Excelsoft IPO Subscription
ListedUpdated 26 November 2025, 9:15 AM IST· Mainboard
Excelsoft IPO subscription closed on 21 November 2025 at 45.46x overall by shares. QIB demand came in at 50.06x, NII at 107.04x, and retail at 16.44x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 24 November 2025. Listing date on NSE and BSE is 26 November 2025.
Excelsoft IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 19 Nov 2025 | 0.01x | 2.60x | 2.01x | 1.56x |
| Day 2 - 20 Nov 2025 | 0.09x | 19.23x | 6.34x | 7.32x |
| Day 3 - 21 Nov 2025 | 50.06x | 107.04x | 16.44x | 45.46x |
Excelsoft IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Excelsoft IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 13.85x | 1 in 14 |
| SHNI (Rs 2L to Rs 10L) | 72.67x | 1 in 73 |
| BHNI (above Rs 10L) | 25.30x | 1 in 25 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Excelsoft IPO Allotment Status page from 24 November 2025 for your result.
Excelsoft IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 120.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 100.00 Cr | Rs 5,005.67 Cr | 50.06x |
| FII | - | Rs 1,354.53 Cr | - |
| DFI | - | Rs 2,085.80 Cr | - |
| Mutual Funds | - | Rs 3.22 Cr | - |
| Other | - | Rs 1,562.12 Cr | - |
| NII | Rs 75.00 Cr | Rs 8,027.99 Cr | 107.04x |
| bNII (above Rs 10L) | Rs 50.00 Cr | Rs 6,146.73 Cr | 122.93x |
| Corporate | - | Rs 54.84 Cr | - |
| Individual | - | Rs 5,801.78 Cr | - |
| Other | - | Rs 290.11 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 25.00 Cr | Rs 1,881.26 Cr | 75.25x |
| Corporate | - | Rs 4.97 Cr | - |
| Individual | - | Rs 1,783.98 Cr | - |
| Other | - | Rs 92.31 Cr | - |
| Retail | Rs 175.00 Cr | Rs 2,877.25 Cr | 16.44x |
| Cut-off price | - | Rs 2,371.86 Cr | - |
| Fixed price | - | Rs 505.39 Cr | - |
| Total | Rs 350.00 Cr | Rs 15,910.90 Cr | 45.46x |
Excelsoft IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 83,33,334 | 570 | 0.00x |
| FII | - | 41 | - |
| DFI | - | 24 | - |
| Mutual Funds | - | 44 | - |
| Other | - | 461 | - |
| NII | 3,571 | 1,46,710 | 41.08x |
| bNII (above Rs 10L) | 2,381 | 60,235 | 25.30x |
| Corporate | - | 534 | - |
| Individual | - | 56,849 | - |
| Other | - | 2,852 | - |
| sNII (Rs 2L to Rs 10L) | 1,190 | 86,475 | 72.67x |
| Corporate | - | 216 | - |
| Individual | - | 81,935 | - |
| Other | - | 4,324 | - |
| Retail | 1,16,667 | 16,15,546 | 13.85x |
| Cut-off price | - | 13,18,367 | - |
| Fixed price | - | 2,97,179 | - |
| Total | 84,53,572 | 17,62,826 | 0.21x |
What Do These Subscription Numbers Mean?
45.46x overall by shares means bids covered about 45 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 50.06x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (41.08x by applications). Split: SHNI 72.67x, BHNI 25.30x by applications. SHNI and BHNI allotment is by lottery.
At 13.85x subscription by applications, about 1 in 14 retail applicants may get allotment (~7% chance per application). Retail allotment is also by lottery.
Excelsoft IPO GMP After Subscription
GMP for Excelsoft IPO stands at Rs 7.00 today, giving an estimated listing price of Rs 127.00 per share.
A subscription of 45.46x combined with a GMP of 5.83% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Excelsoft IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Excelsoft IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 19 November 2025 |
| IPO Close Date | 21 November 2025 |
| Allotment Date | 24 November 2025 |
| Refund Initiation | 25 November 2025 |
| Share Credit to Demat | 25 November 2025 |
| Listing Date | 26 November 2025 |
| Minimum Investment | Rs 15,000.00 |
| Lot Size | 125 shares |
About Excelsoft IPO
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Excelsoft IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Excelsoft IPO Details
Issue size, price, financials, and company info
Excelsoft IPO GMP
Live grey market premium and listing estimate
Excelsoft IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Excelsoft IPO Allotment
Allotment date, chances, and check by PAN
Excelsoft IPO Review
SWOT, strengths, risks, and IPO review
Excelsoft IPO FAQ
Common questions on dates, GMP, and allotment
Excelsoft IPO Registrar
Registrar website and how to check allotment
Excelsoft IPO Timeline
Open, close, allotment, and listing dates
Excelsoft IPO News
Updates, blogs, and latest IPO news
Excelsoft IPO Subscription FAQs
What is Excelsoft IPO subscription status today?
Excelsoft IPO subscription closed on 21 November 2025 with overall subscription of 45.46x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 50.06x, NII 41.08x, Retail 13.85x.
What is the overall subscription of Excelsoft IPO?
Excelsoft IPO is subscribed 45.46x overall by shares at close on 21 November 2025. QIB 50.06x, NII 41.08x, and Retail 13.85x.
What is Excelsoft IPO QIB subscription?
Excelsoft IPO QIB (Qualified Institutional Buyers) subscription is 50.06x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Excelsoft IPO Retail subscription?
Excelsoft IPO Retail subscription is 13.85x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Excelsoft IPO NII, SHNI, and BHNI subscription?
Excelsoft IPO NII subscription is 41.08x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 72.67x and BHNI (above Rs 10L) at 25.30x.
What are Excelsoft IPO retail allotment chances?
At 13.85x subscription by applications, about 1 in 14 retail applicants may get allotment (~7% chance per application). Allotment is by lottery. Share subscription was 16.44x. Allotment chances use applications, not share volume.
What are Excelsoft IPO SHNI allotment chances?
At 72.67x subscription by applications, about 1 in 73 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 75.25x. Allotment chances use applications, not share volume.
What are Excelsoft IPO BHNI allotment chances?
At 25.30x subscription by applications, about 1 in 25 BHNI applicants may get allotment (~4% chance per application). Allotment is by lottery. Share subscription was 122.93x. Allotment chances use applications, not share volume.
When is Excelsoft IPO allotment date?
Excelsoft IPO allotment date is 24 November 2025. Check Excelsoft IPO Allotment Status on IPOwiz from that day using your PAN.
When does Excelsoft IPO subscription close?
Excelsoft IPO subscription closed on 21 November 2025. No new applications are accepted after the close.
What is Excelsoft IPO GMP today?
Excelsoft IPO GMP is ₹7 today (+5.83% over issue price ₹120). See live GMP on the Excelsoft IPO GMP Today page.
What is Excelsoft IPO issue price and lot size?
Excelsoft IPO issue price is ₹120 per share. Lot size is 125 shares. Minimum investment is ₹15,000 per lot. Issue size: ₹500.00 Cr.
When is Excelsoft IPO listing date?
Excelsoft IPO listing date is 26 November 2025 on NSE and BSE. Allotment is on 24 November 2025.
How does subscription affect Excelsoft IPO allotment?
In Excelsoft IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 45.46x overall, competition is high.
For allotment results from 24 November 2025, visit the Excelsoft IPO Allotment Status page. For listing day updates on 26 November 2025, download the IPOwiz App.
Sources
We match Excelsoft IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.