The primary market activity continues to build momentum as Excelsoft Technologies launches its highly anticipated ₹500 crore Initial Public Offering (IPO). With strong interest from institutional and retail investors alike, the issue represents another prominent technology-sector listing in 2025. The IPO is a book-built issue, offering price discovery through market-driven bidding within a predefined price band.

The issue consists of two major components: a fresh issue of shares valued at ₹180 crore, which will directly raise capital for the company, and an Offer for Sale (OFS) worth ₹320 crore, enabling existing shareholders to partially exit their holdings. This balanced structure ensures both capital infusion and liquidity without drastically diluting ownership stakes.

IPO Structure: Fresh Issue + OFS

The fresh issue includes the issuance of 1.50 crore new shares, contributing to the company’s growth capital. These proceeds are likely aimed at strengthening working capital, enhancing product development cycles, expanding global market presence, and improving organizational infrastructure.

On the other hand, the Offer for Sale includes 2.67 crore shares offloaded by existing investors, collectively amounting to ₹320 crore. The OFS does not benefit the company directly in terms of capital infusion but allows early investors or promoters to unlock value.

This combined structure of fresh equity and OFS gives the IPO a balanced approach, appealing to investors who want exposure to a tech-driven enterprise with established products and a growing global footprint.

Subscription Window and Key Dates

The bidding window for Excelsoft Technologies IPO opens on November 19, 2025, and closes on November 21, 2025. Investors will have three days to place bids within the price band.

Key events include:

• IPO Open Date: November 19, 2025

• IPO Close Date: November 21, 2025

• Basis of Allotment: November 24, 2025

• Refunds Initiated: Shortly after allotment

• Credit of Shares into Demat: Expected on or before November 25, 2025

• Tentative Listing Date: November 26, 2025

• Exchanges: BSE and NSE

These timelines position Excelsoft Technologies for a smooth transition into the equity markets, supported by robust demand and sectoral optimism.

Price Band and Lot Size

The company has set the price band at ₹114 to ₹120 per share, a range meant to balance investor interest with fair valuation. The minimum bid lot size is 125 shares, making the entry-level investment for retail investors approximately ₹15,000 (at upper price band).

Breakdown of investment requirements:

Retail Investors

• 1 lot = 125 shares

• Cost = ₹15,000 (upper band)

Small Non-Institutional Investors (sNII)

• 14 lots = 1,750 shares

• Investment = ₹2,10,000

Big Non-Institutional Investors (bNII)

• 67 lots = 8,375 shares

• Investment = ₹10,05,000

The clear segmentation ensures broad participation across categories—retail, HNIs, and institutional segments.

Market Context and What the IPO Indicates

Excelsoft Technologies enters the market at a time when the Indian tech ecosystem is undergoing rapid transformation. With the digitization of industries, the rise of SaaS solutions, and the push for global software exports, investors are finding value in companies that can scale internationally while innovating in niche domains.

The company’s IPO timing reflects confidence not only in its internal financial performance but also a broader belief in India’s technology-driven economic trajectory. The 2025 IPO season has already seen strong investor participation in tech and fintech companies, making Excelsoft's entry both strategic and timely.

Investor Interest: What Makes Excelsoft Technologies Appealing?

Although the detailed financial metrics, growth numbers, and business model specifics are not included in the provided text, the structural strength of the IPO itself offers key insights into investor appetite:

1. Balanced Capital Structure

The mix of fresh issue + OFS provides both capital infusion and exit opportunity—ideal for valuation stability.

2. Attractive Price Band

At ₹114–₹120, the pricing is set at levels accessible to retail investors, potentially boosting oversubscription in retail category.

3. Strong Demand from NIIs and Institutions Expected

The lot sizes for sNII and bNII categories suggest structured participation from high-net-worth and institutional investors.

4. Listing on Both BSE and NSE

Dual listing increases liquidity, visibility, and investor trust.

5. Timely Entry into Capital Markets

Amid rising global interest in Indian tech equities, the IPO is well positioned for positive market sentiment.

Allotment and Listing Outlook

The basis of allotment is scheduled for November 24, two days after the subscription window closes. The quick turnaround indicates streamlined processes supported by modernized digital allotment mechanisms.

The company aims to list on November 26, 2025, on both the BSE and NSE, marking its official entry into public capital markets. Listing day performance will depend on:

• Subscription levels

• Market mood

• Peer sector valuations

• Pre-listing grey market premium (GMP) trends

While this content does not include GMP data, the IPO’s structure and pricing indicate potential for healthy listing interest if market conditions remain stable.

Retail Participation: A Closer Look

For retail investors, the ₹15,000 entry point makes the IPO appealing and accessible. The tech sector remains one of the most favored categories for long-term investment, driven by:

• High scalability

• Recurring revenue models

• Strong export potential

• Digital transformation globally

If the company demonstrates strong financial fundamentals, retail investors may view the IPO as a medium-to-long term opportunity beyond listing gains.

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