Excelsoft Technologies made an impressive debut on the stock markets today, listing at a significant premium that exceeded grey market expectations and rewarding investors who participated in the heavily oversubscribed initial public offering.
Strong Market Debut Exceeds Expectations
The educational technology company saw its shares begin trading at Rs 135 per share on both the National Stock Exchange and Bombay Stock Exchange, representing a 12.5% premium over its IPO price of Rs 120. This performance surpassed the grey market premium indications, which had suggested a listing around Rs 127 per share, equivalent to a 5.83% gain over the upper price band.
The robust listing comes on the back of overwhelming investor response to the public issue, which was subscribed 45.46 times overall. Market analysts noted that the company's strong fundamentals and growth prospects in the edtech space attracted substantial interest across investor categories.
IPO Subscription Breakdown and Fund Utilization
The Excelsoft Technologies IPO, which opened for subscription from November 19 to November 21, witnessed phenomenal response from all investor segments. The qualified institutional buyers category was subscribed 50.06 times, while non-institutional investors demonstrated massive interest with subscription reaching 107.04 times. Retail investors also participated actively, subscribing 16.44 times their allocated portion.
The company successfully raised Rs 500 crore through the public offer, comprising a fresh issue of 1.50 crore shares worth Rs 180 crore and an offer for sale of 2.67 crore shares amounting to Rs 320 crore. The price band was set between Rs 114 and Rs 120 per share, with investors required to bid for a minimum lot of 125 shares, translating to a minimum investment of Rs 15,000 for retail participants.
Excelsoft Technologies plans to utilize the net proceeds from the fresh issue for capital expenditure on a new building at its Mysore campus, upgrades to external electrical and IT systems, and other general corporate requirements. The company's focus on expanding infrastructure aligns with its growth strategy in the competitive edtech sector.
Anchor Investment and Management Team
Ahead of the public issue, the company demonstrated strong institutional confidence by raising Rs 150 crore from anchor investors on November 18, 2025. This pre-IPO placement indicated solid belief in the company's valuation and future prospects among sophisticated investors.
The IPO process was managed by Anand Rathi Advisors as the book-running lead manager, while MUFG Intime India handled registrar responsibilities. The successful execution of the public offering amidst volatile market conditions highlights the strength of the company's business model and management capabilities.
The overwhelming response to Excelsoft Technologies IPO, particularly from institutional investors, reflects growing confidence in the Indian edtech sector and the company's positioning within this rapidly expanding market. The strong listing performance sets a positive tone for the company's journey as a publicly traded entity.
