- Issue price
- ₹120per share
- Issue size
- ₹500 Cr4,16,66,666 shares
- Face value
- ₹10per equity share
- Lot size
- 125 sharesMin. ₹15,000 at the upper price
- Anchor biddingTue, 2025
- OpensWed, 2025
- ClosesFri, 2025
- AllotmentMon, 2025
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 1,50,00,000 shares (₹180 Cr)
- Offer for sale
- 2,66,66,666 shares (₹320 Cr)
- Total issue
- 4,16,66,666 shares (₹500 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
- Promoter holding
- 51.02% → 44.37%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- NII15.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 1,45,83,333 | 35.00% | 35% |
| Non-institutional investors (NII) | 62,50,000 | 15.00% | 15% |
| Qualified institutional buyers (QIB) | 2,08,33,333 | 50.00% | 50% |
| QIB, excluding anchor | 83,33,334 | 20.00% | — |
| Anchor investors | 1,24,99,999 | 30.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹120 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 125 | ₹15,000 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹3.47
- EPS (diluted)
- ₹3.47
- P/E (At floor price, FY 2024-25)
- 32.85×
- P/E (At cap price, FY 2024-25)
- 34.58×
- RoNW (Weighted average)
- 8.07%
- NAV per share (At offer price)
- ₹48.31
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Jun 20253 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 55.72 | 233.29 | 198.30 | 195.10 |
| Total income | 60.28 | 248.80 | 200.70 | 197.97 |
| EBITDA | 10.18 | 73.26 | 54.97 | 68.18 |
| Profit after tax | 6.01 | 34.69 | 12.75 | 22.41 |
| Net worth | 375.95 | 371.29 | 297.30 | 278.08 |
| Reserves and surplus | 275.87 | 271.21 | 295.71 | 276.48 |
| Total assets | 478.34 | 470.49 | 421.03 | 436.13 |
| Total borrowing | 37.82 | 26.59 | 76.73 | 118.09 |
FY 2024-25 vs FY 2023-24: revenue +17.6%, profit after tax +172.0%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
A vertical SaaS company serving the learning and assessment market with cloud-based assessment, proctoring, learning management and content solutions for enterprise and institutional clients worldwide. It has operated for over two decades and is developing AI-based products for its platforms.
- Incorporated
- 2000
- Industry
- Software / SaaS (Learning and Assessment)
- Sector
- IT and Software
- CIN
- U72900KA2000PLC027256
- Website
- excelsoftcorp.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Dhananjaya Sudhanva | Promoter | 38.81% | 33.75% | — |
| Lajwanti Sudhanva | Promoter | 11.75% | 10.22% | — |
| Shruthi Sudhanva | Promoter | 0.46% | 0.40% | — |
| Pedanta Technologies Private Limited | Selling shareholder | 43.12% | 14.32% | 2,66,66,666 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of land and construction of new building at the Mysore property | 61.77 |
| Upgradation and external electrical systems of existing Mysore facility | 39.51 |
| Upgradation of IT infrastructure | 54.64 |
| General corporate purposes | 8.98 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| MPS Ltd | ₹87.8 | 26.17× | 31.74% | ₹279.69 |
| Ksolves India Ltd | ₹14.47 | 22.42× | 153.95% | ₹17.51 |
| Silver Touch Technologies Ltd | ₹17.5 | 41.07× | 18.00% | ₹105.48 |
| Sasken Technologies Ltd | ₹33.3 | 42.19× | 6.36% | ₹531.24 |
| InfoBeans Technologies Ltd | ₹15.59 | 32.54× | 12.09% | ₹136.34 |
| Excelsoft Technologies LimitedIssuer | ₹3.47 | — | 10.38% | ₹37.1 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Two decades of experience providing learning and assessment technology to enterprise clients on long-term contracts.
- Cloud-based platforms with standards-compliant APIs and ISO 27001 and ISO 9001 certifications.
- Assessment and proctoring offerings built on AI, with use of several large language model deployments.
- Revenue spread across several countries, with a large share from the UK, Singapore and India segments.
Risks
- A large share of revenue depends on Pearson Education Group, which can terminate contracts at short notice.
- The company has given a corporate guarantee equal to about 79.80% of its net worth to support debt of its corporate promoter.
- Delays in FEMA filings and annual performance reports led to penalties and may attract further regulatory action.
- Part of the net proceeds is to buy land for which definitive sale deed is not yet executed.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹120) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Excelsoft Technologies IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 19 November 2025 and closes on Friday, 21 November 2025.
What is the Excelsoft Technologies IPO price band?
The final issue price is ₹120 per share.
What is the lot size of the Excelsoft Technologies IPO?
One lot is 125 shares, which is ₹15,000 at ₹120 per share.
Where will Excelsoft Technologies shares list?
On NSE and BSE. The tentative listing date is Wednesday, 26 November 2025.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Excelsoft Technologies IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 24 November 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹61.77 Cr for purchase of land and construction of new building at the Mysore property, ₹39.51 Cr for upgradation and external electrical systems of existing Mysore facility, ₹54.64 Cr for upgradation of IT infrastructure, ₹8.98 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.