Excelsoft Technologies IPO Debuts at 12.5% Premium
Excelsoft Technologies has made a significant mark in the Indian stock market with its recent IPO debut. On November 26, the company's shares opened at Rs 135 each on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), which is a notable 12.5% premium over its issue price of Rs 120. This strong listing reflects the high demand and confidence among investors in the tech sector.
The IPO was open for subscription from November 19 to 21 and garnered an impressive overall subscription rate of 45.46 times by the final day. Retail investors showed substantial interest, with their subscriptions reaching 16.44 times. Meanwhile, the non-institutional investor (NII) category surged to an astonishing 107.04 times, and qualified institutional buyers (QIBs) subscribed 50.06 times. This indicates a robust appetite for shares among various investor segments.
Excelsoft's IPO had a total issue size of Rs 500 crore, which included a fresh issue of 1.50 crore shares worth Rs 180 crore and an offer for sale of 2.67 crore shares amounting to Rs 320 crore. Investors were required to bid for a minimum lot of 125 shares, translating to an initial investment of Rs 15,000.
The proceeds from the IPO will be utilized for various purposes, including capital expenditure on a new building at the company’s Mysore campus, upgrades to external electrical and IT systems, and other general corporate requirements. This strategic allocation of funds is expected to enhance the company's operational efficiency and growth potential.
Before going public, Excelsoft raised Rs 150 crore from anchor investors on November 18, 2025. The listing not only exceeded market expectations but also demonstrated the company’s strong fundamentals and growth prospects. Analysts and investors alike are optimistic about the future of Excelsoft Technologies, viewing this IPO as a positive indicator for the technology sector's performance in the Indian market.
In conclusion, Excelsoft Technologies' successful entry into the stock market is a promising development, and it signifies a growing interest in technology-focused investments in India. With the right strategic investments and a clear vision for growth, Excelsoft is positioned well for future success.
