Upcoming IPOs: Excelsoft Technologies, Gallard Steel issues to open & 7 listings scheduled next week; check list

Upcoming IPOs: At least two initial public offerings will open for subscription next week. They include a mainboard IPO of Excelsoft Technologies and an SME issue of Gallard Steel.

The listings that are scheduled for next week include PhysicsWallah, Emmvee Photovoltaic, Tenneco Clean Air, Fujiyama Power Systems, Capillary Technologies, Mahamaya Lifesciences and Workmates Core2Cloud.

Excelsoft Technologies IPO

Global vertical SaaS company Excelsoft Technologies will launch its ₹500 crore initial share sale on November 19 and conclude on November 21. It has set a price band of ₹114 to ₹120 per share.

The IPO consists of a fresh issue of equity shares valued at ₹180 crore and an offer for sale worth ₹320 crore by promoter Pedanta Technologies Pvt Ltd. A lot consists of 125 shares.

Funds to the tune of ₹61.76 crore will be utilised to buy land and construct a new building at the Mysore Property, and ₹39.51 crore for upgrade work, including external electrical systems, of its existing Mysore facility.

Around ₹54.63 crore will be used to upgrade the company's IT infrastructure, and the remainder of the funds will go towards general corporate purposes.

Excelsoft provides technology-based solutions across various learning and assessment segments through long-term contracts with enterprise clients globally.

Gallard Steel IPO

Engineered steel castings manufacturer Gallard Steel's initial public offering will be open from November 19 to November 21.

The book-build issue seeks to raise ₹37.50 crore solely via fresh issuance of shares.

With a price band of ₹142 to ₹150 per share, the minimum investment for retail investors is 2,000 shares.

The fresh issue proceeds will be used for funding capital expenditure towards expansion of the existing manufacturing unit and construction of an office building. A part will also be used for debt repayment and general corporate purposes.

Gallard Steel manufactures engineered steel castings, including SGCI, mild steel, and low alloy castings. It produces ready-to-use components, assemblies, and sub-assemblies for Indian Railways, the defence sector, power generation, and related industries.