Excelsoft Technologies IPO
Bookbuilding IPO | ₹500.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Nov 19, 2025
IPO Close
Fri, Nov 21, 2025
Price Band
₹114.00 to ₹120.00
Market Cap (Pre-IPO)
₹1,381.01 Cr
IPO Details
| IPO Date | Nov 19, 2025 to Nov 21, 2025 |
| Listing Date | Tentative: Nov 26, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹114.00 to ₹120.00 |
| Lot Size | 125 Shares (Minimum: ₹15,000.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹500.00 Crores |
| Total Shares Offered | 41,666,666 shares |
| Fresh Issue | 15,000,000 shares |
| Offer For Sale | 26,666,666 shares |
Excelsoft Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,08,33,333 (50.00%) |
| Retail Shares Offered | 1,45,83,333 (35.00%) |
| NII Shares Offered | 62,50,000 (15.00%) |
Excelsoft Technologies IPO Lot Size
Investors can bid for a minimum of 125 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹15,000 |
| Retail (Max) | 13 | 1,625 | ₹195,000 |
| S-HNI (Min) | 14 | 1,750 | ₹210,000 |
| S-HNI (Max) | 66 | 8,250 | ₹990,000 |
| B-HNI (Min) | 67 | 8,375 | ₹1,005,000 |
Excelsoft Technologies Financial Information (Restated Consolidated)
Excelsoft Technologies Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 172% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | 248.80 | 200.70 | 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 | 297.30 | 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 ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 10.38% |
| ROCE (Return on Capital Employed) | 16.11% |
| Debt/Equity | 0.05 |
| RoNW (Return on Net Worth) | 10.38% |
| PAT Margin (Profit After Tax Margin) | 14.87% |
| EBITDA Margin | 31.40% |
| Price to Book Value | 3.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.47 | 2.09 |
| P/E (x) | 34.62 | 57.46 |
| Promoter Holding | 94.60% | 59.09% |
Company Promoters
- The promoters of the company are Pedanta Technologies Private Limited
- Dhananjaya Sudhanva
- Lajwanti Sudhanva and Shruthi Sudhanva .
Company Overview
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, offer 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 Segments
- 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.
Use of Proceeds
| 1) | Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property. | 61.77 |
| 2) | Funding expenditure for upgradation including external electrical systems of the Existing Facility at Mysore, India. | 39.51 |
| 3) | Funding upgradation of the Company’s IT Infrastructure (Software, Hardware and Communications & Network Services). | 54.64 |
| 4) | General Corporate Purposes. | 8.98 |
Objectives
The Company Excelsoft Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Excelsoft Technologies IPO Peer Comparison
Excelsoft Technologies peer comparison with similar listed entities. (As on March 28, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Excelsoft Technologies Limited | 3.47 | 3.47 | 37.10 | 0.00 | 10.38 | 0.00 | Consolidated |
| Mps Limited | 87.80 | 87.73 | 279.69 | 26.17 | 31.74 | 10.21 | Consolidated |
| Ksolves India Limited | 14.47 | 14.47 | 17.51 | 22.42 | 153.95 | 25.65 | Consolidated |
| Silver Touch Technologies Limited | 17.50 | 17.50 | 105.48 | 41.07 | 18.00 | 6.02 | Consolidated |
| Sasken Technologies Limited | 33.30 | 33.04 | 531.24 | 42.19 | 6.36 | 2.94 | Consolidated |
| Infobeans Technologies Limited | 15.59 | 15.51 | 136.34 | 32.54 | 12.09 | 2.14 | Consolidated |
Quick Info
| Sector | Information Technology (IT) - Software |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹1,381.01 Cr |
Important Dates
| IPO Open | Nov 19, 2025 |
| IPO Close | Nov 21, 2025 |
| Allotment Date | Nov 24, 2025 |
| Credit to Demat | Nov 25, 2025 |
| Listing Date | Tentative: Nov 26, 2025 |
Lead Manager(s)
Anand Rathi Advisors Ltd
Registrar
Description
- Excelsoft Technologies IPO is a book build issue of ₹500.00 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to ₹180.00 crores and offer for sale of 2.67 crore shares aggregating to ₹320.00 crores.
- Excelsoft Technologies IPO bidding started from Nov 19, 2025 and ended on Nov 21, 2025. The allotment for Excelsoft Technologies IPO was finalized on Nov 24, 2025. Excelsoft Technologies IPO will list on BSE, NSE on Nov 26, 2025.
- Excelsoft Technologies IPO price band is set at ₹120.00 per share . The lot size for an application is 125. The minimum amount of investment required by an retail is ₹15,000 (125 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,750 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (8,375 shares), amounting to ₹10,05,000.