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

Excelsoft Technologies Share Price and IPO Overview

Excelsoft Technologies made a strong debut on Dalal Street on November 26, 2025, marking a significant milestone for the company and investors. The stock opened at Rs 135 per share on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), which represented a 12.5% premium over its initial public offering (IPO) price of Rs 120. This strong listing highlighted the robust investor demand for the company’s shares, reflecting confidence in its business model, growth potential, and management team.

The company’s listing exceeded market expectations, as indicated by the grey market premium (GMP) prior to the debut. Before the stock began trading, the IPO’s GMP had risen by approximately Rs 7, suggesting a likely listing near Rs 127 per share, a gain of 5.83% over the upper end of the IPO price band. This strong grey market performance demonstrated significant pre-market interest and signaled strong investor appetite.

IPO Details

The IPO was open for subscription from November 19 to November 21, 2025, with allotments completed on November 24. Excelsoft Technologies raised a total of Rs 500 crore through a combination of a fresh issue and an offer for sale. The fresh issue comprised 1.50 crore shares worth Rs 180 crore, while the offer for sale included 2.67 crore shares amounting to Rs 320 crore.

The price band for the IPO was set between Rs 114 and Rs 120 per share. Investors were required to bid for a minimum lot of 125 shares, translating into a minimum investment of Rs 15,000 for retail investors. The funds raised through the IPO are planned to be used for capital expenditure, including the construction of a new building at the company’s Mysore campus, upgrades to external electrical and IT systems, and other general corporate requirements to support business growth and operational efficiency.

Anand Rathi Advisors served as the book-running lead manager, overseeing the IPO process and ensuring a smooth subscription and listing process. MUFG Intime India acted as the registrar, managing investor records, allotments, and compliance requirements.

Investor Response and Subscription

The IPO received strong investor interest across all categories. On the final day of subscription, it was oversubscribed 45.46 times overall. Retail investors contributed significantly, with subscriptions reaching 16.44 times their allocated shares. The Non-Institutional Investors (NII) category saw an overwhelming response, with subscription levels soaring to 107.04 times. Qualified Institutional Buyers (QIBs) also demonstrated robust demand, subscribing 50.06 times the offered shares. In total, Excelsoft Technologies received bids for 132.59 crore shares against an offer of 2.91 crore shares, highlighting the immense investor enthusiasm and strong market sentiment for the company.

Conclusion

The strong listing and robust subscription of Excelsoft Technologies’ IPO underscore the market’s confidence in the company. Listing at a 12.5% premium over the IPO price, the stock has rewarded early investors while demonstrating the company’s potential for long-term growth. The successful IPO and listing reflect the trust of retail, institutional, and non-institutional investors, signaling positive prospects for the company’s expansion plans and operational objectives. With the funds raised, Excelsoft Technologies is well-positioned to invest in infrastructure, technological upgrades, and overall business development, supporting its growth trajectory and enhancing shareholder value in the coming years.