IPO Alert: Excelsoft Technologies Opens for Subscription on November 19, 2025

Excelsoft Technologies, a Karnataka-based SaaS firm specialising in learning and assessment solutions, will open its ₹500 crore initial public offering (IPO) on November 19, 2025. The issue will close on November 21, with the price band to be announced on November 13. 

The anchor book opens on November 18, and shares are expected to list on the BSE and NSE on November 26, 2025.

Issue Composition

The IPO will include a fresh issue of shares worth ₹180 crore and an offer-for-sale (OFS) of ₹320 crore by promoter Pedanta Technologies. This is lower than the company’s earlier plan to raise ₹700 crore, which included a ₹210 crore fresh issue and a ₹490 crore OFS. The Securities and Exchange Board of India (SEBI) cleared the revised proposal in July 2025.

Shareholding Pattern

Promoters currently hold 94.6% of the company’s shares, with the remaining 5.4% owned by public shareholders. Anand Rathi Advisors will act as the book-running lead manager for the issue.

Fund Allocation

From the fresh issue, ₹61.7 crore will be used to purchase land and construct a new building at the company’s Mysore property. Around ₹39.5 crore will go toward upgrading existing facilities, including external electrical systems. Another ₹54.6 crore will be spent on improving IT infrastructure, covering software, hardware, and communication systems. The balance will be used for general corporate purposes.

Founded in 2000, Excelsoft provides technology-based learning and assessment platforms to enterprise clients in India and abroad. It competes with listed peers such as MPS, Ksolves India, Silver Touch Technologies, Sasken Technologies, and InfoBeans Technologies.

Excelsoft Technologies Financial Performance

For the June 2025 quarter, the company reported a net profit of ₹6 crore on revenue of ₹55.7 crore. In FY25, profit rose 172% year-on-year to ₹34.7 crore, compared to ₹12.8 crore in FY24. Revenue grew 17.6% to ₹233.3 crore from ₹198.3 crore in the same period.

Read More: Fujiyama Power Systems IPO Set to Open on Nov 13: Key Risks You Should Know!

Conclusion

Excelsoft Technologies will use the IPO proceeds mainly for facility expansion and infrastructure upgrades at its Mysore operations, along with other corporate needs.

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