Excelsoft IPO: Check IPO Date, Live Subscription and Key Details
Excelsoft Technologies Limited is a global vertical SaaS company specializing in secure, cloud-based technology solutions for the learning and assessment market. The company offers two main platforms: **Assessment Solutions** (Saras eAssessment and easyProctor for high-stakes exams) and **Learning Solutions** (SARAS LMS, EnablED, and OpenPage for interactive content). It serves certification bodies, universities, publishers, and corporates globally, including major clients like Pearson Professional Assessments and AQA Education. The company operates with an asset-light, scalable, and innovation-driven model, backed by ISO 27001 and ISO 9001 certifications.
Price Range
₹114.0 - ₹120.0
Issue Size
₹500 Cr
Lot Size
125 shares
IPO Type
Mainboard
GMP
₹7(+5.83%)
Est. Listing Price
₹127
Estimate Profit
₹875
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
2.09
P/E Ratio
57.46
RoNW
10.38%
ROE
10.38%
Debt to Equity
0.05
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Timeline
IPO Opens
19 Nov
IPO Closes
21 Nov
Allotment
24 Nov
Listing
26 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 19 November 2025 | Subscription starts |
| IPO Close Date | 21 November 2025 | Subscription ends |
| Allotment Date | 24 November 2025 | Allotment |
| Listing Date | 26 November 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹15,000 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,95,000 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,10,000 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 67 | ₹10,05,000 |
IPO Objectives
- Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property (₹71.97 Cr).
- Funding expenditure for upgradation including external electrical systems of our Existing Facility at Mysore, India (₹39.51 Cr).
- Funding upgradation of our Company’s IT Infrastructure (Software, Hardware and Communications & Network Services) (₹54.64 Cr).
- General Corporate Purposes.
Strengths
- The company possesses expertise in product engineering, development, and implementation across assessment (eAssessment, easyProctor) and digital learning systems.
- It has long-term relationships with large, global customers like Pearson, ensuring a stream of recurring revenue.
- The business excels at delivering fully compliant digital learning and assessment solutions globally, adhering to ISO 27001 and ISO 9001 standards.
- It operates an asset-light, scalable, and innovation-driven business model with strong profitability margins (13.94% PAT margin in FY25).
- The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.07, indicating financial stability.
Weaknesses
- There is high customer concentration, as the Pearson Education Group accounts for nearly 59% of FY2025 revenue, creating high vulnerability to the loss of this single client.
- The company has a high reliance on external funding, with the IPO being crucial for capital expenditure on land/building (₹71.97 Cr) and IT infrastructure.
- The Offer for Sale (OFS) component of ₹320 Cr means a majority of the IPO proceeds will not be invested directly into the company's growth.
- The business faces intense competition in the global learning and assessment market from well-established technology giants.
- Although revenue growth of 24% in FY25 is strong, the company's profit figures have shown some volatility over the last three fiscal years.
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Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 478.34 | 470.49 | 421.03 | 436.13 |
| Revenue (₹ Cr.) | 60.28 | 248.8 | 200.7 | 197.97 |
| PAT (₹ Cr.) | 6.01 | 34.69 | 12.75 | 22.41 |
| Net Worth (₹ Cr.) | 375.95 | 371.29 | 297.3 | 278.08 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Excelsoft Technologies Limited | 3.23 | 57.46 | 10.38% | 375.95 |
| Mps Limited | 7.51 | 20.62 | 36.41% | 478 |
| Ksolves India | 22.18 | 23.76 | 93.35% | 20.75 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.01x | 0.09x | 50.06x |
| NII | 2.6x | 19.23x | 107.04x |
| S-HNI | 3.76x | 19.21x | 75.25x |
| B-HNI | 2.02x | 19.25x | 122.93x |
| RII | 2.01x | 6.34x | 16.44x |
| Total | 1.56x | 7.32x | 45.46x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 83,33,334 | 41,71,39,125 | 5,005.67 |
| NII | 62,50,000 | 66,89,98,875 | 8,027.99 |
| Small NII | 20,83,333 | 15,67,71,625 | 1,881.26 |
| Big NII | 41,66,667 | 51,22,27,250 | 6,146.73 |
| RII | 1,45,83,333 | 23,97,69,625 | 2,877.24 |
| Total | 2,91,66,667 | 1,32,59,07,625 | 15,910.89 |
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Company Details
- Excelsoft Technologies Ltd.
- 1-B, Hootagalli Industrial Area, Mysuru, Karnataka-570018
- +91 821 428 2247
- ipo@excelsoftcorp.com
- http://www.excelsoftcorp.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- excelsofttechnologies.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
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