Excelsoft Technologies IPO: Price, Analysis, Allotment, And GMP

Excelsoft Technologies IPO - Company Analysis

Excelsoft Technologies IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 500 Cr by Excelsoft Technologies Ltd., founded in 2000 and is located in Mysuru, Karnataka, is a top SAAS company in tech-driven e-learning and educational solutions. The company focuses on designing creative learning management systems (LMS), assessment tools, and content delivery systems for global educational institutions, government initiatives, and corporate training.  

The company has developed a unique understanding of digital learning ecosystems and has command of the Saras Learning Platform, Saras Assessments, and Saras Content Management System.

Excelsoft Technologies IPO Details

The Excelsoft Technologies Ltd IPO open date is from Nov 19 to Nov 21, with IPO allotment on Nov 24, refund initiation on Nov 25, 2025.

The Rs. 500 Cr mainline IPO comprises a combination of fresh issue of 1.50 crore shares (Rs. 180 Cr) and an offer for sale of 2.67 crore shares (Rs. 320 Cr). 

The Excelsoft Technologies IPO listing date might be on Wednesday, 26 November 2025, and it will be listed at the BSE and NSE. The Excelsoft Technologies IPO price band is Rs. 114 to Rs. 120 for each Share. 

Events	Date
IPO Opening Date	November 19, 2025
IPO Closing Date	November 21, 2025
IPO Allotment Date	November 24, 2025 (Tentative)
Refund Initiation	November 25, 2025 (Tentative)
Tentative IPO Listing Date	November 26, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

 

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	470.49	421.03	436.13
Total Income	248.80	200.70	197.97
Profit After Tax	34.69	12.75	22.41
EBITDA	73.25	54.97	68.18
Net Worth	371.29	297.30	278.08
Reserves & Surplus	269.66	295.71	276.48
Total Borrowing	26.59	76.73	118.09

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	526.09	557.77	555.88
Net Cash Flow Investing Activities	74.68	(155.66)	(151.12)
Net Cash Flow Financing Activities	(564.74)	(519.88)	(267.35)

 

(Source RHP)

The Objective of The Issue

• Funding of capital expenditure for the purchase of land and construction of a new building at the Mysore Property. ~ Rs. 719.66 Cr.

• Funding expenditure for upgradation, including external electrical systems of our Existing Facility at Mysore, India. ~ Rs. 395.11 Cr.

• Funding upgradation of our Company’s IT Infrastructure (Software, Hardware and Communications & Network Services). ~ Rs. 546.35 Cr.

• General corporate purposes.
  
  

Click to check the IPO application status.

Listed Peers of Excelsoft Technologies Ltd.

Company Name	Face Value (₹)	EPS (₹)	P/E Ratio (x)
MPS Ltd.	10	87.80	26.17
Ksolves India Ltd.	10	14.47	22.42
Silver Touch Technologies Ltd.	10	17.50	41.07
Sasken Technologies Ltd.	10	33.30	42.19
InfoBeans Technologies Ltd.	10	15.59	32.54

 

Valuation

KPI	Values
ROE	10.38
ROCE	16.11
Debt/Equity	0.05
RoNW	10.38
PAT Margin	14.87%

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IPO's Strengths

• Established EdTech and SaaS foundation with scalable e-learning solutions. 

• Long-term relationships with major academic and corporate clients. 

• Diversification in Asia, U.S., and Middle East. 

• SaaS model with high margins and low capital requirements.

• Seasoned promoters and leadership with a record of successful innovations.  

IPO Weaknesses

• Most revenue is generated by large enterprise clients. 

• Fierce competition from global SaaS and EdTech companies like Salesforce and Oracle. 

• This makes the business vulnerable to foreign exchange volatility. 

• Corporate training budgets are a significant part of client spending and are often cyclical.

Excelsoft Technologies IPO GMP 

Excelsoft Technologies IPO GMP today has not startet yet as of 13 Nov 2025, while writing this information.

Excelsoft Technologies Limited IPO Summary

IPO Opening & Closing Date	Nov 19, 2025 to Nov 21, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 114 to Rs. 120
Lot Size	125 Shares
Issue Size	4,16,66,666 Shares (Rs. 500 Cr)
Offer for Sale	2,66,66,666 Shares (Rs. 320 Cr)
Fresh Issue	1,50,00,000 Shares (Rs. 180 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

Excelsoft Technologies IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (125 Shares) amounting to Rs. 15000 and 13 Lots (1625 Shares) amounting to Rs. 195000, respectively, while for S-HNI investors, the minimum Lot is 14 (1750 Shares) amounting to Rs. 210000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	66 Lots
BHNI (Minimum)	67 Lots

Excelsoft Technologies IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

Excelsoft Technologies IPO Allotment Status

To check the Excelsoft Technologies IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Excelsoft Technologies  Ltd.

• Pedanta Technologies Private Limited

• Dhananjaya Sudhanva

• Lajwanti Sudhanva

• Shruthi Sudhanva.
  
  

Pre-Issue Promoter Shareholding	94.60%
Post-Issue Promoter Shareholding	-

 

Excelsoft Technologies IPO Lead Managers

• Anand Rathi Advisors Ltd. 

 

Dividend Policy

The company has not paid a dividend in the past three financial years.

 

 

Conclusion

Excelsoft Technologies as a strong, innovative, and profitable EdTech player with adaptable technology and a diverse client base. Considering the financials, predictably stable margins, and scalable SaaS model, the IPO presents a long-term opportunity for players willing to invest in India’s evolving software and education technology market.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. Before making investment decisions, always get advice from your qualified financial advisor.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.