Excelsoft Technologies is gearing up to launch its initial public offering (IPO) on November 19, 2025, with the IPO scheduled to close on November 21. The company is anticipated to list on the BSE and NSE on November 26.
The IPO is valued at Rs 500 crore, comprising a fresh issue of shares worth Rs 180 crore and an offer for sale (OFS) of Rs 320 crore by existing shareholders. The fresh issue aims to support the company’s growth initiatives, while the OFS will enable current investors to partially divest.
The price band for the shares is set at Rs 114 to Rs 120 per share. Retail investors are required to apply for a minimum of 125 shares, amounting to Rs 15,000 at the upper end of the price range. Non-institutional investors have different lot size requirements, with sNII category needing 14 lots (1,750 shares) costing approximately Rs 2,10,000, and bNII applicants requiring 67 lots (8,375 shares) valued at around Rs 10,05,000.
Anand Rathi Advisors Ltd. is the book-running lead manager for the IPO, while MUFG Intime India Pvt. Ltd. will serve as the registrar.
As of November 18, 2025, the grey market premium (GMP) for the shares stands at Rs 16. Based on the upper price band of Rs 120, the estimated listing price is projected to be around Rs 136, indicating a potential gain of about 13.33% under stable market conditions.
Excelsoft Technologies, established in 2000, specializes in technology-driven solutions for the education and assessment sector. The company provides AI-powered learning platforms, online testing and assessment systems, eBook solutions, proctoring tools, and student success platforms. With a client base of over 200 organizations and catering to more than 30 million learners globally, Excelsoft operates in India, Malaysia, Singapore, the UK, and the USA.