The initial public offering (IPO) of Excelsoft Technologies, a leading SaaS-based learning and assessment solutions provider, has captured investor attention with robust subscription numbers and a healthy grey market premium (GMP).
According to market observers, the IPO is commanding a GMP of ₹14–15, indicating that shares may list at around ₹134, a gain of approximately 11–12% over the upper price band of ₹120.
Subscription Frenzy:
- The IPO was oversubscribed nearly 23 times on its final day.
- Retail investors bid 11.87 times their allotted quota.
- Non-institutional investors (NIIs) showed the strongest interest, subscribing 68.42 times.
- Qualified institutional buyers (QIBs) also participated actively, with 8.68 times subscription.
Issue Details:
- Price Band: ₹114–₹120 per share
- IPO Size: ₹500 crore (₹180 crore fresh issue + ₹320 crore offer for sale)
- Lot Size: 125 shares per lot
- Anchor Investment: ₹150 crore raised ahead of the IPO
- Listing Date: November 26, 2025
Market Sentiment:
Analysts note that the strong oversubscription reflects investor confidence in Excelsoft’s digital learning and assessment platforms, which have gained traction globally. The GMP suggests moderate listing gains, though experts caution that grey market trends are unofficial and volatile.
