Excelsoft Technologies IPO Day 3: Check live subscription status, allotment date and steps

Excelsoft Technologies IPO: SaaS company Excelsoft Technologies' initial public offering has been subscribed 11.78 times so far on the final day of bidding on Friday, November 21.

It got bids for 36,16,86,000 shares against 3,07,01,754 shares on offer, according to the NSE data until 11:11 am.

Qualified institutional buyers' portion has been subscribed 13%, while the part reserved for non-institutional investors has been booked 35.44 times. The category for retail investors has been subscribed 8.30 times.

The ₹500 crore IPO, with a price band of ₹114 to ₹120 per share, was a fresh issuance of shares aggregating to ₹180 crore and an offer for sale of 2.67 crore shares worth ₹320 crore by promoter selling shareholder Pedanta Technologies Pvt Ltd.

The fresh issue proceeds will be used to buy land and construct a new building in Mysore, upgrade and do external electrical systems work on the existing facility, fund the company's IT infrastructure and for general corporate purposes.

Global vertical software-as-a-solution company Excelsoft Technologies specialises in the learning and assessment market. It provides artificial intelligence-powered applications, test and assessment platforms, learning experience platforms, online proctoring solutions, student success platforms and digital eBook platforms.

Excelsoft Technologies IPO: Allotment and listing date

The Excelsoft Technologies IPO allotment is expected to take place on November 24. The listing on the NSE and the BSE will take place on November 26.

How to check Excelsoft Technologies IPO allotment status on MUFG Intime India

• Visit the registrar's website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Click on 'Excelsoft Technologies Limited' from issue names
• Enter personal details like Application No, PAN, Account No/IFSC or DP/Client ID
• Press the ‘Submit’ button

Steps to check Excelsoft Technologies IPO allotment status on NSE

• Go to NSE's IPO status link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Click on ‘EXCELSOFT’ from the 'Select Symbol' list
• Add PAN card details and application number
• Click on the 'Submit' button

Excelsoft Technologies IPO allotment status on BSE; step-by-step guide

• Visit BSE's bid verification page: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• Select ‘Excelsoft Technologies Limited’ from IPO names
• Mention either your PAN or IPO application number
• Hit the ‘Search’ button

Excelsoft Technologies IPO GMP

According to media reports and investorgain.com, Excelsoft Technologies' unlisted shares are trading at ₹134, reflecting a grey market premium of 7.32% over the upper price band of ₹120.