Strong Investor Demand Pushes Excelsoft Technologies Listing 12.5% Above Issue Price

Excelsoft Technologies Share Listing Summary

Excelsoft Technologies made a strong debut on Dalal Street on November 26, listing at Rs 135 per share on NSE and BSE, a 12.5% premium over its IPO price of Rs 120. The IPO, open from November 19-21 with allotments on November 24, raised Rs 500 crore through a fresh issue of 1.50 crore shares and an offer for sale of 2.67 crore shares. The IPO was oversubscribed 45.46 times overall, with strong participation from retail, NII, and QIB investors. Funds will be used for Mysore campus expansion, IT and electrical upgrades, and general corporate purposes.