Excelsoft Technologies IPO Allotment Status Today: Here’s How to Check Allotment Status Online

Mysuru, November 24: Excelsoft Technologies IPO allotment status is expected to be finalised today, on November 24. Investors who applied to the Excelsoft Technologies IPO can check their allotment status by visiting the NSE, or BSE platform, or through the website of the registrar, which is MUFG Intime India Pvt Ltd.

Excelsoft Technologies is a global Vertical SaaS (Software as a Service) company operating in the high-growth Learning and Assessment (EdTech) market. The company provides a comprehensive suite of technology solutions to academic institutions, corporate training divisions, certification bodies, and government agencies worldwide.

How to Check Excelsoft Technologies IPO Allotment Status

Check Excelsoft Technologies IPO Allotment Status on NSE

• Step 1: Visit: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Step 2: Enter your Application Number or PAN.
• Step 3: Select Excelsoft Technologies Limited from the issue list.
• Step 4: Click Submit to view your allotment status.

Check Excelsoft Technologies IPO Allotment Status on BSE

• Step 1: Visit: https://www.bseindia.com/investors/appli_check.aspx
• Step 2: Under Issue Type, select Equity.
• Step 3: From the dropdown menu, choose Excelsoft Technologies Limited.
• Step 4: Enter your Application Number or PAN.
• Step 5: Complete the Captcha and click Search.
• Step 6: Your allotment result will be shown.

Check Excelsoft Technologies IPO Allotment Status on MUFG Intime India Pvt Ltd

• Step 1: Visit: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Step 2: Look for Excelsoft Technologies Limited from the list of ongoing/closed issues.
• Step 3: Select any of the available search options: PAN Number, or DP ID / Client ID, or Application Number
• Step 4: Enter the required details exactly as used during the IPO application.
• Step 5: Complete the Captcha and click Search.
• Step 6: Your allotment status will be displayed on the screen.

Excelsoft Technologies IPO Key Details

The ₹500 crore Excelsoft Technologies IPO was a combination of a fresh issue of 1.50 crore shares aggregating to ₹180 crore and an offer for sale of 2.67 crore shares aggregating to ₹320 crore. Excelsoft Technologies’ IPO price band was set at ₹114 to ₹120 per share. The lot size was 125 shares per application. The minimum investment amount required by a retail investor was at ₹15,000 (125 shares) at the upper price band. The lot size investment for sNII was 14 lots (1,750 shares), amounting to ₹2,10,000, and for bNII, it was 67 lots (8,375 shares), amounting to ₹10,05,000. Anand Rathi Advisors Ltd. is the book-running lead manager, and MUFG Intime India Pvt.Ltd is the registrar of the issue.

Excelsoft Technologies IPO: Anchor Allocation Details

Ahead of the IPO, Excelsoft Technologies raised ₹150 crore from anchor investors by allocating 1.25 crore shares at ₹120 per share. Key investors included Bengal Finance & Investment, 360 One Equity Opportunity Fund, GKFF Ventures, Societe Generale, BNP Paribas Financial Markets, Bandhan Mutual Fund, and Rajasthan Global Securities.

Excelsoft Technologies IPO: Subscription Status

Excelsoft Technologies IPO was subscribed by a total of 45.46 times. Non-Institutional Buyers led the subscription at 107.04 times, followed by QIBs at 50.06 times, and retail investors at 16.44 times.

What’s Ahead for Excelsoft Technologies IPO?

Excelsoft Technologies IPO allotment status is expected today. The company is expected to start the process of crediting shares and initiating refunds on November 25. The shares of the company are expected to list on NSE and BSE on November 26. Excelsoft Technologies IPO has raised ₹150 crore from anchor investors and received overwhelming demand across investor categories. Investors will now hope for a successful allotment, and stellar listing on NSE and BSE.

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