Excelsoft IPO Subscription Status
Excelsoft IPO closed on 21 November 2025 with an overall subscription of 45.46x based on shares applied. QIB demand came in at 50.06x, NII at 107.04x, and retail at 16.44x.
Allotment will be finalised on 24 November 2025. The stock is scheduled to list on NSE and BSE on 26 November 2025.
Issue Price
Rs 120.00
GMP Today
Rs 7.00 (+5.83%)
Overall Subscription
45.46x
Issue Size
₹500.00 Cr
Allotment Date
24 Nov 2025
Listing Date
26 Nov 2025
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?
A subscription of 45.46x by shares means the IPO received bids for 45 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 50.06x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 50.06x, it reflects serious institutional conviction.
NII at 41.08x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 25.30x and sNII at 72.67x by applications. Share subscription was 107.04x. Allotment uses application count, not share volume.
At 13.85x subscription by applications, approximately 1 in 14 retail applicants can expect an allotment (~7% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 16.44x. Allotment uses application count, not share volume.
Excelsoft IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 13.85x.
- •Allotment odds: about 1 in 14 (~7% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 16.44x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 72.67x.
- •Allotment odds: about 1 in 73 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 75.25x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 25.30x.
- •Allotment odds: about 1 in 25 for a minimum-lot application (~4% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 122.93x. Allotment uses application count, not share volume.
Check the Excelsoft IPO Allotment Status page from 24 November 2025 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Excelsoft IPO Subscription FAQs
What is Excelsoft IPO IPO subscription status today?
Excelsoft IPO IPO subscription closed on 21 November 2025 with overall subscription of 45.46x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 50.06x, NII 41.08x, Retail 13.85x.
What is the overall subscription of Excelsoft IPO IPO?
Excelsoft IPO 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 IPO QIB subscription?
Excelsoft IPO IPO QIB (Qualified Institutional Buyers) subscription is 50.06x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Excelsoft IPO IPO Retail subscription?
Excelsoft IPO IPO Retail subscription is 13.85x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Excelsoft IPO IPO NII subscription?
Excelsoft IPO IPO NII (Non-Institutional Investors) subscription is 41.08x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Excelsoft IPO IPO for retail?
At 13.85x subscription by applications, approximately 1 in 14 retail applicants can expect an allotment (~7% per application). Allotment is done by lottery. Share subscription was 16.44x. Allotment uses application count, not share volume.
When is Excelsoft IPO IPO allotment date?
Excelsoft IPO IPO allotment date is 24 November 2025. Check Excelsoft IPO Allotment Status on IPOwiz from that day using your PAN.
When does Excelsoft IPO IPO subscription close?
Excelsoft IPO IPO subscription closed on 21 November 2025. No new applications are accepted after the close.
What is Excelsoft IPO IPO GMP today?
Excelsoft IPO 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 IPO issue price and lot size?
Excelsoft IPO 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 IPO listing date?
Excelsoft IPO IPO listing date is 26 November 2025 on NSE and BSE. Allotment is on 24 November 2025.
How does subscription affect Excelsoft IPO IPO allotment?
Allotment odds in Excelsoft IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 41.08x by applications means roughly 1 in 41 for minimum-lot bids; bNII at 25.30x (~1 in 25). 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.