The Excelsoft Technologies IPO is set to finalize the allocation of shares today following robust investor demand. The subscription period, which lasted for three days and closed on November 21, witnessed significant interest from investors across all segments.
Excelsoft initially offered 2,91,66,667 shares, but the total bids received amounted to 1,32,59,07,625 shares, equivalent to Rs 15,910.89 crore. This overwhelming response highlights the strong appeal of the IPO to both institutional and retail investors.
The Excelsoft IPO garnered a total subscription of 45.46 times, with the retail category oversubscribed by 16.44 times. The Qualified Institutional Buyer (QIB) segment, excluding anchor investors, saw a subscription of 50.06 times, while the Non-Institutional Investor (NII) category was oversubscribed by 107.04 times by the end of the subscription period.
For applicants eager to check their share allotment status, they can do so through the BSE website or the registrar, MUFG Intime India Pvt Ltd.
To verify their allotment status, applicants can utilize either the BSE portal or the registrar’s website. On the BSE website, users need to visit the IPO allotment page, select ‘Equity’, pick Excelsoft Technologies Limited, input their application number and PAN, complete the captcha, and click Search.
Alternatively, on the MUFG Intime India website, users should navigate to the IPO allotment page, choose Excelsoft Technologies Limited from the active issues list, select their preferred identification method (such as Application Number, PAN, or Demat details), provide the necessary information and captcha, and then click Submit to view the allotment status.
Investors are eagerly anticipating the listing of Excelsoft Technologies on the stock exchanges, with attention focused on the stock’s performance during its debut. The latest grey market premium (GMP) for the IPO stands at Rs 8 as of 7:33 am on November 24. Based on the IPO price band of Rs 120 per share, the estimated listing price derived from the GMP approximates around Rs 128, suggesting an anticipated listing gain of about 6.67%.
While GMP serves as an unofficial indicator, it often reflects market sentiment pre-listing. A stable premium indicates investors expect a steady debut, especially following the strong subscription numbers witnessed during the bidding phase.