Excelsoft Technologies Makes Stock Market Debut
Excelsoft Technologies Limited is set to make its much-anticipated entry into the Indian stock market today, November 26, 2025. The company's equity shares will commence trading on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) following a highly successful initial public offering that attracted massive investor interest.
IPO Timeline and Listing Details
The mainboard IPO subscription window was open from November 19 to November 21, 2025, with the allotment process completed on November 24. According to an official BSE notice, "Trading Members of the Exchange are hereby informed that effective from Wednesday, November 26, 2025, the equity shares of Excelsoft Technologies Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities."
The stock will participate in a Special Pre-open Session (SPOS) before becoming available for regular trading starting at 10:00 AM. This process helps establish equilibrium pricing through order matching before continuous trading begins.
Subscription Response and Investor Categories
Excelsoft Technologies IPO demonstrated remarkable investor confidence, achieving total subscription of 43.19 times the offered shares. The breakdown across investor categories reveals particularly strong institutional interest.
The Non-Institutional Investors (NII) segment led the demand with 101.69 times subscription, while Qualified Institutional Buyers (QIBs) booked the issue 47.55 times. Retail Individual Investors showed healthy participation with 15.62 times subscription of their reserved portion.
Grey Market Premium and Expected Listing Price
Ahead of the formal listing, the grey market premium (GMP) for Excelsoft Technologies shares indicates muted initial trading expectations. The current GMP stands at ₹7 per share, suggesting an estimated listing price of approximately ₹127 per share.
This represents a modest premium of nearly 6% over the IPO price band of ₹120 per share. Market analysts anticipate the shares will list at this conservative premium level, reflecting cautious optimism among investors despite the strong subscription numbers.
IPO Structure and Financial Details
The Excelsoft Technologies IPO comprised a combination of fresh issue and offer for sale components. The company raised ₹500 crore at the upper price band, with ₹180 crore coming from a fresh issue of 1.50 crore equity shares and ₹320 crore through an offer-for-sale (OFS) of 2.67 crore shares by existing promoters.
Anand Rathi Advisors Ltd. served as the book running lead manager for the issue, while MUFG Intime India acted as the official registrar processing the IPO applications and allotments.
Market Outlook and Investor Guidance
The listing comes amid mixed signals from the grey market, where despite strong institutional interest during the subscription period, the GMP suggests tempered expectations for initial trading gains. Investors should monitor early trading patterns carefully, as the SPOS mechanism will help establish fair opening prices based on order matching.
Market participants are advised to consider both the strong subscription metrics and the conservative GMP trends when making investment decisions regarding Excelsoft Technologies stock. The company's performance today will set the tone for its journey in the public markets and provide important indicators for future price movements.
