The equity shares of Excelsoft Technologies Ltd, a prominent SaaS solutions and services provider, are poised to make their much-anticipated debut on Dalal Street tomorrow. The company's initial public offering (IPO) concluded successfully, setting the stage for this significant market entry.
Key IPO Dates and Market Debut
Excelsoft Technologies IPO listing date is confirmed as November 26, 2025, with the stock scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The public issue witnessed active participation from investors during its subscription period from November 19 to November 21.
The allotment process was completed on November 24, paving the way for tomorrow's market debut. The BSE officially notified trading members that "the equity shares of Excelsoft Technologies Limited shall be listed and admitted to dealings on the Exchange in due course."
Investor Response and Grey Market Trends
Excelsoft Technologies IPO generated tremendous demand from the investment community, with the issue being heavily oversubscribed. Market data reveals that the public issue was subscribed 43.19 times overall, demonstrating strong investor confidence.
The category-wise subscription breakdown shows particularly robust interest from institutional investors. The Non-Institutional Investors (NII) segment witnessed massive demand with 101.69 times subscription, while Qualified Institutional Buyers (QIBs) category received 47.55 times subscription. Retail Individual Investors (RIIs) also showed healthy participation with 15.62 times subscription.
However, recent trends in the grey market premium (GMP) indicate changing investor sentiment ahead of the listing. Excelsoft Technologies IPO GMP today has declined to ₹5 per share, according to market tracking websites. This muted trend in the unlisted market suggests that shares are trading higher by only ₹5 compared to the issue price.
IPO Structure and Financial Details
The mainboard IPO represents a significant capital raising exercise for the company. Excelsoft Technologies raised ₹500 crore through this book-building issue, which comprised a combination of fresh issuance and offer-for-sale components.
The IPO structure included a fresh issue of 1.50 crore equity shares worth ₹180 crore, along with an offer-for-sale (OFS) of 2.67 crore shares amounting to ₹320 crore. The company set the IPO price band at ₹120 per share, making it accessible to a wide range of investors.
Based on the current GMP of ₹5, the estimated listing price of Excelsoft Technologies shares would be approximately ₹125 per share, representing a premium of slightly over 4% to the IPO price. This indicates a cautious but positive market reception ahead of the formal listing.
The IPO process was managed by Anand Rathi Advisors Ltd. as the book running lead manager, with MUFG Intime India serving as the registrar for the Excelsoft Technologies IPO.
Market analysts will be closely watching the stock's performance tomorrow as it begins trading on both major exchanges, particularly given the contrast between the strong subscription numbers and the declining grey market premium in recent days.
