Excelsoft Technologies IPO Closes 43.19x Subscribed on Final Day

Overview

• NSE data show bids for 1,32,59,07,625 shares against 3,07,01,754 on offer, with QIBs at 47.55x, NIIs at 101.69x and retail at 15.62x.
• The issue comprises a fresh issue of up to Rs 180 crore and an offer for sale of 2.66 crore shares worth up to Rs 320 crore by promoter Pedanta Technologies Pvt Ltd.
• The price band is Rs 114–120 per share with a minimum lot of 125 shares.
• Anchor investors committed Rs 150 crore, including allocations to BNP Paribas Financial Markets, Bandhan Mutual Fund, Societe Generale, 360 One, GKFF Ventures, Rajasthan Global Securities and Bengal Finance & Investment.
• Grey market indications near Rs 10–14 suggest a modest premium but are unofficial, while listing is tentatively scheduled for Nov. 26 and proceeds are earmarked for land and construction at Mysore, IT upgrades and general corporate purposes.