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Excelsoft Technologies IPO
42.94xsubscribed

Excelsoft Technologies IPO

IT - Software
listed
₹14,250Min. investment

Excelsoft Technologies Limited IPO Details

SectorIT - Software
Price range₹114 – ₹120
IPO type
Regular
Lot size125 shares
Issue size₹500Cr
Red Herring Prospectus
Read
RevenueApr 2024 - Mar 2025
₹233.2CrLower than sector avg
Growth rate3Y CAGR
9.35%Higher than sector avg

Excelsoft Technologies IPO Subscription Status

Date
QIB
NII
Retail
Total
19-Nov-25
0.0 times (X)
1.74 times (X)
1.39 times (X)
1.07 times (X)
20-Nov-25
0.2X
17.94X
5.96X
6.9X
21-Nov-25
30.59X
100.03X
15.3X
42.94X

As on 19-Nov-25, 5:30 PM

Excelsoft Technologies IPO Timeline

  1. Pre-apply
    14 Nov 2025
  2. Bid start
    19 Nov 2025
  3. Bid end
    21 Nov 2025
  4. Allotment
    24 Nov 2025
  5. Release of funds
    25 Nov 2025
  6. Demat transfer
    25 Nov 2025
  7. Listing
    26 Nov 2025

About Excelsoft Technologies Limited

Exceloft Technologies is a global vertical SaaS company specialising in the diverse learning and assessment market. It has a strong legacy of over two decades in education technology, providing solutions across diverse learning and assessment segments through long-term contracts with enterprise clients. It is focused on the assessment market through its AI-based assessment & proctoring solutions across 19 countries as of August 31, 2025.
The company operates through four business verticals- assessment & proctoring solutions, learning & student success systems, educational technology services, and learning design & content solutions. Its flagship products include SARAS eAssessment, EasyProctor, EnablED, OpenPage, CollegeSparc, and LearnActiv K–12 Learning Solutions. The company’s clients include various marquee enterprise clients in the education domain, such as Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD and more.
North America accounted for 60.69% of revenue as of June 2025, followed by Europe & the UK contributing 24.53%, India 8.83%, Asia (excluding India) 5.05%, and Australia 0.90% which indicates the company’s diversified global exposure. Additionally, the company's partnership with Pearson Education Group generated 59.24% of revenue as of June 2025, demonstrating its close ties with global education ecosystems. The company served 101 clients as of June 2025, with 24 clients associated for over 10 years and 40 clients for 5–10 years, which demonstrates strong customer loyalty.
The company provides scalable and secure solutions by utilising technological tools like big data analytics, machine learning, artificial intelligence (AI), and large language models (LLMs). Its hybrid approach makes use of OpenAI's GPT-4.0 and Google Gemini for low-risk use cases, Claude Sonnet and Mistral for medium-to-high-volume workloads on Microsoft Azure and AWS, and operates open-source LLMs for the highest-volume, most sensitive workloads.
Exceloft Technologies has a research and development group at its various locations, including its registered office, situated in Mysore, to support the development of new products and the innovation process. The business has won multiple awards over the years for its excellence in digital learning and assessment technology, including the Brandon Hall Group Awards and the e-Assessment Association Award.
By 2030, the global L&D market is projected to grow at a CAGR of 7.06% to reach $587.61 billion. Additionally, the global assessment and proctoring market is anticipated to grow at a CAGR of 11.90% and reach $21.26 billion by 2030. North America and the Asia-Pacific regions are expected to lead this market with a CAGR of 12.07% and 13.45% from 2024-2030, respectively. The company is well-positioned to take advantage of this increasing demand because of its strong presence in North America and the APAC region, with 60.69% and 24.53% revenue contribution, respectively, as well as its diversified product portfolio, which includes SARAS eAssessment, EasyProctor, SARAS LMS, and EnablED.
The company is focusing on brand positioning, product innovation, and identifying possible acquisition targets. It also intends to expand its global presence, particularly in countries like Egypt, France, Brazil, and the Philippines.
Now, Excelsoft Technologies Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹180 crore and an offer for sale of ₹320 crore. The total issue size of the IPO is ₹500 crore. Its shares will be listed on the NSE and BSE.

Excelsoft Technologies Limited IPO Analysis

IPO REVIEW

Excelsoft Technologies IPO | Analysis Video

Should you apply?

Watch our analysts break down the Excelsoft Technologies Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Strength and Weakness

Proven expertise across assessments, digital learning

The company has established deep product engineering and implementation capabilities across the entire lifecycle of learning and assessment. Its solutions are built on scalable, secure, and cloud-based architectures, ensuring strong reliability and cost efficiency. Years of product development experience, combined with a user-centric design and adherence to global data privacy standards, make it a preferred technology partner for large educational institutions and enterprises.

Long-standing relationships with clients

The company served 101 clients as of June 2025, with 24 clients associated for over 10 years and 40 clients for 5–10 years, highlighting exceptional retention. This long-term loyalty provides stability, loyalty, competitive advantage, and growth potential, as well as serves as a barrier to entry for competitors.

Expertise in delivering digital learning globally

The company has built a strong global presence with subsidiaries in the UK, USA, Singapore, and India, and operations in Dubai, serving clients across major international markets. As of June 2025, the company generated 60.69% of its revenue from North America and 24.53% from Europe & the UK, demonstrating strong diversification and scalability beyond India.

Flexibility to work with diversified technologies

The company leverages multiple technology stacks and agile methodologies to deliver customised, scalable assessment and learning solutions across K–12, certification, and corporate segments. It continuously invests in innovation, spending ₹3.02 crore in FY25 on employee upskilling in advanced tools like AI and AR/VR and others in the form of training programs, webinars, bootcamps, workshops and master classes. This ensures that the company is not tied to a single technology stack and can offer optimised solutions for its clients.

Strong operating parameters

The company operates with 1,118 employees, as of June 30, 2025, under a well-defined structure of standardised workflows, KPIs, and accountability systems to ensure operational consistency and scalability. These parameters support efficient resource utilisation, streamlined processes, and data-driven performance monitoring across business functions.

Objectives of Excelsoft Technologies Limited IPO

Capital expenditure
34.31%
The company will use ₹61.76 crore to purchase land and construct new buildings at Mysore
Upgradation of IT Infrastructure
30.35%
₹54.63 Cr for IT infrastructure upgrade.
Funds for upgradation
21.95%
₹39.51 Cr for Mysore facility's external electrical system upgrade.
General corporate purposes
13.39%
Part of the IPO proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthP/E ratioD/E ratio
This IPO₹233.2Cr9.35%34.580.07
This sector (avg.)₹2,461.47Cr0.05%148.010.31
₹2,55,324Cr---23.690.10
₹1,62,990Cr---24.310.09
₹1,17,055Cr---27.940.09

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Excelsoft Technologies IPO Contact Details

Company NameExcelsoft Technologies Limited

How to apply for Excelsoft Technologies IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Excelsoft Technologies Limited IPO FAQs

Investors can apply for the Excelsoft Technologies IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Excelsoft Technologies IPO is 500 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Excelsoft Technologies IPO will be open between 2025-11-19 and 2025-11-21.
Excelsoft Technologies IPO allotment date is 2025-11-25. For Excelsoft Technologies IPO allotment status check, you can visit the website of the registrar of the IPO.
For Excelsoft Technologies IPO, the IPO registrar is MUFG INTIME INDIA PRIVATE LIMITED. You can check Excelsoft Technologies IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Excelsoft Technologies IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Excelsoft Technologies IPO lot size is 125 and minimum order quantity is 125.
Excelsoft Technologies IPO has set the price band for its IPO at 120 per equity share with a face value of 10.