Excelsoft Technologies IPO

About Excelsoft Technologies IPO

Excelsoft Technologies IPO opens on November 19, 2025 and closes on November 21, 2025. The allotment of shares will take place on November 24, 2025. The credit of shares to the Demat account will take place on November 25, 2025. The initiation of refunds will take place on November 25, 2025. The listing of shares will take place on November 26, 2025.

The Excelsoft Technologies IPO comprises a fresh issue and an offer for sale. While the fresh issue aggregates up to ₹180 crores, the offer for sale aggregates up to ₹320 crores. It’s a 100% book-built offer. The lot size of shares in this IPO is 125 and the price band is ₹114 to ₹120 per share.

Excelsoft Technologies is a global vertical SaaS company focused on the learning and assessment market. With over two decades of experience, the company provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. Its platforms are cloud-based with open and industry standards-compliant APIs, ensuring scalability across organisations and users.

Objectives of Excelsoft Technologies IPO

The company propose to utilise the IPO proceeds for:

• Funding of capital expenditure for purchase of land and construction of a new building
  
• Funding of capital expenditure for upgradation and external electrical systems of its existing facility
  
• Funding upgradation of the company’s IT Infrastructure
• General corporate purposes
  

Industry Outlook

The global L&D market was valued at $390.20 billion in 2024 and is expected to reach $587.61 billion by 2030, growing at a CAGR of 7.06%. Also, the global SaaS market was valued at $261.10 billion in 2024 and is expected to reach $733.72 billion by 2030, growing at a CAGR of 18.79% during the forecast period.

At the same time, as per Arizton Report, the global SaaS market has seen rapid growth, with vertical SaaS emerging as a dominant trend that promises specialised, industry-tailored solutions. This shift has positioned vertical SaaS to grow at an even faster pace than general SaaS, with estimates suggesting that vertical SaaS could account for nearly 50% of the SaaS market by 2030.

Excelsoft Technologies Company Information

Excelsoft Technologies is a global vertical SaaS company focused on the learning and assessment market. With over two decades of experience, the company provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide.

Its platforms are cloud-based with open and industry standards-compliant APIs, ensuring scalability across organisations and users. Security and performance are core to its product offerings.

Strengths of Excelsoft Technologies IPO

• Expertise in product engineering, development and implementation across assessments, digital learning & information management systems with robust product capabilities
• Long term relationships with global customers
• Expertise in delivering fully compliant digital learning and assessment solutions to clients globally
• Flexibility to work with diversified technologies to provide the right-fit solution, driven by agile methodologies
• Robust operating parameters
• Experienced management team and promoters with expertise in developing products and experienced board driving high corporate governance standards

Risks of Excelsoft Technologies IPO

• Termination of the contract entered into with Pearson Education Group may decrease revenues
• A portion of the net proceeds may be utilised for purchasing land as a part of the objects of the offer for which it has not entered into definitive agreements
• Inability to keep up with technological changes may adversely affect business
• Services may contain coding or configuration errors or other defects that could harm reputation
• Indebtedness exposes the company to various risks which may have an effect on business and results of operations
• Insurance coverage for the previous three fiscals is not 100% of the assets of the company and thereby may not adequately protect it against operating hazards
• Risks associated with currency exchange rate fluctuations
• Revenues are highly dependent on a few verticals
• Any failure to retain or attract customers may impact its business and revenues
• Agreements have been executed on unstamped white papers because of which the validity and enforceability may be disputed

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on November 18, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: MUFG Intime India
• Book Running Lead Manager: Anand Rathi Advisors

Excelsoft Technologies Business Model

The company’s focus is on the high-stake assessment market through its AI-based assessment and proctoring solutions. Its learning systems offerings encompass a suite of platforms and solutions that help publishers manage digital online learning solutions including subscription management, digital asset management and analytics.

Over the years, the company has been recognised with various global awards & accolades for its products and services such as e-assessment Association Award and Brandon Hall Group Awards in various categories.

Excelsoft Technologies Growth Trajectory

Excelsoft’s revenue from operations grew from ₹195.104 crores in FY 23 to ₹233.291 crores in FY 25. Its PAT margin increased from 11.49% in FY 23 to 14.87% in FY 25 and the number of new clients increased from 93 in FY 23 to 99 in FY 25. Long term relationships with global customers and flexibility to work with diversified technologies have helped the company grow over the years.

Excelsoft Technologies Market Position

As on August 31, 2025, Excelsoft Technologies catered to 76 clients spread across 19 countries. The company has its clientele spread across various parts of the globe including but not restricted to countries like USA, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE and Canada.

How to Apply for Excelsoft Technologies IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
  

Check Excelsoft Technologies IPO Allotment Status