Upcoming IPO : Excelsoft Technologies to Launch ₹500 Crore IPO on November 19

New Delhi, November 13: Excelsoft Technologies IPO will open its ₹500 crore initial public offering on November 19 as the global vertical SaaS provider embarks on its milestone growth journey. The issue, which is a scaled-down version of its earlier plan of raising ₹700 crore, will run from November 19 till November 21 while the anchor bidding will be held on November 18.

IPO Structure

The issue consists of a fresh issue of equity shares worth ₹180 crore and an OFS of up to ₹320 crore by promoter Pedanta Technologies Pvt Ltd. The equity shares are proposed to be listed on both BSE and NSE.

Utilisation of Proceeds

Excelsoft plans to use ₹61.76 crore for land purchase and new building construction at its Mysore property, ₹39.51 crore for upgradation of facilities including external electrical, and ₹54.63 crore for increasing its IT infrastructure. The balance left will be utilised for general corporate purposes.

Business Overview

Headquartered in Karnataka, Excelsoft Technologies provides technology-driven learning and assessment solutions, with more than two decades of experience. The enterprise platform caters to clients across the globe in both the education and corporate training segments.

Excelsoft has actively integrated AI across its suite of product offerings to develop proprietary and hybrid large language models, device-specific smaller LLMs, and AI agents to enhance user experiences in learning and assessment environments.

Its long-standing client list consists of Pearson Education, AQA Education, Colleges of Excellence, NxGen Asia Pte Ltd, Pearson Professional Assessments, Brigham Young University – IDAHO, Training Qualifications UK, Excel Public School, and The Chartered Quality Institute.

Financial Performance

The company has reported revenue from operations of ₹233.29 crore and a profit after tax of ₹ 34.69 crore for FY25, an indication of steady growth in its enterprise SaaS offerings.

Lead Manager

Anand Rathi Advisors Limited is the sole book running lead manager to the IPO.

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