Excelsoft Technologies IPO Allotment has been finalised today, November 24, 2025, bringing an end to investor anticipation after the issue saw a strong 45.46x subscription. Applicants can now check their allotment status online through the BSE website or the registrar MUFG Intime India.
The ₹500-crore public issue—comprising ₹180 crore fresh equity and a ₹320 crore OFS component—closed on 21 November and will list on November 26 on both NSE and BSE. The price band was set at ₹114–120 per share, and the IPO continues to show moderate optimism in the unlisted market, with a GMP of 6.67% as per market observers.
Strong SaaS Fundamentals Driving Investor Interest
Excelsoft Technologies, founded in 2000 and headquartered in Mysore, operates as a global vertical SaaS provider in the education and assessment technology space. Its flagship SARAS suite powers:
AI-driven learning and assessment platforms
Online and remote proctoring
Learning experience and student success platforms
Digital eBook and content distribution solutions
The company’s deep integration with global education bodies, certification agencies, corporate organisations, and government clients ensures stable recurring revenues and long-term multi-year contracts.
AI, ML & LLM Capabilities Strengthen Market Position
Excelsoft leverages Artificial Intelligence (AI), Machine Learning (ML), and Large Language Models (LLMs) to enhance:
Content creation
Test design automation
Language processing
Adaptive assessments
Data-led proctoring and evaluation
These capabilities are expected to boost operating efficiency and widen the company’s global footprint—key reasons the IPO drew interest from institutional and retail investors.
Promoter Holding & Financial Strategy
Promoters collectively held around 10 crore shares pre-IPO and will retain majority ownership post-listing despite dilution through the fresh issue. The proceeds from the fresh equity will be deployed towards:
Capacity expansion
IT infrastructure modernisation at Mysore
This is expected to support the company’s next phase of product innovation and global scale-up.
How to Check Excelsoft IPO Allotment Status
Via BSE:
Visit the BSE IPO allotment page
Select Equity under Issue Type
Choose Excelsoft Technologies IPO
Enter Application Number or PAN
Complete the captcha and click Search
Refunds for non-allottees and credit of shares to demat accounts will begin shortly after finalisation.
What to Expect on Listing Day
Though the GMP signals a modest listing premium, analysts believe Excelsoft’s strong SaaS DNA, sticky global clientele, and AI-driven assessment technologies could enable a stable post-listing performance, especially in the institutional segment.
The listing is scheduled for November 26, and all eyes will be on whether the stock can deliver a sustained listing pop in a volatile tech market.
