Excelsoft Technologies Ltd. IPO
Excelsoft Technologies IPO
Excelsoft Technologies is launching its Book-Built IPO of Rs. 500 crore, comprising a fresh issue of 1.50 crore shares (Rs. 180 crore) and an OFS of 2.67 crore shares (Rs. 320 crore). The issue opens on 19 November 2025 and closes on 21 November 2025, with allotment scheduled for 24 November 2025 and tentative listing on 26 November 2025 at BSE & NSE. The price band is Rs. 114–120, and the lot size is 125 shares, requiring a retail investment of Rs. 15,000.
For sNII, the minimum investment is Rs. 2,10,000 (1,750 shares), while bNII requires Rs. 10,05,000 (8,375 shares).
Anand Rathi Advisors Ltd. acts as BRLM, and MUFG Intime India Pvt. Ltd. is the Registrar.
🕗 Last Update: 14 November 2025, 6.00 AM
👉 GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Opens on | 19 November 2025 |
| IPO Closes on | 21 Noember 2025 |
| Allotment on | 24 November 2025 |
| Initiation of Refunds | 25 November 2025 |
| Credit of Shares | 25 November 2025 |
| Listing Date | 26 November 2025 |
IPO Key Details
| Particulars | Details |
|---|---|
| IPO Type | Book-Built Issue |
| Sale Type | Fresh Issue + Offer for Sale |
| Total Issue Size | Rs. 500.00 crore |
| Fresh Issue | Rs. 180.00 crore |
| Offer for Sale | Rs. 320.00 crore |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 114-120 |
| Lot Size | 125 Shares |
| Listing At | BSE, NSE |
| Pre-Issue Share Capital | 10,00,84,164 shares |
| Post-Issue Share Capital | 11,50,84,164 Shares |
Investor Reservation
| Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | Rs.15,000 |
| Retail (Max) | 13 | 1,625 | Rs.1,95,000 |
| S-HNI (Min) | 14 | 1,750 | Rs.2,10,000 |
| S-HNI (Max) | 66 | 8,250 | Rs.9,90,000 |
| B-HNI (Min) | 67 | 8,375 | Rs.10,05,000 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 94.60% |
| Promoter Holding Post-Issue | 59.09% |
Promoters:
Pedanta Technologies Pvt. Ltd., Dhananjaya Sudhanva, Lajwanti Sudhanva and Shruthi Sudhanva.
About Excelsoft Technologies Ltd.
Founded in 2000, Excelsoft Technologies Ltd. is a global vertical SaaS company specialising in the learning and assessment segment. It offers AI-powered platforms such as SARAS e-Assessments, EasyProctor, OpenPage, EnablED, and CollegeSparc, catering to educational institutions, publishers, government agencies, and corporates.
The company operates across India, Malaysia, Singapore, the UK, and the USA, serving over 200 organisations and impacting more than 30 million learners worldwide. Prominent clients include Pearson Education, AQA Education, Ascend Learning LLC, and Brigham Young University – Idaho.
Workforce: 1,109 employees as of December 31, 2024.
Product Segments
-
Assessment & Proctoring Solutions: SARAS e-Assessments, EasyProctor
-
Learning Systems: SARAS Learning, OpenPage, EnablED, CollegeSparc
-
K12 & Workforce Platforms: LearnActiv, enterprise learning systems
Financial Snapshot (Rs. crore)
| Period Ended | 30-Jun-25 | 31-Mar-25 | 31-Mar-24 |
| Assets | 478.34 | 470.49 | 421.03 |
| Total Income | 60.28 | 248.8 | 200.7 |
| Profit After Tax | 6.01 | 34.69 | 12.75 |
| EBITDA | 10.18 | 73.26 | 54.97 |
| NET Worth | 375.95 | 371.29 | 297.3 |
| Reserves and Surplus | 274.25 | 269.66 | 295.71 |
| Total Borrowing | 37.82 | 26.59 | 76.73 |
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROE | 10.38 |
| ROCE | 16.11 |
| Debt/Equity | 0.05 |
| RoNW | 10.38 |
| PAT Margin | 14.87% |
| EBITDA Margin | 31.40% |
| Price to Book Value | 3.23 |
| Market Capitalization | Rs.1,381.01 Cr. |
| EPS | 3.47 |
| PE Ratio | 34.62 |
Objects of the Issue
| S.No. | Purpose | Amount (Rs. million) |
|---|---|---|
| 1 | Purchase of land & construction of new building at Mysore property | 719.66 |
| 2 | Upgradation of electrical systems at existing facility, Mysore | 395.11 |
| 3 | Upgradation of IT infrastructure (software, hardware, communication) | 546.35 |
| 4 | General corporate purposes | — |
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Chanakya IPO Review – Excelsoft Technologies Ltd.
Excelsoft Technologies is a two-decade-old SaaS provider in the global learning and assessment space, serving 200+ clients across 5 countries, including Pearson and AQA. FY24 revenue stood at Rs. 200.7 crore with PAT of Rs. 12.75 crore, improving sharply to PAT of Rs. 34.69 crore in FY25, indicating expanding scale and better operating efficiency. Margins remain healthy with EBITDA margin at 31.40% and PAT margin at 14.87%, supported by low leverage (Debt/Equity 0.05).
The IPO values the company at a market cap of Rs. 1,381 crore, implying a P/E of 34.6x and P/BV of 3.23x, which appears moderate for a specialised vertical SaaS player. The fresh issue will fund new campus development at Mysore and major IT infrastructure upgrades, which can further boost profitability over the next 2–3 years.
A strong global clientele, sticky SaaS revenues, and high-margin digital platforms make the company structurally attractive. However, investor appetite will depend on sustained growth momentum and quarterly execution.
Chanakya View: A stable, niche SaaS business with improving metrics. Suitable for medium-term investors; valuations are reasonable. Can Apply with Long-Term Perspective. Detailed Review
Company Contact
Excelsoft Technologies Ltd.
1-B, Hootagalli Industrial Area, Mysuru, Karnataka 570018
📞 +91 821 428 2247
✉ ipo@excelsoftcorp.com
🌐 www.excelsoftcorp.com
Lead Managers
Anand Rathi Advisors Ltd.
Registrar
MUFG Intime India Pvt. Ltd.
📞 +91-22-4918 6270
✉ excelsofttechnologies.ipo@linkintime.co.in
🌐 https://linkintime.co.in/Initial_Offer/public-issues.html
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