Post by : Badri Ariffin

SaaS provider Excelsoft Technologies Ltd is poised to reveal the allotment details of its initial public offering (IPO) today, November 24. The IPO, which was available for bidding from November 19 to 21, witnessed enthusiastic participation from retail, non-institutional, and qualified institutional investors.

The company successfully raised ₹500 crore, comprising a fresh issue of 1.50 crore shares valued at ₹180 crore, alongside an offer for sale (OFS) of 2.67 crore shares totaling ₹320 crore. Priced between ₹114–120 per share, the IPO was oversubscribed by 43.19 times, with retail investors bidding 15.62 times, NIIs 101.69 times, and QIBs 47.55 times.

Investors can verify their allotment status via the official BSE, NSE portals, or through the registrar, MUFG Intime India Pvt. Ltd. Successful applicants can expect their shares to be credited to demat accounts on November 25, while refunds for those with unsuccessful bids will be processed on the same day. The listing is scheduled for November 26 on both BSE and NSE.

Currently, shares of Excelsoft are trading at a premium of ₹8 in the grey market, hinting at a potential listing price around ₹128, which is approximately 7% above the IPO price. Market analysts view this positively, reflecting strong market interest in the company’s SaaS offerings.

As the IPO enters its allotment phase, all eyes are set on the forthcoming listing day that is expected to establish Excelsoft Technologies’ position in the equity market.

#Global News