Excelsoft Technologies IPO Subscription Status : IPO Subscribed 14.36 on Final Day Morning; NII Book at 43.99x, Retail at 9.74x

New Delhi, November 21, 2025: On the final day of bidding, the Excelsoft Technologies IPO witnessed strong traction, clocking an overall subscription status of 14.36 times as of 11:49 am. The ₹500-crore public issue has seen remarkable interest from Non-Institutional Investors, with the NII segment oversubscribed 43.99 times. Retail participation also remained robust at 9.74 times, while the QIB (ex-anchor) portion continued to stay subdued at 0.24 times.

Excelsoft Technologies is a Mysuru-headquartered vertical SaaS company. It delivers learning, assessment, and digital content solutions. The company’s platforms serve over 30 million users across more than 60 countries. Its clientele includes universities, certification bodies, global corporates and government education programmes.

Excelsoft Technologies Subscription Status

As of 11:49 am on November 21, 2025, the final day of bidding, the Excelsoft Technologies IPO has been oversubscribed 14.36 times. In total, investors have bid for 41,89,20,250 shares against the 2,91,66,667 on offer.

The rally in subscription is driven primarily by Non-Institutional Buyers, who have subscribed their quota 43.99 times, applying for 27,49,38,125 shares against the 62,50,000 shares reserved. Within this category, bNII (bids above ₹10 lakh) came in at 47.90 times, with 19,95,97,750 shares bid, while sNII (bids below ₹10 lakh) saw a subscription of 36.16 times, amounting to 7,53,40,375 shares.

Retail investors are the second-largest contributors, subscribing 9.74 times and bidding for 14,20,23,250 shares against 1,45,83,333 available. Anchor Investors remained fully subscribed at 100%, bidding for the entire 1,24,99,999 shares allocated.

Meanwhile, demand from Qualified Institutional Buyers (QIBs) (ex-anchor) continues to be muted, with the category subscribed only 0.24 times, receiving bids for 19,58,875 shares against 83,33,334 offered.

Key IPO Details of Excelsoft Technologies

The ₹500 crore Excelsoft Technologies IPO is made up of a fresh issue of ₹180 crore and an offer for sale of ₹320 crore. The lot size of the IPO is 125 shares, while the price band is set at ₹114–₹120. The bidding started on November 19, 2025, and will stay open till 7 pm today, November 21, 2025. The shares will get listed on November 26, 2025.

What to Expect Ahead of Close Today

The IPO will close at 7:00 PM today. This will include final bids for the IPO, including UPI confirmations. It is expected that the IPO might get more enthusiastic participation as the closing approaches, especially from Qualified Institutional Buyers (QIBs). QIBs typically place bulk bids closer to the deadline. The momentum from NIIs is expected to continue even in the later hours of the last day. However, bidding from retail investors may stabilise where it is, unless there is a cut-off, bidders surge towards market close.

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