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Excelsoft Technologies IPO: 2025 – Full Detailed Report | Price Band, GMP, Dates, Financials, Strengths, Risks, Market Impact & Retail Strategy

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Excelsoft Technologies IPO

Excelsoft Technologies IPO| Excelsoft Technologies Ltd IPO| Excelsoft IPO price band| Excelsoft IPO dates| Excelsoft Technologies financials| Excelsoft SaaS IPO| Edu-tech IPO India

Excelsoft Technologies Ltd, a Mysuru-based global SaaS and EdTech company, is coming out with a ₹500 crore IPO. The company is known for its specialized platforms in learning solutions, online assessments, digital content management, and enterprise-level education technology.

With a strong presence in over 19 countries and clients across education, government, publishers, corporates, and certification bodies, this IPO is attracting attention due to its niche positioning in the EdTech SaaS space, a sector expected to see strong long-term growth.

The IPO consists of a Fresh Issue of ₹180 crore and an Offer for Sale (OFS) of ₹320 crore.

📅 Excelsoft Technologies IPO Dates

EventDate
IPO Opening Date19 November 2025
IPO Closing Date21 November 2025
Allotment24 November 2025
Refund Initiation25 November 2025
Share Credit to Demat25 November 2025
Listing Date26 November 2025

💰 Price Band, Lot Size & Issue Structure

Price Band

  • ₹114 – ₹120 per share

Lot Size

  • 1 lot = 125 shares
  • Minimum Retail Investment: ~₹15,000
  • Maximum Retail Investment: 13 lots = ~₹1.95 lakh

Issue Structure

  • QIB: 50%
  • NII: 15%
  • Retail: 35%

Issue Components

ComponentAmount
Fresh Issue₹180 crore
Offer for Sale₹320 crore
Total Issue Size₹500 crore

🏢 Company Overview – Excelsoft Technologies Ltd

Founded in 2000, Excelsoft Technologies is a specialised vertical SaaS provider in learning, assessments, and digital academic workflows.

Core Offerings

  • 🔹 Learning Management Systems (LMS)
  • 🔹 Online examination & proctoring solutions
  • 🔹 Digital content creation & distribution platforms
  • 🔹 Assessment engines used by universities and certification boards
  • 🔹 Integrated digital education & e-learning ecosystems

Client Footprint

  • 76 clients across 19 countries
  • Serving:
    • Universities
    • Government certification authorities
    • Large global publishing houses
    • Corporate L&D divisions
    • Skill development councils

Promoters

  • Pedanta Technologies Private Limited
  • Dhananjaya Sudhanva
  • Lajwanti Sudhanva
  • Shruthi Sudhanva

Excelsoft has a strong export-driven model, with international contracts contributing a significant share of revenues.

📊 Financial Performance – Strong Growth Momentum

Below is a clean summary of the company’s last two years’ standalone financial performance:

Revenue & Profit Growth

ParticularsFY24FY25
Revenue₹200.7 crore₹248.8 crore
PAT₹12.7 crore₹34.6 crore
EPS₹1.27₹3.47
Net Worth₹356 crore₹372 crore
RoNW—~10.38%
Debt-Equity~0.05~0.05

Key Takeaways

  • FY25 profit jumped ~170% YoY, showing strong operational improvement.
  • Revenue growth remains steady, driven by increasing global contracts.
  • The company is nearly debt-free, indicating strong financial discipline.
  • EPS and margins have significantly improved, hinting at economies of scale.

Lesson 8: The Four Faces of the Stock Market

Lesson 7: Market Indices – Sensex, Nifty & Sectoral Indices Explained

🎯 Objects of the IPO (Use of Funds)

The company plans to utilise fresh issue proceeds for:

🏗️ 1. Expansion of Mysuru Facility

  • Purchase of new land
  • Construction of a new development centre

🔌 2. Upgradation of Existing Infrastructure

  • Electrical systems
  • Internal development environment
  • Network and communication enhancements

💻 3. IT Infrastructure Modernisation

  • Software upgrades
  • Server and cloud systems
  • High-performance computing and security tools

🏢 4. General Corporate Purposes

This ensures the company is preparing for scale, global expansion, and higher client load.

📌 Industry Overview – Why This IPO Matters

Excelsoft operates in the global learning & assessment technology space, which is growing rapidly due to:

  • Rising adoption of digital learning in universities
  • Mandatory online assessment policies
  • Professional certification exam demand
  • Remote work and corporate upskilling
  • EdTech exports from India gaining traction

With competitors limited in its niche, Excelsoft benefits from:

  • Entry barriers (advanced tech, long development cycles)
  • Sticky clients with long-term contracts
  • High switching costs

This positions the company strongly for the next 5–10 years.

⭐ Strengths of Excelsoft Technologies

1. Strong global presence

Revenue comes from clients across 19 countries, reducing dependence on any one market.

2. High entry barrier business

Learning and assessment technologies require:

  • Long product development cycles
  • Deep domain knowledge
  • Reliability & accuracy
    This makes Excelsoft’s position defensible.

3. Robust financial growth

  • PAT has nearly tripled YoY
  • Debt-light balance sheet
  • Positive operating cashflows

4. Diversified product suite

A rare company with LMS + assessment + proctoring + content creation tools under one ecosystem.

5. Sticky long-term clients

Universities and certification bodies do not switch vendors easily.

⚠️ Risks & Concerns (You must mention in report)

1. OFS is large

A ₹320 crore OFS means existing shareholders are exiting partially — market may read this cautiously.

2. Valuation is on the higher side

At the upper price of ₹120:

  • PE Ratio ≈ 34–35x
    Higher than several listed IT/Tech midcaps.

3. Revenue concentration

A few large overseas clients contribute a major share.
Loss of one major client may impact results.

4. High dependence on EdTech demand

Sector is cyclical with education budgets varying globally.

5. Exchange rate fluctuations

Company earns significant revenues in foreign currencies.

📈 Grey Market Premium (GMP) – Sentiment Check

(Current GMP changes every day — update daily if needed.)

  • GMP trending around mild positive zone, indicating moderate listing expectations.
  • Surge in subscription or QIB interest may spike GMP near closing day.

📌 Expected Listing Gains (Estimate)

Based on:

  • High PE
  • Strong financials
  • Good global presence
  • Substantial OFS
  • EdTech sector volatility

Expected Listing Gain Range:
👉 Moderate (5% – 18%) if market sentiment stays positive.
👉 Could list flat if QIBs do not show strong interest.

🧭 Should Retail Investors Apply? – My View

Apply If:

✔ You have medium to long-term horizon
✔ You believe in global EdTech growth
✔ You want exposure to a strong SaaS-tech business

Avoid If:

✘ You are looking only for listing gains
✘ You prefer low-valuation IPOs
✘ You want predictable quarterly results

Retail Verdict:

A fundamentally good company with real products, global clients, and strong financial performance.
Valuation is slightly high, but long-term investors may consider applying.

📝 Final Summary

Excelsoft Technologies Ltd’s IPO brings a niche, export-driven EdTech SaaS company to the Indian markets. With sharp improvements in profitability, global diversification, low debt, and strong recurring revenue potential, the company stands out in the technology segment.

The IPO valuation demands confidence in continued future growth. Retail investors with medium-to-long-term investment horizons may find this IPO attractive, while pure listing-gain seekers should evaluate GMP and subscription data before deciding.

Excelsoft Technologies IPO| Excelsoft Technologies Ltd IPO| Excelsoft IPO price band| Excelsoft IPO dates| Excelsoft Technologies financials| Excelsoft SaaS IPO| Edu-tech IPO India

Subscription:

DateAnchorQIBNIIBNII(>10l)SNII(<10L)RetailTotal
Day-110.012.602.023.762.011.56

GMP Trend:

DateGMP
19 Nov 2025₹15.50(12.92%)
20 Nov 2025
21 Nov 2025
The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premiumsignals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.

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