Excelsoft Technologies, a Mysuru‑based education technology and SaaS solutions provider, made its much‑anticipated stock market debut today, November 26, 2025. The company listed at ₹135 per share, representing a 12.5% premium over its IPO issue price of ₹120. This performance surprised many analysts, who had predicted only a modest listing based on the grey market premium (GMP) trends in the days leading up to the debut.
The IPO, which raised ₹500 crore, was met with overwhelming investor interest. It was oversubscribed more than 43 times overall, with the Non‑Institutional Investor (NII) category seeing demand nearly 102 times the allotted shares. Such strong subscription figures reflected confidence in Excelsoft’s vertical SaaS business model, which focuses on learning, assessment, and education technology solutions for institutions worldwide.
Despite the robust subscription, market watchers had expected a subdued listing. The GMP had fallen sharply to around ₹5 per share, signaling only a 4% premium over the issue price. However, Excelsoft’s actual listing at ₹135 defied those expectations, showing that investor sentiment remained stronger than the grey market indicated.
In early trading, the stock experienced some volatility, dipping slightly below the listing price as traders booked quick profits. This is typical of new listings, where short‑term fluctuations often occur before the stock stabilizes. Long‑term investors, however, appear optimistic about the company’s growth prospects, given its established presence in the ed‑tech sector and expanding global footprint.
Excelsoft Technologies has built a reputation for delivering scalable learning and assessment platforms to universities, schools, and corporate clients. With education technology continuing to grow worldwide, the company is well‑positioned to capitalize on rising demand for digital learning solutions. The IPO proceeds are expected to be used for business expansion, product development, and strengthening its technology infrastructure.
The debut also highlights a broader trend in India’s markets: investor appetite for SaaS and technology‑driven companies remains strong, even amid volatile conditions. Excelsoft’s oversubscription and better‑than‑expected listing premium suggest that investors are willing to bet on niche technology firms with proven track records.
