Excelsoft Technologies share price: Stock debuts at 12.5% premium on NSE, BSE; here's how much investors made per lot

Excelsoft Technologies share price: Shares of Excelsoft Technologies, a global vertical SaaS company, made a strong debut on the stock exchanges on Wednesday, November 26.

The stock listed at ₹135 apiece on the National Stock Exchange (NSE) and the BSE. This reflects a premium of 12.5% over the IPO issue price of ₹120.

Excelsoft Technologies share price: Here's how much investors made

A lot consisted of 125 shares. Investors who received Excelsoft Technologies IPO allotment made ₹16,875 per lot.

The book-build issue aimed to raise ₹500 crore through a fresh issuance of ₹180 crore and an offer for sale (OFS) of ₹320 crore by promoter Pedanta Technologies.

Funds raised to the tune of ₹61.77 crore will be utilised to purchase land and construct a new building at the Mysore property, ₹39.51 crore will be used for upgrade work at the existing facility, ₹54.64 crore to improve the company's IT infrastructure and the remainder of funds for general corporate purposes.

The initial public offering was subscribed 43.19 times, as it got bids for 1,32,59,08,625 shares compared to 3,07,01,754 equity shares on offer, according to the NSE data.

With over two decades of experience, Excelsoft provides technology-based solutions across an array of learning and assessment segments through long-term contracts with enterprise clients worldwide.

Some of its key clients are Pearson Education, Inc.,Colleges of Excellence, NxGen Asia PTE LTD, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Pearson Professional Assessments Ltd, Brigham Young University--IDAHO, Training Qualifications UK, AQA Education, Excel Public School, Surala Net Co Ltd and The Chartered Quality Institute.