Overview
- The company allotted 1.25 crore shares at Rs 120 each to anchors for Rs 150 crore, with investors including Societe Generale, BNP Paribas, Bandhan Mutual Fund and 360 One.
- The price band is Rs 114–120 per share, with a lot size of 125 shares and a minimum retail outlay of about Rs 15,000 at the cap.
- Bidding runs Nov. 19–21, the tentative allotment date is Nov. 24, refunds and Demat credits are expected Nov. 25, and listing on the BSE and NSE is slated for Nov. 26.
- The grey market premium was Rs 16 as of Nov. 18, implying an estimated Rs 136 listing price, though GMP is unofficial and speculative.
- Excelsoft is a vertical SaaS provider for learning and assessment with FY25 revenue of Rs 248.8 crore (up 24%) and PAT of Rs 34.69 crore (up 172%); Anand Rathi is the book-runner and MUFG Intime is the registrar.