Excelsoft Technologies IPO: Shares Lists at ₹135, a 12.50% Premium Over Issue Price of ₹120

Mysuru, November 26: Excelsoft Technologies IPO has made a strong debut on stock exchanges today, listing at ₹135 per share, a 12.50% premium over its issue price of ₹120 per share. As of 11:20 AM, Excelsoft Technologies share price was up by 11.68%, or 14.02 points, and was trading at ₹134.02. Until now, the shares have traded within a range of ₹142.59 and ₹131.10. The traded volume for the stock stood at 5.17 crore shares.

Excelsoft Technologies Limited (NSE: EXCELSOFT, BSE: 544617) 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. The company was established in 2000 and is headquartered in Mysuru, Karnataka.

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.

Investor Takeaway for Excelsoft Technologies

Excelsoft Technologies IPO has listed with a 12.50% premium over its issue price, and is still holding its ground at 11.68% above the issue price. The strong debut has provided investors with listing gains, after the IPO was subscribed by 45.56 times. With a well-diversified customer base, scalable business model, and strong backing from anchor investors, Excelsoft Technologies is well-positioned to grow in the coming quarters.

REF: https://www.nseindia.com/get-quotes/equity?symbol=EXCELSOFT

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