Excelsoft Technologies IPO: Price band set at ₹114-120 per share; check key dates, issue details, more

Excelsoft Technologies IPO price band has been fixed in the range of ₹114 to ₹120 per equity share of the face value of ₹10. The Excelsoft Technologies IPO date of subscription is scheduled for Wednesday, November 19, and will close on Friday, November 21. The allocation to anchor investors for the Excelsoft Technologies IPO is scheduled to take place on Tuesday, November 18.

The floor price and the cap price are 11.40 times and 12 times the face value of the equity shares . The Excelsoft Technologies IPO lot size is 125 equity shares and in multiples of 125 equity shares thereafter.

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.

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 details

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.

Promoters hold a 94.60% ownership stake in the company, with the remaining 5.4% of shares owned by the public.

Anand Rathi Advisors is the exclusive book running lead manager overseeing the Excelsoft Technologies IPO, and MUFG Intime India Pvt Ltd is the registrar of the issue.

Company details

Founded in the year 2000, Excelsoft Technologies specializes in providing technology-driven solutions across various segments of learning and assessment through long-term agreements with enterprise clients globally. The company plans to allocate ₹61.7 crore from new issue proceeds for the acquisition of land and the construction of a new facility at its Mysore site, along with ₹39.5 crore for upgrading the existing facility's external electrical systems in Mysore.

Additionally, ₹54.6 crore will be spent on improving the company’s IT infrastructure, which includes software, hardware, and communication & network services, while the remaining funds will be directed toward general corporate purposes.

Excelsoft, which faces competition from publicly listed companies like MPS, Ksolves India, Silver Touch Technologies, Sasken Technologies, and InfoBeans Technologies, reported a profit of ₹6 crore on revenues of ₹55.7 crore for the quarter ending in June 2025.

For the fiscal year 2025, the company’s profit surged by 172% to reach ₹34.7 crore, an increase from ₹12.8 crore in the previous fiscal year. During the same timeframe, revenue rose by 17.6% to ₹233.3 crore, up from ₹198.3 crore.

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