Excelsoft Technologies' IPO has a price range of ₹114–120 per share and was oversubscribed 6.89 times by the second day. On November 24, the share allocation will be decided, and on November 26, the shares are anticipated to be listed on the BSE and NSE.
Excelsoft Technologies' initial public offering (IPO), which began on Wednesday, November 19, is scheduled to end today, November 21. As of Thursday, the second day of the share sale, the issue had been oversubscribed 6.89 times.The IPO price band for Excelsoft Technologies is set at ₹114–120 per share, meaning that at the upper end of the issue price, the company is valued at about ₹1,380 crore.
Excelsoft Technologies has set aside at least 15% of the shares for non-institutional investors (NII), a minimum of 35% for retail investors, and a maximum of 50% for qualified institutional buyers (QIB) during the IPO.
Refunds will be handled on Tuesday, November 25, when the allocation for Excelsoft Technologies' IPO is finalized on Monday, November 24. The shares will be moved to the allottees' demat accounts on the day after the reimbursements. On Wednesday, November 26, Excelsoft Technologies shares are anticipated to go public on the BSE and NSE.
Refunds will be handled on Tuesday, November 25, when the allocation for Excelsoft Technologies' IPO is finalized on Monday, November 24. The shares will be moved to the allottees' demat accounts on the day after the reimbursements. On Wednesday, November 26, Excelsoft Technologies shares are anticipated to go public on the BSE and NSE.
With over 20 years of expertise, Excelsoft has long-term contracts with enterprise clients worldwide that provide technology-driven solutions in a variety of learning and assessment domains.
Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD, Pearson Professional Assessments Ltd, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University—IDAHO, Training Qualifications UK, Surala Net Co Ltd, Excel Public School, and The Chartered Quality Institute are a few of its well-known clients.
Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD, Pearson Professional Assessments Ltd, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University—IDAHO, Training Qualifications UK, Surala Net Co Ltd, Excel Public School, and The Chartered Quality Institute are a few of its well-known clients.
Today's IPO GMP for Excelsoft Technologies
Today's IPO GMP for Excelsoft Technologies is ₹14. The expected listing price of Excelsoft Technologies shares was ₹134 per share, which is 11.67% higher than the IPO price of ₹120, taking into account the top end of the IPO pricing band and the existing premium on the grey market.
The current grey market premium (GMP) is ₹14, which shows a reduction based on the grey market activity over the last ten sessions. Analysts report that the highest recorded GMP was ₹30, while the lowest was ₹0.00.
Investors' willingness to pay more than the issue price is indicated by the grey market premium.
Status of Excelsoft Technologies' IPO subscription
Today's IPO GMP for Excelsoft Technologies is ₹14. The expected listing price of Excelsoft Technologies shares was ₹134 per share, which is 11.67% higher than the IPO price of ₹120, taking into account the top end of the IPO pricing band and the existing premium on the grey market.
The current grey market premium (GMP) is ₹14, which shows a reduction based on the grey market activity over the last ten sessions. Analysts report that the highest recorded GMP was ₹30, while the lowest was ₹0.00.
Investors' willingness to pay more than the issue price is indicated by the grey market premium.
Status of Excelsoft Technologies' IPO subscription
On day two, Excelsoft Technologies' IPO subscription status was 6.89x. The NII portion was booked 18.20 times, while the retail portion was subscribed 5.92 times. 9% of the bids were from Qualified Institutional Buyers (QIBs).
According to BSE data, at 17:00 IST, the company got bids for 21,14,24,875 shares against 3,07,01,754 shares on offer.
Review of Excelsoft Technologies' IPO
Canara Bank Securities noted that values are substantially higher than those of competitors, requiring explanation via performance, at roughly 39 times the FY25 price-to-earnings ratio and over 57 times annualized for Q1FY26.
According to BSE data, at 17:00 IST, the company got bids for 21,14,24,875 shares against 3,07,01,754 shares on offer.
Review of Excelsoft Technologies' IPO
Canara Bank Securities noted that values are substantially higher than those of competitors, requiring explanation via performance, at roughly 39 times the FY25 price-to-earnings ratio and over 57 times annualized for Q1FY26.
The brokerage claims that even though Excelsoft maintains long-term partnerships, offers patented technology, and gains from structural growth trends, its short-term performance may continue to be muted.
Long-term investors with a high risk tolerance who want to get exposure to scalable EdTech platforms with steady EBITDA and strong cash flows are the main target audience for Canara Bank Securities' recommendation of the IPO.
A roughly 172% growth in PAT for FY25 demonstrated the company's excellent financial vitality, according to Swastika Investmart. However, there is a significant danger of interruption due to its heavy reliance on the Pearson Education Group, which generates roughly 59% of its income.
Long-term investors with a high risk tolerance who want to get exposure to scalable EdTech platforms with steady EBITDA and strong cash flows are the main target audience for Canara Bank Securities' recommendation of the IPO.
A roughly 172% growth in PAT for FY25 demonstrated the company's excellent financial vitality, according to Swastika Investmart. However, there is a significant danger of interruption due to its heavy reliance on the Pearson Education Group, which generates roughly 59% of its income.
According to Swastika Investmart, the valuation is expensive (P/E approximately 35), leading to a neutral assessment with the expectation of just a slight gain following listing.
Details of Excelsoft Technologies' IPO
Promoter Pedanta Technologies intends to sell shares worth up to ₹320 crore through an offer-for-sale, while the company hopes to raise ₹180 crore by issuing fresh shares. According to the draft paperwork sent to SEBI in February of this year, the total amount of the offer has been lowered from the originally planned ₹700 crore. In July, the IPO documents were accepted by the financial markets regulator. In the initial offer, ₹210 crore worth of new shares were issued, and ₹490 crore worth of shares were offered for sale.
Details of Excelsoft Technologies' IPO
Promoter Pedanta Technologies intends to sell shares worth up to ₹320 crore through an offer-for-sale, while the company hopes to raise ₹180 crore by issuing fresh shares. According to the draft paperwork sent to SEBI in February of this year, the total amount of the offer has been lowered from the originally planned ₹700 crore. In July, the IPO documents were accepted by the financial markets regulator. In the initial offer, ₹210 crore worth of new shares were issued, and ₹490 crore worth of shares were offered for sale.
The public owns the remaining 5.4% of the company's shares, with promoters owning 94.60%. MUFG Intime India Pvt Ltd is the issue's registrar, while Anand Rathi Advisors is the only book-running lead manager connected to the Excelsoft Technologies IPO.
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