Excelsoft Technologies is set to debut on the Indian stock exchanges today, 26 November 2025, with its equity shares listing on both the BSE and NSE. The company’s IPO received strong subscription interest, but the grey market premium (GMP) ahead of listing suggests that the stock may see only a mild premium at debut.
The mainboard IPO was open for bidding from 19 to 21 November, with allotments finalized on 24 November. According to a notice issued by the BSE, Excelsoft Technologies will be listed under the ‘B’ Group of Securities and will participate in the Special Pre-open Session (SPOS) from 10:00 am today.
Excelsoft Technologies IPO GMP Today
The stock is showing a subdued trend in the unlisted market. As per market trackers, the IPO’s grey market premium stands at ₹7 per share, indicating that the stock is trading marginally above its issue price of ₹120 in the unofficial market.
Estimated Listing Price
Based on the current GMP, Excelsoft Technologies shares are expected to list around ₹127 apiece, reflecting an approximate 6% premium over the issue price. Market analysts anticipate a modest listing gain.
IPO Subscription & Details
Subscription window: 19–21 November 2025
Allotment date: 24 November 2025
Listing date: 26 November 2025
Price band: ₹120 per share
Issue size: ₹500 crore
Fresh issue: ₹180 crore (1.50 crore shares)
OFS: ₹320 crore (2.67 crore shares)
The IPO was subscribed 43.19 times overall, driven by strong demand from non-institutional investors (101.69x) and qualified institutional buyers (47.55x). Retail investor participation stood at 15.62 times.
Anand Rathi Advisors Ltd served as the book-running lead manager, while MUFG Intime India acted as the registrar.
