
Excelsoft Technologies IPO Subscription Day: 1 Check Online
Posted by : sachet | Wed Nov 19 2025

Check Expert’s Verdicts on Excelsoft Technologies IPO.
Here is the Excelsoft Technologies IPO launched on 19th November 2025. Bidding for the issue will close on 21st November 2025. The primary aim of the Excelsoft Technologies IPO is to raise ₹500.00 crores from the market. Additionally, the Excelsoft Technologies IPO has received strong subscription levels, indicating that the shares will likely be listed at a premium. Scroll down to check the Excelsoft Technologies IPO subscription and details.
Excelsoft Technologies IPO Details
| IPO Open Date | 19th November 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot Size | 125 shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & NSE |
| IPO Close Date | 21st November 2025 |
| Listing Date | 26th November 2025 |
The price band for the Excelsoft Technologies IPO has been set at ₹114 to ₹120 per share, Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered |
| QIB Shares Offered | Not more than 50% of the net offer |
| NII (HNI) Shares Offered | Not less than 35% of the net offer |
| Retail Investors Offered | Not less than 15% of the offer |
Excelsoft Technologies IPO Subscription Status
As of now, the Excelsoft Technologies IPO has been subscribed to 0.37 times. Of these, 0.53 times are subscribed by retail investors, 0.49 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors expect higher returns at the time of the Excelsoft Technologies IPO, scheduled to list on 26th November 2025. Tenneco Clean Air India’s IPO also has a positive outlook, with the fresh issue of 1.50 crore shares to raise around Rs 500.00 crores.
Excelsoft Technologies IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Excelsoft Technologies IPO GMP for 19th November 2025.
The grey market premium for this IPO is 12.50% or Rs 15 per share. It indicates that the estimated listing price per share is Rs 135. Numerous factors played a pivotal role in the jump in Excelsoft Technologies’ GMP. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 19-11-2025 | ₹120.00 | ₹15.00 | ₹135.00 | 12.50% |
| 18-11-2025 | ₹120.00 | ₹15.00 | ₹135.00 | 12.50% |
| 17-11-2025 | ₹120.00 | ₹16.00 | ₹136.00 | 13.33% |
| 16-11-2025 | ₹120.00 | ₹20.00 | ₹140.00 | 16.67% |
| 15-11-2025 | ₹120.00 | ₹30.00 | ₹150.00 | 25.00% |
| 14-11-2025 | ₹120.00 | ₹0.00 | ₹120.00 | 0.00% |
| 13-11-2025 | ₹120.00 | ₹0.00 | ₹120.00 | 0.00% |
| 12-11-2025 | ₹120.00 | ₹0.00 | ₹120.00 | 0.00% |
About Excelsoft Technologies IPO Ltd.
Excelsoft Technologies Limited was founded in 2000 and is a vertical SaaS company with expertise in the learning and assessment market. The company provides AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms.
The company’s SARAS LMS, including EnablED LXP and OpenPage digital books, offer tailored learning support for academic institutions and corporations, addressing their training, learning, and development needs.
- Expertise in product engineering, development and implementation across assessments, digital learning & information management systems with robust product capabilities.
- Long-term relationships with global customers.
- Expertise in delivering fully compliant digital learning and assessment solutions to clients globally.
- Flexibility to work with diversified technologies to provide the right-fit solution, driven by agile methodologies.
- Robust Operating Parameters.
- Experienced Management Team and Promoters with expertise in developing products.
Excelsoft Technologies Limited Financials
The company’s financial analysis is essential before applying for Excelsoft Technologies Limited’s IPO. Refer to the table to learn about Excelsoft Technologies Limited’s financial information.
| Year Ended | 30th June 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 478.34 | 470.49 | 421.03 | 436.13 |
| Revenue | 60.28 | 248.80 | 200.70 | 197.97 |
| Profit After Tax | 6.01 | 34.69 | 12.75 | 22.41 |
| EBITDA | 10.18 | 73.26 | 54.97 | 68.18 |
| Net Worth | 375.95 | 371.29 | 297.30 | 278.08 |
| Reserve and Surplus | 274.25 | 269.66 | 295.71 | 276.48 |
| Total Borrowing | 37.82 | 26.59 | 76.73 | 118.09 |
Explanation
Excelsoft Technologies Limited’s revenue increased by 24% from ₹200.70 crore in March 2024 to ₹248.80 crore in March 2025. Moreover, the company’s PAT increased by 172% from ₹12.75 crores to ₹34.69 crores. Investors can analyse other relevant factors and make a decision accordingly.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Excelsoft Technologies IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 34.62 |
| EPS (Earnings Per Share) | 3.47 |
| RoNW | 10.38 |
| ROCE | 16.11 |
| ROE | 10.38 |
| EBITDA Margin | 31.40% |
| Price to Book Value | 3.23 |
| Market Capitalisation | ₹1,381.01 Cr |
Excelsoft Technologies IPO Listing Expectations
Excelsoft Technologies IPO Highlights: IPO allotment is still pending, as the bid closes today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A 12.50% flat in the GMP of Excelsoft Technologies IPO suggests that the estimated listing price per share will be around Rs 135.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Excelsoft Technologies IPO Dates
| IPO Open Date | 19th November 2025 |
| IPO Close Date | 21st November 2025 |
| Allotment | 24th November 2025 |
| Refund Date | 25th November 2025 |
| IPO Listing Date | 26th November 2025 |
Note: IPO GMP is volatile, driven by market sentiment. Hence, one should conduct their research before investing in it.
Download the Univest iOS App or the Univest Android App to get daily stock recommendations and insightful research pieces!
Recent Articles
Max Healthcare Q1 Results FY26: Q1 PAT Rises 30.35% to ₹307.97 Crore; Revenue Up 31.41% YoY
Minda Corporation Q1 Results FY26: Q1 PAT Rises 1.73% to ₹65.31 Crore; Revenue Up 16.23% YoY
Bharat Dynamics Q1 Results FY26: Q1 PAT Rises 154.30% to ₹18.35 Crore; Revenue Up 29.69% YoY
Elitecon International Q1 Results FY26: Q1 PAT Rises 349.99% to ₹20.41 Crore; Revenue Up 301.98% YoY
Elgi Equipments Q1 Results FY26: Q1 PAT Rises 17.58% to ₹85.60 Crore; Revenue Up 8.19% YoY
Aavas Financier Q1 Results FY26: Q1 PAT Rises 10.41% to ₹139.23 Crore; Revenue Up 15.70% YoY

