Excelsoft Technologies IPO
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Excelsoft Technologies IPO details
Schedule of Excelsoft Technologies
| Issue open date | 19 Nov 2025 |
| Issue close date | 21 Nov 2025 |
| UPI mandate deadline | 21 Nov 2025 (5 PM) |
| Allotment finalization | 24 Nov 2025 |
| Refund initiation | 25 Nov 2025 |
| Share credit | 25 Nov 2025 |
| Listing date | 26 Nov 2025 |
| Mandate end date | 06 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 24 Dec 2025 |
| Lock-in end date for anchor investors (remaining) | 22 Feb 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Excelsoft Technologies
Founded in 2000 by Dhananjaya Sudhanva, Excelsoft Infotech is an India-based vertical SaaS company specialising in e-learning, assessment, and education technology solutions for educational institutions, governments, and certification bodies globally. Headquartered in Mysore, Karnataka, the company develops proprietary learning and assessment platforms and delivers digital content services across a range of geographies, including the U.S., U.K., and Singapore. Excelsoft operates through a mix of product licences, SaaS offerings, and managed services, with development and administrative operations supported by its Indian and international subsidiaries.
Financials of Excelsoft Technologies
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 500 |
| Fresh Issue – Proceeds go to the company | 180 |
| Offer for sale – Proceeds go to the existing investors | 320 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property | 71.97 (39.98%) |
| Funding expenditure for upgradation including external electrical systems of our Existing Facility at Mysore, India | 39.51 (21.95%) |
| Funding upgradation of our Company’s IT Infrastructure (Software, Hardware and Communications & Network Services) | 54.63 (30.35%) |
| General corporate purposes | 13.89 (7.72%) |
Strengths
- Expertise in assessments, digital learning, and information systems.
- Strong global customer relationships built over the long term.
- Delivers compliant digital learning and assessment solutions globally.
- Flexible technology approach powered by agile methodologies
- Experienced leadership ensures high standards and governance
Risks
- Heavy reliance on Pearson for the majority of revenues.
- Global operations expose business to complex regulatory compliance risks.
- SaaS transition delays revenue recognition, impacting short-term cash flow.
- No long-term contracts reduce client retention predictability.
- Cybersecurity threats pose risks to sensitive education data systems.
Allotment Status for Excelsoft Technologies
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Excelsoft Technologies
As per media reports (Link), the Grey Market Premium (GMP) of Excelsoft Technologies is reported at ₹16 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on November 21, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 83.33 | 4171.39 | 47.55x |
| NII | 62.50 | 6689.99 | 101.69x |
| Retail | 145.83 | 2397.63 | 15.62x |
| Total | 291.67 | 13259.01 | 43.19x |