Excelsoft Technologies IPO Day 1 LIVE: Issue booked 1.45x so far. GMP hints over 12% listing pop. Should you subscribe?

Excelsoft Technologies IPO Day 1 LIVE: According to Lakshmishree Investment, despite facing risks like reliance on key global clients and competitive pressures in the rapidly evolving EdTech landscape, Excelsoft Technologies Ltd.’s deep domain expertise, strong technological foundation including AI integration, and exposure to the fast-growing global SaaS and EdTech sectors provide a strong case for long-term value creation.

“We recommend a ‘SUBSCRIBE’ rating for investors seeking exposure to a specialized company in the digital learning ecosystem,” said the brokerage.

1. SaaS industry is exposed to rapid technological changes, changing client preferences, new service introductions, etc.
2. Subject to evolving laws regarding privacy, data protection, cyber security and other related matters with adherence to numerous compliances.

Excelsoft Technologies IPO Day 1 LIVE: According to Kunvarji Wealth Solutions, the brokerage has recommended subscribe to this IPO with medium term view. The company is a SaaS solutions and services provider with a global presence. While it has sustained healthy growth in its topline, its bottom line has remained volatile. The business operates within a highly competitive and fragmented marketsegment.

Excelsoft Technologies IPO Day 1 LIVE: The company has an asset-light, scalable business model that enables operational efficiency and profitability. It continuously innovates and has successfully developed AI-based products and services, including learning models.

Excelsoft Technologies IPO Day 1 LIVE: The company was initially incorporated as a private limited company on June 12, 2000. Pedanta Technologies Pvt Ltd., Dhananjaya Sudhanva, Lajwanti Sudhanva, and Shruthi Sudhanva are the Promoters of the company. Currently, the promoters hold an aggregate of 9,42,09,803 Equity Shares comprising 94.14% of the Company’s Pre-Offer issued, subscribed, and paidup Equity Share capital.

Excelsoft Technologies IPO Day 1 LIVE: As of August 31, 2025, Excelsoft caters to 76 clients spread across 19 countries. While serving clients across the globe, their products & solutions must be compliant with the relevant technology, security, and quality standards, both global & regional.

Excelsoft Technologies IPO Day 1 LIVE:

1. Expertise in product engineering, development, and implementation across assessments, digital learning & information management systems with robust product capabilities.
2. Long-term relationships with global customers.
3. Expertise in delivering fully compliant digital learning and assessment solutions to clients globally.
4. Flexibility to work with diversified technologies to provide the right-fit solution, driven by agile methodologies.
5. Robust Operating Parameters.
6. Experienced Management Team and Promoters with expertise in developing products, backed by a professional management team and an experienced board, driving high corporate governance standards.

Excelsoft Technologies IPO Day 1 LIVE: The company has products and services bifurcated into four business verticals, namely (a) Assessment & Proctoring Solutions, (b) Learning & Students Success Systems, (c) Educational Technology Services, and (d) Learning, Design & Content Services.

Their products are divided into two segments: Assessment & Proctoring Solutions and Learning & Student Success Systems.

Excelsoft Technologies IPO Day 1 LIVE: The company plans to generate ₹180 crore by issuing new shares, while promoter Pedanta Technologies intends to sell shares valued at up to ₹320 crore through an offer-for-sale.

The total size of the offer has been revised down from the previously planned ₹700 crore as per the draft documents submitted to SEBI in February of this year. The capital markets regulator granted approval for the IPO documents in July. The initial offer included a fresh issue of shares worth ₹210 crore, alongside an offer-for-sale of shares totaling ₹490 crore.

Excelsoft Technologies IPO Day 1 LIVE:

1. Capex for Mysore property – Land purchase and construction of a new building.
2. External electrical system upgrades at the existing Mysore unit.
3. Software, hardware, communication & network improvements.
4. General corporate purposes.

Excelsoft Technologies IPO Day 1 LIVE:

1. Expertise in assessments, digital learning, and information systems.
2. Strong global customer relationships built over the long term.
3. Delivers compliant digital learning and assessment solutions globally.
4. Flexible technology approach powered by agile methodologies.
5. Experienced leadership ensures high standards and governance.

Excelsoft Technologies IPO Day 1 LIVE:

1. To increase revenue from the existing customers and acquire new customers.
2. To position brand in the right manner.
3. To innovate and improve the portfolio of existing products and to create new products as per the need of the market.
4. Augment sales & marketing efforts by having a team across different geographies.
5. Look for synergistic acquisition opportunities to expand faster in the education technology market.

Excelsoft Technologies IPO Day 1 LIVE: Swastika Investmart said that the issue appears aggressively priced (P/E ~ 35), leading to a neutral rating with an expectation of only a minor listing gain.

Excelsoft Technologies IPO Day 1 LIVE: Excelsoft Technologies announced on Tuesday that it has raised ₹150 crore from anchor investors in preparation for its initial public offering (IPO). Among the anchor investors who received share allocations were Bengal Finance & Investment, 360 One Equity Opportunity Fund, GKFF Ventures, Societe Generale, Rajasthan Global Securities, BNP Paribas Financial Markets, and Bandhan Mutual Fund, as stated in a circular published on BSE's website.

According to the circular, the Karnataka-based firm has issued 1.25 crore equity shares to these investors at a price of ₹120 each.

Excelsoft Technologies IPO Day 1 LIVE: Tentatively, Excelsoft Technologies IPO basis of allotment of shares will be finalised on Monday, November 24 and the company will initiate refunds on Tuesday, November 25 while the shares will be credited to the demat account of allottees on the same day following refund. Excelsoft Technologies share price is likely to be listed on BSE and NSE on Wednesday, November 26.

Excelsoft Technologies IPO Day 1 LIVE: Excelsoft Technologies IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Excelsoft Technologies IPO Day 1 LIVE: Excelsoft Technologies IPO GMP today is ₹15. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Excelsoft Technologies share price was indicated at ₹135 apiece, which is 12.50% higher than the IPO price of ₹120.

According to grey market activities over the past eight sessions, today's IPO GMP is showing an upward trend and is anticipated to have a robust listing. The minimum GMP recorded is ₹0.00, while the maximum GMP reaches ₹30, as per experts.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.