Introduction – Excelsoft Technologies IPO
The Excelsoft Technologies IPO is one of the most awaited tech-sector offerings of 2025, especially in the booming digital learning and assessment ecosystem. As global demand surges for AI-driven learning solutions, scalable assessment platforms, and enterprise-grade digital education systems, investors are closely tracking this fresh public issue.
If you follow regular IPO updates on OneDemat’s IPO Analysis Section, you already know how vibrant the 2025 IPO pipeline is. Among them, the Excelsoft Technologies IPO stands out due to its strong fundamentals, global clientele, and impressive profitability jump in FY25.
This book-built IPO aims to raise ₹500 crore, combining fresh equity and an offer for sale (OFS). With products spanning learning management, digital assessments, eBooks, online proctoring, and student success platforms, Excelsoft has built a global footprint across India, the US, the UK, Malaysia, and Singapore.
For investors tracking market sentiment through OneDemat’s Daily Market Insight and Premarket Update, the upcoming Excelsoft Technologies IPO adds a high-growth SaaS opportunity to the 2025 lineup. You can also explore what’s coming next in our Upcoming IPOs 2025 list.
This review will break down the Excelsoft Technologies IPO in a simple, data-backed way so you can make an informed investment decision.
Excelsoft Technologies IPO Overview
The Excelsoft Technologies IPO aims to raise ₹500 crore, where ₹180 crore comes from the fresh issue—primarily dedicated to infrastructure expansion, IT upgrades, and corporate purposes—while ₹320 crore will be offloaded through the offer for sale (OFS).
Investors looking for a complete regulatory reference can check the official RHP here and DRHP here.
Excelsoft Technologies IPO Details
Below is the complete breakdown of the Excelsoft Technologies IPO structure:
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | November 19–21, 2025 |
| Listing Date | To be announced (Tentatively Nov 26, 2025) |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 – ₹120 |
| Lot Size | 125 Shares |
| Sale Type | Fresh Issue + OFS |
| Total Issue Size | 4,16,66,666 shares (₹500 Cr) |
| Fresh Issue | 1.5 Cr shares (₹180 Cr) |
| Offer for Sale | 2.66 Cr shares (₹320 Cr) |
| Issue Type | Book-built IPO |
| Listing At | BSE & NSE |
| Pre-Issue Shareholding | 10,00,84,164 shares |
| Post-Issue Shareholding | 11,50,84,164 shares |
| Lead Manager | Anand Rathi Advisors Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. (Allotment Status) |
Reservation Structure:
| Category | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
Excelsoft Technologies IPO Timeline
The timeline for the Excelsoft Technologies IPO is short and streamlined, making it ideal for active retail traders.
IPO Schedule Table
| Event | Date |
|---|---|
| IPO Open Date | Wed, Nov 19, 2025 |
| IPO Close Date | Fri, Nov 21, 2025 |
| Allotment Finalization | Mon, Nov 24, 2025 |
| Refund Initiation | Tue, Nov 25, 2025 |
| Demat Share Credit | Tue, Nov 25, 2025 |
| Tentative Listing Date | Wed, Nov 26, 2025 |
| UPI Mandate Deadline | 5 PM, Nov 21, 2025 |
Use of IPO Proceeds – Excelsoft Technologies IPO
The company will utilize funds raised from the Excelsoft Technologies IPO fresh issue for the following objectives:
- Construction of a new building and land purchase at Mysore property
- Upgradation of existing facility infrastructure, including external electrical systems
- Strengthening IT infrastructure (software, hardware, networking systems)
- General corporate purposes
Estimated Proceeds Allocation (₹ Millions):
| Purpose | Amount (₹ Mn) |
|---|---|
| New land + building construction | 719.66 |
| Upgradation of Mysore facility | 395.11 |
| IT infra enhancement | 546.35 |
| General Corporate Purposes | Remaining funds |
Company Overview – Excelsoft Technologies Ltd.
Founded in 2000, Excelsoft Technologies is a global vertical SaaS company offering AI-powered learning and assessment platforms. The company’s digital learning ecosystem powers over 30 million learners across universities, governments, corporations, and ed-tech providers.
Its flagship platforms include:
- SARAS LMS & SARAS e-Assessments
- EasyProctor (AI-based remote proctoring)
- OpenPage digital books
- EnablED LXP
- CollegeSparc
- LearnActiv (K-12 platform)
The company boasts a strong international presence with operations in:
- India
- USA
- UK
- Malaysia
- Singapore
Excelsoft works with 200+ global clients, including Pearson, AQA, Brigham Young University, NxGen Asia and several government education bodies.
With 1,118 employees as of June 30, 2025, the company maintains deep capabilities in engineering, product development, and large-scale digital education deployments.
The strong brand equity and domain expertise create a powerful narrative for the Excelsoft Technologies IPO, especially at a time when digital learning and evaluation platforms are gaining massive traction globally.
Financial Performance – Excelsoft Technologies IPO
Excelsoft has demonstrated strong and consistent growth over the past three financial years, with FY25 showing a sharp rise in profitability. Investors analysing the Excelsoft Technologies IPO should note the combination of rising revenue, improved margins, and a significant reduction in debt — a strong trio for a SaaS-driven digital learning company.
Key Financial Summary (₹ in Cr)
| Particulars | Jun 30 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Assets | 478.34 | 470.49 | 421.03 | 436.13 |
| Total Income | 60.28 | 248.80 | 200.70 | 197.97 |
| PAT | 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 | 274.25 | 269.66 | 295.71 | 276.48 |
| Total Borrowing | 37.82 | 26.59 | 76.73 | 118.09 |
Overall, the Excelsoft Technologies IPO comes with a business that has delivered a 24% revenue growth and 172% PAT growth in FY25 — a major boost to investor sentiment.
Key Financial Ratios – Excelsoft Technologies IPO
| KPI | FY25 Values |
|---|---|
| ROE | 10.38% |
| ROCE | 16.11% |
| Debt/Equity | 0.05 |
| RoNW | 10.38% |
| PAT Margin | 14.87% |
| EBITDA Margin | 31.40% |
The standout metric for the Excelsoft Technologies IPO is its low leverage (0.05 D/E) and strong operating margins above 30%.
Valuation & Peer Comparison – Excelsoft Technologies IPO
Valuation is a key focus for investors evaluating the Excelsoft Technologies IPO, particularly given its vertical SaaS positioning and strong margin profile.
Excelsoft Technologies IPO Valuation
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 3.47 | 2.09 |
| P/E (x) | 34.62 | 57.46 |
| Price / Book Value | — | 3.23 |
| Market Cap | — | ₹1,381.01 Cr |
At the upper price band, the Excelsoft Technologies IPO appears moderately priced compared to SaaS peers but slightly on the higher side relative to traditional IT services companies. The premium is justified by its deep industry niche, global clientele and high stickiness of its platforms.
Excelsoft Technologies IPO Peer Comparison
(As of March 28, 2025)
| Company | EPS | NAV (₹) | P/E (x) | RoNW (%) | P/BV | Type |
|---|---|---|---|---|---|---|
| Excelsoft Technologies | 3.47 | 37.10 | 57.46 | 10.38 | 3.23 | Consolidated |
| MPS Ltd. | 87.80 | 279.69 | 26.17 | 31.74 | 10.21 | Consolidated |
| Ksolves India | 14.47 | 17.51 | 22.42 | 153.95 | 25.65 | Consolidated |
| Silver Touch | 17.50 | 105.48 | 41.07 | 18.00 | 6.02 | Consolidated |
| Sasken Technologies | 33.30 | 531.24 | 42.19 | 6.36 | 2.94 | Consolidated |
| Infobeans Tech | 15.59 | 136.34 | 32.54 | 12.09 | 2.14 | Consolidated |
In comparison, the Excelsoft Technologies IPO is positioned as a niche player in the global learning ecosystem rather than a generic IT services peer.
Strengths & Risks – Excelsoft Technologies IPO
A balanced look at strengths and risks allows investors to gauge long-term potential.
| Strengths | Risks |
|---|---|
| Strong global SaaS portfolio across learning & assessments | High client concentration in global education markets |
| 200+ enterprise clients including Pearson, AQA, government bodies | Revenue may fluctuate with institutional budgeting cycles |
| 30M+ learners serviced; high product stickiness | Seasonality in education-sector IT demand |
| Robust margins and low debt | Competitive pressure from EdTech & SaaS giants |
| Experienced promoters & leadership | Forex fluctuations due to global operations |
| Expanding infrastructure and IT capabilities funded by IPO | Heavy reliance on continuous tech innovation |
The Excelsoft Technologies IPO offers more strengths than risks, particularly for long-term SaaS investors.
Grey Market Premium (GMP) & Listing Sentiment – Excelsoft Technologies IPO
Excelsoft Technologies IPO GMP Update
| GMP Date | IPO Price | GMP | Sub2 Sauda | Est. Listing Price | Profit |
|---|---|---|---|---|---|
| 17-11-2025 | ₹120 | ₹20 (No Change) | 1900/26600 | ~₹140 | ~₹2,500 |
A GMP of ₹20 indicates mildly positive sentiment for the Excelsoft Technologies IPO, suggesting a listing premium of around 16%–18%.
Listing Day Expectations
If broader markets remain stable and FIIs maintain inflows (track via Daily Market Summary), the Excelsoft Technologies IPO is likely to list at:
- ₹138 – ₹145 range
- Driven by strong margins, global clientele and lightweight debt structure
- Higher subscription expected from NIIs and retail
Conclusion – Final Verdict on Excelsoft Technologies IPO
The Excelsoft Technologies IPO presents a well-balanced opportunity for investors looking at a niche, globally relevant SaaS player in the learning and assessment space. With robust FY25 earnings, strong margins, diversified international presence, and rising demand for AI-powered digital education systems, the fundamentals look promising.
However, the valuation is slightly premium, which is typical for vertical SaaS companies with high predictability and long-term contracts. Short-term investors may see moderate listing gains, while long-term investors could benefit from structural growth in global digital learning adoption.
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Excelsoft Technologies IPO – FAQs
1) What is the Excelsoft Technologies IPO?
A ₹500 crore book-built IPO with a mix of fresh issue and OFS. The company provides SaaS-based learning, assessment, and proctoring solutions.
2) What are the Excelsoft Technologies IPO dates?
Opens 19 Nov 2025, closes 21 Nov 2025.
3) What is the price band and lot size?
Price band: ₹114–₹120
Lot size: 125 shares (₹15,000 at upper band).
4) What is the Excelsoft IPO listing date?
Tentative listing on 26 Nov 2025 on BSE & NSE.
5) How much money is being raised?
Total issue size is ₹500 crore, including ₹180 crore fresh issue and ₹320 crore OFS.
6) Who is the registrar for the IPO?
MUFG Intime India Pvt Ltd.
7) What are Excelsoft Technologies’ key strengths?
Strong SaaS products, global clients, high margins, and steady revenue growth.
8) What are the major risks?
Client concentration, competition from global SaaS players, and technology upgrades.
9) What is the Grey Market Premium (GMP)?
Latest GMP trend indicates around ₹20—unofficial and may change daily.
10) How to apply for Excelsoft IPO?
Apply through UPI/ASBA using your broker app (Zerodha, Groww, Upstox, etc.) or via net-banking ASBA.
11) How to check allotment status?
Allotment can be checked on the registrar’s website (MUFG Intime) or through your broker app after 24 Nov 2025.
12) Is Excelsoft Technologies IPO good to apply?
The company has solid fundamentals and good margins, but valuation and subscription trends should be reviewed before applying.
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