Excelsoft Technologies IPO Day 3: Issue Booked 13.62x So Far

Global vertical SaaS company Excelsoft Technologies opened its Initial Public Offering (IPO) on November 19, 2025. The Company enters its final day of bidding today, on November 21, 2025. The basis of allotment for Excelsoft Technologies IPO will be finalised on November 24, 2025, and the tentative listing date on BSE and NSE is November 26, 2025.

Excelsoft Technologies IPO Details

Excelsoft Technologies' IPO is a book-building issue of ₹500 crores, comprising a fresh issue of ₹180 crores and an offer-for-sale of ₹320 crores by promoter Pedanta Technologies Private Limited.

The price band is set between ₹114 and ₹120 per share. The lot size for an application is 125, and the minimum investment amount for retail investors is ₹15,000 (125 shares) based on the upper price. Anand Rathi Advisors Ltd. is the book-running lead manager, and MUFG Intime India Pvt.Ltd is the registrar of the issue.

Utilisation of Proceeds

The net proceeds from the fresh will be used towards the following purposes:

1. Funding capital expenditure towards the purchase of land and construction of a new building located in the Mysore District.
2. Upgrading external electrical systems at the existing facility.
3. Upgrading the Company’s IT Infrastructure.
4. General corporate purposes.

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