Excelsoft Technologies Limited IPO is fully book build issue and total IPO size is ₹700 crores. The offering includes a fresh issue worth ₹210 crores and an offer for sale of ₹490 crores.
The dates for the Excelsoft Technologies Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Excelsoft Technologies Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Excelsoft Technologies Limited IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Excelsoft Technologies Limited IPO are Anand Rathi Advisors Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹700.00 Crores |
| Fresh Issue | ₹210.00 Crores |
| OFS Issue | ₹490.00 Crores |
| Issue Type | Fresh Offer and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Excelsoft Technologies Limited Company
Excelsoft Technologies Limited is a global vertical SaaS company specializing in the learning and assessment market. With over two decades of experience, Excelsoft provides technology-driven solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. Their cloud-based platforms feature open and industry-standard APIs, ensuring scalability and robust security.
Excelsoft is focused on the high-stakes assessment market through AI-based Assessment & Proctoring Solutions, serving qualifications and certification bodies, and academic institutions. Their learning systems offerings encompass a suite of platforms and solutions that help publishers manage digital online learning solutions, including subscription management, digital asset management and analytics. The company also provides Learning Management Systems (LMS) for various academic institutions & corporations.
Driven by innovation and product engineering capabilities, including expertise in AI and machine learning, Excelsoft delivers customized solutions. As of December 31, 2024, Excelsoft caters to 71 clients across 17 countries. For the fiscal year 2024, revenue from operations stood at ₹ 198.29 crore. The company maintains certifications in ISO/IEC 27001:2013, Cyber Essentials Plus and ISO 9001:2015 demonstrating its commitment to quality and security.
Excelsoft Technologies Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 419.48 | 421.03 | 436.13 | 423.28 |
| Revenue | 114.97 | 200.71 | 97.97 | 160 |
| Profit After Tax | 4.66 | 12.75 | 22.41 | 19.11 |
| Net Worth | 341.19 | 297.32 | 278.08 | 255.05 |
| Reserves and Surplus | 339.55 | 295.71 | 276.48 | 253.46 |
| Total Borrowing | 20.56 | 76.73 | 118.09 | 131.01 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 1.27 | 4.43 | 29.71 | 0.24 | 4.43 | 7.59 |
Offer Objectives
The company is proposing an IPO consisting of a Fresh Offer and an Offer for Sale (OFS). The Promoter Selling Shareholders will receive the proceeds from the OFS, which involves selling up to [●] Equity Shares aggregating up to ₹ 49 crore. The company will not receive any proceeds from the Offer for Sale.
Pre-IPO Placement: The company may consider a Pre-IPO placement of Equity Shares aggregating up to ₹ 3 crore or a secondary sale by selling shareholders of up to ₹ 24 crore, or a combination thereof. If undertaken, the amount raised will be reduced from the Fresh Offer size and/or the Offer for Sale portion.
Fresh Offer: The gross proceeds from the Fresh Offer are estimated to be up to ₹ 21 crore. These proceeds, net of issue expenses, will be utilized for:
- Funding capital expenditure for the purchase of land and construction of a new building at the Mysore Property: ₹ 71.97 million.
- Funding expenditure for the upgradation, including external electrical systems, of the Existing Facility at Mysore: ₹ 39.51 million.
- Funding upgradation of the Company’s IT Infrastructure (Software, Hardware, and Communications & Network Services): ₹ 54.64 million.
- General Corporate Purposes: up to 25% of the Gross Proceeds.
The schedule of implementation for the capital expenditures is planned across Fiscal Year 2026 and Fiscal Year 2027.
As of January 31, 2025, the Company incurred ₹ 2 million towards the Objects of the Offer.
Company Details
Address:
1-B, Hootagalli Industrial Area,
Mysore - 570018 Karnataka, India
Phone: +91 821 428 2247
Email: [email protected]
Website: http://www.excelsoftcorp.com
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 810 811 4949
Email: [email protected]
Website: http://www.linkintime.co.in
Offer Prospectus & Documents
Lead Managers
- Anand Rathi Advisors Limited
