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Excelsoft Technologies IPO
Price Band
₹114.0–120.0
Issue Size
₹500.0 Cr
Lot Size
125 shares
Min Investment
₹15,000
GMP
+₹4.0 (3.33%)
Issue Price
₹120.0
Subject to Sauda
₹400
Paid only if allotted
Excelsoft Technologies IPO AI Summary
- Excelsoft Technologies IPO is listed on BSE, NSE in the IT Enabled Services sector.
- Price band: ₹114.0–₹120.0 per share, lot size 125 shares (min. investment ₹15,000).
- Subscription window: 19 Nov–21 Nov 2025, listing on 26 Nov 2025.
- Current GMP is +₹4.0 (3.33%), an estimated listing price of ₹124 — unofficial and can change daily.
Excelsoft Technologies Limited is set to enter the market with an IPO priced at ₹120.0, targeting a total issue size of ₹500 Cr. The company operates in the IT Enabled Services sector and focuses on providing innovative learning and assessment solutions globally.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Excelsoft Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Nov 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Excelsoft Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+3.33%
Est. Listing
₹124.0
Updated: 25 Jul 2026 14:15
About the Company
Founded in 2000, Excelsoft Technologies Limited is a global vertical SaaS company specialising 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. Excelsoft serves a diverse range of clients, including educational publishers, universities, schools, government agencies, defence organisations, and businesses. With operations in India, Malaysia, Singapore, the UK, and the USA, the company collaborates with over 200 organisations and impacts more than 30 million learners worldwide. Some of its prominent and long-standing clients include Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO and more. As of June 30, 2025, Excelsoft has a team of 1,118 employees. Product Segments Assessment & Proctoring Solutions SARAS e-Assessments EasyProctor Learning & Student Success Systems SARAS Learning Solutions OpenPage EnablED CollegeSparc LearnActiv - K12 Learning Solutions Competitive Strength 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.
Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 478.34 | 470.49 | 421.03 | 436.13 |
| Total Income | 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 |
| Reserves and Surplus | 274.25 | 269.66 | 295.71 | 276.48 |
| Total Borrowing | 37.82 | 26.59 | 76.73 | 118.09 |
Key Ratios
EPS
₹3.47
NAV
₹37.10
ROE
10.38%
ROCE
16.11%
RoNW
10.38%
P/B Value
3.23
P/E Ratio
34.62
Market Cap
₹1381.01 Cr
PAT Margin
14.87%
Debt/Equity
0.05
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Infobeans Technologies Limited | 136.34 | 12.09% | 32.54 | 15.59 | 15.51 |
| Sasken Technologies Limited | 531.24 | 6.36% | 42.19 | 33.3 | 33.04 |
| Silver Touch Technologies Limited | 105.48 | 18% | 41.07 | 17.5 | 17.5 |
| Ksolves India Limited | 17.51 | 153.95% | 22.42 | 14.47 | 14.47 |
| Mps Limited | 279.69 | 31.74% | 26.17 | 87.8 | 87.73 |
| Excelsoft Technologies Limited This IPO | 37.1 | 10.38% | — | 3.47 | 3.47 |
Promoters
Pedanta Technologies Pvt.Ltd., Dhananjaya Sudhanva, Lajwanti Sudhanva and Shruthi Sudhanva
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property. 61.77 2 Funding expenditure for upgradation including external electrical systems of the Existing Facility at Mysore, India. 39.51 3 Funding upgradation of the Companys IT Infrastructure (Software, Hardware and Communications & Network Services). 54.64 4 General Corporate Purposes 8.98 5 Issue Expenses 41.97 Total 206.86
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹197.97 Cr in the year ended 31 Mar 2023, increasing to ₹200.70 Cr by 31 Mar 2024. It rose further to ₹248.80 Cr in the year ended 31 Mar 2025, but decreased to ₹60.28 Cr by 30 Jun 2025. However, this last figure is for a 9-month period, not a full year, so it isn't directly comparable.
Profit Trend
Profit After Tax was ₹22.41 Cr in the year ended 31 Mar 2023, increasing to ₹12.75 Cr by 31 Mar 2024. It then rose to ₹34.69 Cr in the year ended 31 Mar 2025, but fell to ₹6.01 Cr by 30 Jun 2025. Again, this last figure is for a 9-month period, not a full year, so it isn't directly comparable.
Valuation
Excelsoft Technologies is priced at a P/E ratio of 34.62 at the issue price, compared to peers trading at a P/E range of 22.42 to 42.19.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares before they are listed on the stock exchange. A positive GMP suggests that the shares may list at a premium, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs, as they can be subject to significant price fluctuations in the initial trading days.
IPO Timeline, Explained
The IPO opens for subscription on November 19, 2025, and closes on November 21, 2025. Allotment of shares will be done by November 24, 2025, and the shares are expected to be listed on November 26, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Excelsoft Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Excelsoft Technologies IPO GMP today?
Excelsoft Technologies IPO GMP today is +₹4.0 (3.33%), indicating an estimated listing price of ₹124. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Excelsoft Technologies IPO?
The price band of Excelsoft Technologies IPO is ₹114.0–₹120.0 per share.
When does Excelsoft Technologies IPO open and close?
Excelsoft Technologies IPO opens on 19 November 2025 and closes on 21 November 2025.
When does Excelsoft Technologies IPO list on the stock exchange?
Excelsoft Technologies IPO listed on 26 November 2025 at ₹124.0.
What is the lot size for Excelsoft Technologies IPO?
The lot size for Excelsoft Technologies IPO is 125 shares, requiring a minimum investment of ₹15,000.
What is the price band for the IPO?
The price band for the IPO is ₹114.0 to ₹120.0.
What is the minimum investment required?
The minimum investment required is ₹15,000.
What is the lot size for this IPO?
The lot size for this IPO is 125 shares.
When does the IPO open and close?
The IPO opens on November 19, 2025, and closes on November 21, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Nov 2025
Close
21 Nov 2025
Allotment
24 Nov 2025
Listing
26 Nov 2025
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