Excelsoft Technologies IPO opens on Nov 19; check issue size, objectives and key dates

Excelsoft Technologies IPO: The initial public offering of tech-based learning and assessment solutions provider Excelsoft Technologies will open for subscription on November 19. The issue will conclude on November 21. The company has not announced the price band yet.

The bidding for anchor investors will take place on November 18.

The ₹500 crore initial share sale is a fresh issue of ₹180 crore and an offer for sale (OFS) of ₹320 crore by promoter Pedanta Technologies Pvt Ltd.

The fresh issue proceeds will be used for the purchase of land and construction of a new building at the Mysore property, upgrade work at the existing facility, enhancing the company's IT infrastructure and general corporate purposes.

The company has reserved half of the net offer for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Anand Rathi Advisors is the sole book-running lead manager of the issue, while MUFG Intime India is the registrar.

Excelsoft Technologies IPO: Key dates

About Excelsoft Technologies

Excelsoft Technologies Ltd is a global vertical software as a solution (SaaS) company with a focus on the learning and assessment market.

In the assessment market, qualifications and certification bodies, admission tests councils, awarding and credentialing bodies, corporates and government entities use the company's Saras eAssessment platform and easyProctor remote proctoring product to provide high-stakes examinations and tests to end users.

Its learning systems offerings include a suite of platforms and solutions that assist publishers in managing digital online learning solutions, including digital asset management, subscription management and analytics. As of August 2025, it serves 76 clients across 19 countries.

The company's customers include Pearson Education, Colleges of Excellence, NxGen Asia PTE LTD, AQA Education, Pearson Professional Assessments Limited, Ascend Learning LLC, Brigham Young University – IDAHO and Sedtech for Technology Education & Learning WLL.