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Excelsoft Technologies share price sees strong investor demand, lists at 12.5% premium

Excelsoft Technologies share price: Excelsoft Technologies debuted at a 12.5% premium over its issue price, beating GMP expectations after a 45x oversubscribed IPO. The company raised Rs 500 crore through the public offer.

2 min readUpdated: Nov 26, 2025 11:53 AM IST

Excelsoft technologies share price saw decent investor demand on Wednesday.

Excelsoft Technologies share price: Excelsoft Technologies made a strong entry on Dalal Street on November 26, debuting at more than 12% above its issue price. The stock opened at Rs 135 per share on both the NSE and BSE, marking a 12.5% premium over its IPO price of Rs 120.

The listing outperformed market expectations indicated by the grey market premium (GMP). Ahead of the debut, the IPO’s GMP was up by around Rs 7, pointing to a probable listing near Rs 127 — a gain of 5.83% over the upper band of the price range.

Excelsoft Technologies IPO Details

The IPO opened for subscription from November 19 to 21, with allotments completed on November 24. The total issue size was Rs 500 crore, comprising a fresh issue of 1.50 crore shares worth Rs 180 crore and an offer for sale of 2.67 crore shares amounting to Rs 320 crore.

The price band was set between Rs 114 and Rs 120 per share. Investors were required to bid for a minimum lot of 125 shares, translating to a minimum retail outlay of Rs 15,000.

The company plans to utilise the net proceeds for capital expenditure on a new building at its Mysore campus, upgrades to external electrical and IT systems, and other general corporate requirements.

Anand Rathi Advisors acted as the book-running lead manager, and MUFG Intime India handled the responsibilities as the registrar.

The IPO garnered decent interest, achieving an overall subscription of 45.46 times on the final day. Retail investors subscribed 16.44 times, the NII category surged to 107.04 times, and QIBs subscribed 50.06 times. In all, Excelsoft received bids for 132.59 crore shares against 2.91 crore shares on offer.

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Ahead of the public issue, the company raised Rs 150 crore from anchor investors on November 18, 2025.