By: Express Web DeskUpdated: November 19, 2025 08:57 AM IST 3 min readExcelsoft Technologies IPO today: After PhysicsWallah debuted the bourses on Wednesday, another player in the edtech space is preparing to enter the primary market. The Dhananjaya Sudhanva-founded Excelsoft Technologies is looking to raise Rs 500 crore through its initial public offering, with subscriptions opening on November 19 and closing on November 21. The company is positioning its public issue as a vertical SaaS and edtech-led growth opportunity.Excelsoft Technologies IPO: Price band and issue detailsThe company has fixed the price band at Rs 114-120 per share. The issue consists of a fresh allotment of 1.50 crore shares worth Rs 180 crore and an offer for sale (OFS) of 2.67 crore shares, totalling Rs 320 crore.ALSO READ | IPOs becoming exit vehicles for early investors, rather than tool for raising long-term capital, says CEA NageswaranExcelsoft Technologies IPO: GMP trendThe stock’s grey market premium has softened over the past four sessions. It currently stands at Rs 135 (12.5% premium), compared with around 25% just four days ago, as per InvestorGain. Investors should note that GMP figures do not reliably indicate the eventual listing price, as grey market trades take place outside legal channels.The IPO allotment is expected to be finalised on November 24, with the company likely to make its market debut on the BSE and NSE on November 26, according to the tentative timeline.Excelsoft Technologies IPO: Lot sizeThe minimum retail subscription floor is one lot of 125 shares, which amounts to Rs 15,000. For small NIIs, the minimum bid is 14 lots (1,750 shares) worth Rs 2 lakh. Large NIIs need to bid for 67 lots, or 8,375 shares, translating to an investment of Rs 10 lakh.Excelsoft Technologies IPO: Book runner and registrarAnand Rathi Advisors is serving as the book-running lead manager, while MUFG Intime India is the registrar for the issue. The bidding window will close on November 21, as per the company’s DRHP.Reliance Securities, in its IPO note, said the company’s plan to strengthen its infrastructure along with investments in AI and LLMs gives it meaningful growth potential. However, it added that long-term value will depend on execution—expanding global operations, advancing AI-led product development, and managing capital expenditure. The brokerage has assigned a “Subscribe” rating to the IPO.Story continues below this adFounded in 2000, Excelsoft is a global vertical SaaS provider catering to the learning and assessment segment. Its offerings include AI-backed applications, assessment and testing platforms, online proctoring tools, learning experience platforms, student success platforms, and digital eBook solutions.Its SARAS LMS suite, featuring the EnablED LXP and OpenPage digital books, delivers customised learning solutions for both educational institutions and corporate clients, supporting their training, development, and learning needs.© IE Online Media Services Pvt LtdTags:IPOIPO market