ET

Excelsoft Technologies

Book Building issueMainboardNSE₹500 Cr issue
+12.50%
Listing gain over issue price
Issue size
₹500 Cr
1 lot at cut-off
₹15,000
Lot size
125shares
Open
19 Nov 2025
Close
21 Nov 2025
Allotment
24 Nov 2025
Listing
26 Nov 2025

Listing performance

Issue price
₹120
Listed at
₹135
Listing-day close
₹125.97
Latest price
₹81.78
Listing gain
+12.50%
Return since listing
-31.85%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    19 Nov 2025
  2. Close
    21 Nov 2025
  3. Allotment
    24 Nov 2025
  4. Refund
    25 Nov 2025
  5. Demat credit
    25 Nov 2025
  6. Listing
    26 Nov 2025

Grey market premium

Unofficial and indicative — not a forecast

₹4

3 observations recorded — too few to plot a trend.

Day-wise premium · 3 observations
DateGMP%SaudaEst. listingGain / lot
26 Nov 2025₹4+3.33%₹400₹124₹500
25 Nov 2025₹7+5.83%₹700₹127₹875
24 Nov 2025₹6+5.00%₹600₹126₹750

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
19 Nov 2025 – 21 Nov 2025
Listing date
26 Nov 2025
Face value
₹10 per share
Issue price
₹120 per share
Lot size
125 shares
Issue type
Book Building issue
Listing at
NSE
Total issue size
₹500 Cr
Market cap at offer price
₹1,381 Cr
Promoter holding
94.60% → 59.09% pre-issue → post-issue
ISIN
INE606N01019
Registrar
MUFG Intime India Pvt.Ltd.
Lead managers
Anand Rathi Advisors Ltd.
Registered office
1-B, Hootagalli Industrial Area, Karnataka

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB1,24,99,999
Market maker 0

Application size

Minimum 125 shares per lot, in multiples, at ₹120

ApplicationLotsSharesAmount
Retail (min)1125₹15,000
Retail (max)131,625₹1,95,000
S-HNI (min)141,750₹2,10,000
S-HNI (max)668,250₹9,90,000
B-HNI (min)678,375₹10,05,000

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
1,24,99,999
Anchor portion
₹150 Cr
at ₹120 per share

Valuation and performance

Valuation at offer price

₹120 per share

MetricPre-issuePost-issue
EPS (₹)3.472.09
P/E (×)34.5857.42
Price to book (×)3.23
Market cap₹1,381 Cr

Key performance indicators

Latest reported period

Return on net worth
10.38%
ROCE
16.11%
Debt / equity
0.05
PAT margin
14.87%
EBITDA margin
31.40%
NAV per share
₹37.1
Price to book
3.23

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.