Get App
Excelsoft Technologies IPO is a bookbuilt issue of ₹500.00 crore. It combines a fresh issue of 1.50 crore shares aggregating to ₹180.00 crore and an offer for sale of 2.67 crore shares aggregating to ₹320.00 crore.
The IPO opens for subscription on November 19, 2025, and closes on November 21, 2025. The allotment is expected to be finalized on Monday, November 24, 2025. The price band for the IPO is set at ₹114 to ₹120 per share, and the minimum lot size for an application is 125 shares.
Company Summary
Founded in 2000, Excelsoft Technologies Limited is a global vertical SaaS company specialising in the learning and assessment market. The company provides AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms.
The company’s SARAS LMS, including EnablED LXP and OpenPage digital books, offers tailored learning support for academic institutions and corporations, addressing their training, learning, and development needs.
Excelsoft serves a diverse range of clients, including educational publishers, universities, schools, government agencies, defence organisations, and businesses.
With operations in India, Malaysia, Singapore, the UK, and the USA, the company collaborates with over 200 organisations and impacts more than 30 million learners worldwide.
Some of its prominent and long-standing clients include Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO, and more.
As of June 30, 2025, Excelsoft has a team of 1,118 employees.
Product Portfolio
- Assessment & Proctoring Solutions
- SARAS e-Assessments
- EasyProctor
- Learning & Student Success Systems
- SARAS Learning Solutions
- OpenPage
- EnablED
- CollegeSparc
- LearnActiv – K12 Learning Solutions
Company Strengths
- Expertise in product engineering, development, and implementation across assessments, digital learning & information management systems with robust product capabilities.
- Long-term relationships with global customers.
- Expertise in delivering fully compliant digital learning and assessment solutions to clients globally.
- Flexibility to work with diversified technologies to provide the right-fit solution, driven by agile methodologies.
- Robust Operating Parameters.
- Experienced Management Team and Promoters with expertise in developing products.
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 478.34 | 470.49 | 421.03 | 436.13 |
| Total Income | 60.28 | 248.8 | 200.7 | 197.97 |
| Profit After Tax | 6.01 | 34.69 | 12.75 | 22.41 |
| EBITDA | 10.18 | 73.26 | 54.97 | 68.18 |
| Net Worth | 375.95 | 371.29 | 297.3 | 278.08 |
| Reserves and Surplus | 274.25 | 269.66 | 295.71 | 276.48 |
| Total Borrowing | 37.82 | 26.59 | 76.73 | 118.09 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Funding of capital expenditure for the purchase of land and construction of a new building at the Mysore Property.
- Funding expenditure for upgradation, including external electrical systems of our Existing Facility at Mysore, India.
- Funding upgradation of our Company’s IT Infrastructure (Software, Hardware, and Communications & Network Services).
- General Corporate Purposes.
Promoters of the company
The promoters of the company are Pedanta Technologies Private Limited, Dhananjaya Sudhanva, Lajwanti Sudhanva, and Shruthi Sudhanva.
IPO Details
| IPO Date | November 19, 2025, to November 21, 2025 |
| Listing Date | November 26, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹120 per share |
| Lot size | 125 shares |
| Total Issue size | 4,16,66,666 shares (aggregating upto ₹500.00 Cr ) |
| Fresh Issue | 1,50,00,000 shares (aggregating upto ₹180.00 Cr ) |
| Offer for Sale | 2,66,66,666 shares of ₹10 (aggregating upto ₹320.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 10,00,84,164 shares |
| Share Holding Post Issue | 11,50,84,164 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 125 | ₹15,000.00 |
| Retail (Max) | 13 | 1,625 | ₹1,95,000.00 |
| S-HNI (Min) | 14 | 1,750 | ₹2,10,000.00 |
| S-HNI (Max) | 66 | 8,250 | ₹9,90,000.00 |
| B-HNI (Min) | 67 | 8,375 | ₹10,05,000.00 |
Allotment Schedule
| Basis of Allotment | Mon, 24 Nov, 2025 |
| Initiation of Refunds | Tue, 25 Nov, 2025 |
| Credit of Shares to Demat | Tue, 25 Nov, 2025 |
| Tentative Listing Date | Wed, 26 Nov, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 21, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Source – SEBI, Chittorgarh
Download NOVO App!
Invest in Zero-commission Direct Mutual funds, IPO, Sovereign Gold bonds, Government bills, and Corporate bonds.
