Excelsoft IPO Subscribed Over 10x on Final Day as Retail and NII Bids Surge

Overview

• BSE data shows bids of about 31.05 crore shares against 3.07 crore on offer, translating to roughly 10.11 times subscription so far on Friday.
• Earlier in the day, category data indicated retail at about 7.07x, non‑institutional investors at roughly 26.15x, and qualified institutional buyers near 0.11x.
• Recent grey‑market indications hover around Rs 10–14 per share over the Rs 120 upper band, pointing to a notional 8–12% premium that has eased from last week’s levels.
• The issue comprises a fresh issue of up to Rs 180 crore and an offer for sale of shares worth up to Rs 320 crore by promoter Pedanta Technologies, priced at Rs 114–120 with a 125‑share lot.
• Excelsoft raised Rs 150 crore from anchor investors ahead of the launch, and it positions itself as a vertical SaaS provider in learning and assessment with proceeds earmarked for capex, IT upgrades and general corporate needs.