Excelsoft Technologies IPO is a book-built issue worth ₹500 crore, comprising a fresh issue of ₹180 crore (1.50 crore shares) and an offer for sale (OFS) of ₹320 crore (2.67 crore shares). The subscription window opened on November 19, 2025, and will close on November 21, 2025. Allotment is expected to be finalised on November 24, 2025, and the company is scheduled to list on the BSE and NSE on November 26, 2025.
The IPO price band is set at ₹114–₹120 per share, with a minimum lot size of 125 shares. For retail investors, the minimum investment (at the upper price band) is ₹15,000. For S-HNIs, the minimum application size is 14 lots (1,750 shares) costing ₹2,10,000, and for B-HNIs, 67 lots (8,375 shares) costing ₹10,05,000.
Excelsoft Technologies’ IPO saw strong demand, achieving an overall subscription of 45.17 times. As of November 21, 2025 (Day 3), the issue was subscribed to 15.94 times in the retail category, 50.06 times in the QIB segment, and an impressive 106.85 times in the NII category.
Excelsoft Technologies IPO is a book-built issue worth ₹500 crore, comprising a fresh issue of ₹180 crore (1.50 crore shares) and an offer for sale of ₹320 crore (2.67 crore shares). The IPO is priced between ₹114 and ₹120 per share with a minimum lot size of 125 shares, requiring a ₹15,000 investment for retail applicants at the upper band.
As of November 21, 2025 (Day 3), the issue witnessed strong demand, recording a subscription of 15.94 times in the retail category, 50.06 times in the QIB (excluding anchor) segment, and 106.85 times in the NII category, leading to an overall subscription of 45.17 times.
The table below breaks down the Excelsoft Technologies share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 2,08,33,333 (50.00%) |
| NII (HNI) Shares Offered | 62,50,000 (15.00%) |
| Retail Shares Offered | 1,45,83,333 (35.00%) |
| Total Shares Offered | 4,16,66,666 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| QIB (Ex Anchor) | 50.06 |
| NII | 106.85 |
| • bNII (above ₹10L) | 122.93 |
| • sNII (below ₹10L) | 74.67 |
| Retail | 15.94 |
| Total | 45.17 |
Note: The subscription details are as of Nov 21, 2025
Excelsoft Technologies Limited, founded in 2000, is a global vertical SaaS company focused on delivering advanced learning and assessment solutions. The company develops AI-driven platforms for online testing, proctoring, digital learning, student success, and eBook distribution. Its flagship offerings include the SARAS LMS, EnablED LXP, and OpenPage digital books, all designed to support the training, learning, and development needs of educational institutions and corporate organisations.
Excelsoft caters to a wide spectrum of clients—ranging from universities, schools, and government bodies to defence organisations, publishers, and private enterprises. With a strong international presence across India, Malaysia, Singapore, the UK, and the USA, the company partners with over 200 organisations and positively impacts more than 30 million learners globally. Its long-standing clientele includes renowned names such as Pearson Education, AQA Education, Ascend Learning, Brigham Young University–Idaho, and several others. As of June 30, 2025, the company employs 1,118 professionals.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 21, 2025, 4:37 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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