Excelsoft Technologies Limited is launching its Initial Public Offering (IPO) to raise funds for capital expenditure and upgradation of its IT Infrastructure. The ipo size aggregates up to Rs. 500 crore, comprising a fresh issue of 1.50 crore equity shares totaling Rs. 180 crore and an offer for sale of 2.67 crore shares worth Rs. 320 crore.
Excelsoft Technologies Limited’s IPO price band is set at Rs. 114 to Rs. 120 per share. The IPO opens for subscription on November 19, 2025, and closes on November 21, 2025. The shares will be listed on NSE and BSE on Wednesday, November 26, 2025. Here’s everything you need to know.
GMP of Excelsoft Technologies Limited IPO
As of November 18th, 2025, the shares of Excelsoft Technologies Limited in the grey market were trading at a 11.67 percent premium. The shares in the Grey Market traded at Rs. 134. This gives it a premium of Rs. 14 per share over the cap price of Rs. 120.
Overview of Excelsoft Technologies Limited
Excelsoft Technologies Limited was founded in 2000 and is a global software company that focuses on learning and assessment solutions. It develops AI-powered platforms that help institutions and businesses manage training, testing, and education more efficiently. The company offers products like online testing tools, proctoring systems, and digital learning platforms that enhance user experience and learning outcomes.
The company’s key products include SARAS LMS, EnablED Learning Experience Platform (LXP), and OpenPage digital books. These tools are designed for schools, universities, government bodies, and companies to improve learning, training, and development processes.
Excelsoft Technologies Limited serves over 200 clients worldwide, including major names like Pearson Education, AQA Education, and Brigham Young University. Its technology supports more than 30 million learners globally across India, Malaysia, Singapore, the UK, and the USA.
With a strong team of 1,118 employees, Excelsoft continues to grow in the education technology market by delivering innovative and scalable digital learning solutions.
Promoters of Excelsoft Technologies Limited
The promoters of Excelsoft Technologies Limited are Pedanta Technologies Private Limited, Dhananjaya Sudhanva, Lajwanti Sudhanva, and Shruthi Sudhanva. They have extensive experience in technology, education, and business leadership. Their combined vision has helped Excelsoft evolve into a global education technology brand.
Selling Shareholders of Excelsoft Technologies Limited
Pedanta Technologies Private Limited is offering to sell shares totaling up to Rs. 320 crore, which comprises a total of 2.67 crore equity shares with a face value of Rs. 10 each, through the Offer for Sale.
Lead Manager of Excelsoft Technologies Limited IPO
Anand Rathi Advisors Limited is the Book Running Lead Manager (BRLM) for the IPO. MUFG Intime India Private Limited acts as the Registrar to the offer. Both firms bring vast experience in managing successful public issues in India.
Objectives of the IPO Offer
Excelsoft Technologies Limited’s IPO proposes to utilize the net proceeds for four primary objectives. The company will allocate Rs. 61.77 crores towards capital expenditure for purchasing land and constructing a new building at its Mysore property.
Additionally, Rs. 39.51 crore will be invested in upgrading and enhancing external electrical systems at its existing Mysore facility. A further Rs. 54.64 crore will be utilized to strengthen the company’s IT infrastructure, including software, hardware, communications, and network services. The remaining funds will be deployed for general corporate purposes to support business growth and operational efficiency.
Financial Analysis of Excelsoft Technologies Limited
Coming into financial highlights, Excelsoft Technologies Limited’s consolidated revenue from operations has increased from Rs. 198.30 crore in FY24 to Rs. 233.29 crore in FY25, which represents a growth of 17.64 percent. The net profit has also grown by 172.08 percent from Rs. 12.75 crore in FY24 to Rs. 34.69 crore in FY25.
In the June Quarter 2025, Excelsoft Technologies Limited has reported a consolidated revenue from operations of Rs. 55.72 crore and a net profit of Rs. 6.01 crore. Excelsoft Technologies Limited has a PAT Margin of 14.87 percent and an EBITDA Margin of 31.40 percent. Further, Excelsoft Technologies Limited’s revenue and net profit have grown at a CAGR of 9.35 percent and 24.41 percent, respectively, over the last two years.
In terms of return ratios, the company’s ROCE and ROE stand at 16.11 percent and 10.38 percent, respectively. Excelsoft Technologies Limited has an earnings per share (EPS) of Rs. 3.47, and its debt-to-equity ratio is 0.05x.
Excelsoft Technologies Limited Vs Peers
Excelsoft Technologies Limited reported total revenue of Rs. 233.29 crore and a Return on Net Worth (RoNW) of 10.38 percent. In comparison, MPS Limited recorded revenue of Rs. 726.89 crore with a RoNW of 31.74 percent, while Ksolves India Limited posted Rs. 137.43 crore in revenue and a RoNW of 153.95 percent.
Silver Touch Technologies Limited achieved revenue of Rs. 288.38 crore with a RoNW of 18 percent, and Sasken Technologies Limited reported Rs. 550.91 crore in revenue with a RoNW of 6.36 percent. InfoBeans Technologies Limited earned Rs. 394.78 crore in revenue and recorded a RoNW of 12.09 percent.
Excelsoft Technologies Limited’s net asset value per share stands at Rs. 37.10, compared to Rs. 279.69 for MPS Limited, Rs. 17.51 for Ksolves India Limited, Rs. 105.48 for Silver Touch Technologies Limited, Rs. 531.24 for Sasken Technologies Limited, and Rs. 136.34 for InfoBeans Technologies Limited.
Strengths of Excelsoft Technologies Limited
- Strong presence in global EdTech markets with a diverse client base.
- Proprietary learning and assessment platforms drive consistent revenue.
- Experienced promoters with long-standing industry expertise.
- Low debt structure ensures financial flexibility and stability.
- Focus on innovation enhances product competitiveness and scalability.
Weaknesses of Excelsoft Technologies Limited
- Dependence on large institutional clients may create revenue concentration risk.
- Intense competition from global EdTech and SaaS providers.
- Exposure to foreign currency fluctuations due to international operations.
- Rapid technological changes demand continuous R&D investment.
- Slower education sector adoption rates may delay revenue realization.
Conclusion
Excelsoft Technologies Limited’s IPO offers investors exposure to India’s growing education technology sector. The company’s strong fundamentals, experienced promoters, and diversified product portfolio strengthen its growth outlook. Investors seeking participation in the expanding digital learning ecosystem may consider this IPO after evaluating risk factors and market conditions.
Written By – Nikhil Naik
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