long-standing relationships with major enterprise clients like Pearson Education Group, AQA Education, and Brigham Young University – Idaho. The top 10 clients had an average association of 10.8 years in FY25.
- Expertise in AI and product engineering: Leverages AI, machine learning, and big data analytics, including in-house development of Large Language Models (LLMs).
- Experienced leadership: Led by Chairman and Managing Director Dhananjaya Sudhanva, who has over 32 years of experience in the IT sector.
Risk of Excelsoft Technologies IPO
The following risks summarise the vulnerabilities the company may encounter:
- Significant customer concentration: Pearson Education Group contributed 58.79% of total revenue in FY25; the top 10 clients contributed 76.58%.
- High contingent liabilities: The company has issued a corporate guarantee of ₹3,000 million for NCDs of its Corporate Promoter, representing 79.80% of its Net Worth as of June 30, 2025.
- Geographic dependence: A large portion of revenue comes from the USA, contributing 60.45% of revenue from operations in FY25.
- Profitability dip & negative cash flow: PAT dropped 43.10% in FY24 compared to FY23, with instances of negative operating, investing, and financing cash flows in past years.
- Unidentified use of proceeds: A part of the Net Proceeds is intended for purchasing land and constructing a new building, but definitive agreements for the land are yet to be finalised.
- Dependence on key personnel: Operations rely heavily on its Promoters, senior leadership, and ability to attract skilled IT professionals.
- Continuous innovation requirement: Operating within a fast-evolving vertical SaaS and EdTech space requires consistent innovation and adaptation.
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Excelsoft Technologies IPO FAQs
The Excelsoft Technologies IPO is a mainboard book-built public issue aiming to raise ₹500 crore through a fresh issue of ₹180 crore and an offer for sale of ₹320 crore. The IPO is priced between ₹114 and ₹120 per share.
To apply via Zerodha, log in to your Zerodha console when the IPO opens, select “Excel Technologies IPO” from the IPO section, enter bid lots and price within the band, and authorise payment through UPI or net banking before the Nov 21, 2025 deadline.
The IPO subscription opens on November 19, 2025, and closes on November 21, 2025. Investors can place bids during this period through authorised brokers or trading platforms.
The lot size is fixed at 125 shares. The minimum investment for retail investors is ₹15,000, corresponding to one lot.
Open a demat and trading account, research the IPO prospectus, fund your linked bank account, place a bid for at least one lot during the subscription window (Nov 19–21, 2025), and submit payment authorisation via your broker’s IPO application tools.
The provisional allotment is expected to be finalised on November 24, 2025. Successful applicants will be notified, and refunds will be processed on November 25.
The shares are expected to be listed on the BSE and NSE on November 26, 2025, after the shares are credited to investors’ demat accounts and the requisite regulatory approvals are completed.
