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Excelsoft Technologies IPO
The Excelsoft Technologies IPO size is ₹500 crore with a fresh issue of ₹180 crores and an offer-for-sale (OFS) of ₹320 crore by existing shareholders. The IPO is a book-built issue with the price band fixed at ₹114-₹120 per share. The offer will commence on 19 November 2025 and end on 21 November 2025. The minimum lot size is 125 shares, with a minimum application of ₹15,000 for retail investors. The shares are likely to be listed on BSE and NSE on or about 26 November 2025.
Company Background
Excelsoft Technologies Private Limited is a Mysuru-based company that was established in the year 2000 and has been creating technology solutions for global clients focused on SaaS products in learning, assessment, content and knowledge distribution across the education and corporate segments. It brings 24+ years of experience and caters to over 25 countries on five different continents. Excelsoft’s technology platforms have empowered 30+ million learners, 1.8 billion test submissions and more than 250 thousand proctored examinations. The company serves education institutions, government entities and corporate clients and has a reputation for strong, comprehensive cloud offerings.
Operations and Product Range
Excelsoft’s core offerings are the SARAS Learning Management System (LMS), EnablED Learning Experience Platform (LXP) and OpenPage digital books platform. These products address education and certification, workforce learning, online testing and proctoring. Excelsoft’s SaaS-based products provide cutting-edge AI-powered analytics, curriculum management, assessment and a secure content delivery platform that transforms learning for large universities and corporations across the globe.
Facility and Team
Excelsoft Technologies IPO primary campus is located in Mysuru, Karnataka and it has more campuses across India as well as in Malaysia, UK, Singapore and the US. Excelsoft already employs more than 1,100 people as of June 2025.
Brands and Market Presence
Excelsoft has built relationships with top education publishers, universities, assessment bodies and corporations such as Pearson Education, AQA Education and Brigham Young University – Idaho. Its products and platforms enjoy a strong reputation in the fields of reliability and cybersecurity, having supported digital transformation efforts across geographies.
Revenue Channels
The company generates the majority of its money from subscriptions and service deals for its software platforms, which provide long-term business stability. Its customers see continuous upgrades, support and new features over multi-year contracts.
Management and Shareholding
Excelsoft Technologies IPO is promoted by Pedanta Technologies. Following the IPO issue, the promoter group’s share will be diluted to some extent, but it will continue to be in control. The management team has extensive technology, product development and large project delivery expertise.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Excelsoft Technologies IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Excelsoft Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 19, 2025 to November 21, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,16,66,666 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue(Ex Market Maker) | 1,50,00,000 shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 2,66,66,666 shares of ₹10 (aggregating up to ₹320.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,00,84,164 shares |
| Share Holding Post Issue | 11,50,84,164 shares |
Excelsoft Technologies IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Nov 19, 2025 |
| IPO Close Date | Fri, Nov 21, 2025 |
| Tentative Allotment | Mon, Nov 24, 2025 |
| Initiation of Refunds | Tue, Nov 25, 2025 |
| Credit of Shares to Demat | Tue, Nov 25, 2025 |
| Tentative Listing Date | Wed, Nov 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 21, 2025 |
Excelsoft Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 125 | ₹15,000 |
| Individual investors (Retail) (Max) | 13 | 1,625 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000 |
Excelsoft Technologies IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 94.60% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Asset-light and scalable SaaS business model.
- • Established a global client base and robust recurring revenue from digital platforms.
- • Continuous innovation in edtech and assessment technologies.
- • Strong operational presence in India with international offices and delivery capabilities.
- • Recognized brand in education technology, with proven capacity to power large-scale learning and assessment programmes.
Excelsoft Technologies IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 478.34 | 60.28 | 6.01 | 375.95 | - | 37.82 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 470 | 249 | 35 | 371 | - | 26.59 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 421.03 | 200.7 | 12.75 | 297.3 | - | 76.73 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 436.13 | 197.97 | 22.41 | 278.08 | - | 118.09 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.38 |
| ROCE | 16.11 |
| Debt/Equity | 0.05 |
| RoNW | 10.38 |
| PAT Margin | 14.87% |
| EBITDA Margin | 31.40% |
| Price to Book Value | 3.23 |
| Market Capitalization | ₹1,381.01 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.47 | 2 |
| P/E (x) | 34.62 | 57 |
Excelsoft Technologies IPO Objectives
The company intends to utilize IPO proceeds for:
- • Funding land purchase and construction of a new building at its Mysore property (₹71.9 crore).
- • Upgrading and modernizing existing Mysore facilities (₹39.5 crore).
- • IT infrastructure enhancements (₹54.6 crore).
- • General corporate purposes.
Conclusion
Excelsoft Technologies IPO represents an opportunity to be a part of the growth story of an Indian SaaS leader in digital learning and assessment in the global market. The company’s global presence, established product catalog and strong customer relationships have it well situated to benefit from the growing adoption of technology in education and workforce development.
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Read More IPO ReviewsFrequently Asked Questions (FAQs)
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How big is the Excelsoft Technologies IPO?
The total size of the Excelsoft Technologies IPO is ₹500 crore, including a fresh issue amounting to ₹180 crore and an offer-for-sale component worth ₹320 crore offered by existing promoters and shareholders.
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Who are the promoters of Excelsoft Technologies?
The main promoter of Excelsoft Technologies is Pedanta Technologies Private Limited, which holds a majority stake and continues to be actively involved in driving the company’s strategic and operational directions.
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What is the primary goal of the Excelsoft Technologies IPO?
The funds raised from the IPO will primarily be utilized to finance capital expenditure, including purchasing land and constructing a new building at Mysuru, upgrading the existing facilities by improving electrical systems, enhancing the company’s IT infrastructure and meeting general corporate expenses.
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What does Excelsoft Technologies provide?
Excelsoft Technologies offers vertically integrated SaaS platforms, including SARAS LMS, EnablED LXP and OpenPage, that cater to learning management, digital content delivery, assessment and online proctoring across academic, government and corporate clients globally.
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Where will the shares be listed?
The shares of Excelsoft Technologies IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), with the tentative listing date set for 26 November 2025.
