Excelsoft Technologies, a global vertical SaaS provider, witnessed an encouraging listing on 26 November 2025. The company’s shares opened at ₹135 apiece on both the NSE and BSE, marking a premium of 12.5% over the issue price of ₹120. The positive debut came against the backdrop of healthy market sentiment and strong investor participation during the IPO.
Shortly after listing, the stock climbed further, touching ₹142.59 on the NSE and ₹139.30 on the BSE. The listing premium also surpassed informal market expectations ahead of the debut.
IPO Subscription Performance
The IPO saw robust demand across investor categories, with the issue subscribed 43.19 times overall. Investors placed bids for 1.32 billion shares against the 30.7 million on offer. Non-Institutional Investors led the subscription, overshooting their quota by 101.69 times. The Qualified Institutional Buyers’ category recorded a subscription of around 47.55 times, while the retail portion attracted 15.62 times the shares reserved for this segment.
IPO Structure and Fundraising
Excelsoft Technologies raised ₹500 crore through its initial public offering. The issue comprised:
- A fresh issue of 15 million shares
- An offer for sale of 26.7 million shares
The price band for Excelsoft Technologies IPO was set between ₹114 and ₹120 per share, with investors required to bid for a minimum lot of 125 shares.
On the anchor front, the company secured ₹150 crore on 18 November from 10 institutional investors. Large allocations went to Bengal Finance & Investment and 360 ONE Equity Opportunity Fund, along with other notable global and domestic participants.
Use of IPO Proceeds
According to the company’s disclosures, the fresh issue funds will be allocated as follows:
- ₹71.9 crore towards acquiring land and constructing a new facility at its Mysore property
- ₹39.5 crore for upgrades at the existing Mysore unit, including external electrical systems
- ₹54.6 crore to strengthen IT infrastructure spanning software, hardware, and network systems
- The remaining amount will support general corporate requirements
Company Profile and Operations
Excelsoft Technologies operates as a global SaaS organisation specialising in digital learning and assessment solutions. Incorporated in 2008, the company provides cloud-native, AI-enabled platforms for enterprises worldwide. Its product suite spans loyalty management, engagement solutions, data insights and customer rewards.
The firm serves over 70 active global clients across multiple regions and has established a strong presence in the United States, the United Kingdom, the United Arab Emirates and Asia.
Financial Highlights
For FY25, Excelsoft reported revenue of ₹598.26 crore, a year-on-year rise of 13.93% driven by higher retainership income and service revenues. The company returned to profitability, posting ₹13.28 crore in FY25 compared to a loss of ₹59.38 crore in FY24.
Market Commentary
Experts note that Excelsoft is well placed within the expanding digital learning ecosystem. The company’s growing client base, AI-led solutions and infrastructure expansion were seen as supportive aspects of the IPO.
Some analysts, however, flagged concentration risk as an area to watch. In FY25, the top five customers contributed 66% of revenue, with the largest client, Pearson Education Group, accounting for nearly 59%. Given the short-term nature of contracts, any shift in procurement could affect future performance.
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Conclusion
Excelsoft Technologies’ debut at a 12.5% premium marks a positive step in its journey as a publicly listed SaaS company. Strong subscription levels, a solid product portfolio and planned investment in infrastructure position the company for continued growth. The IPO has reinforced investor confidence in the firm’s long-term digital learning and assessment strategy.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
