Another big-ticket IPO is hitting the market! Excelsoft Technologies IPO, a ₹500 crore book-built issue, is set to open for subscription on November 19, 2025. As a global SaaS company in the high-growth learning and assessment sector, this issue is already generating significant buzz.

But is it a good investment? Is the valuation fair? What are the hidden risks? 

With a massive 172% jump in profits and a client list that includes global giants like Pearson, this issue is generating significant buzz. But is the valuation justified? Let’s dive into the Excelsoft Technologies IPO review, dates, price band, and financial health.

Quick Overview: What is Excelsoft Technologies?

Founded in 2000, Excelsoft Technologies is a global vertical SaaS company that builds AI-powered applications and platforms for the learning and assessment market.

Think of them as the digital backbone for education and corporate training. Their clients include:

• Educational Publishers (like Pearson Education)
• Universities and Schools
• Government Agencies
• Defence Organisations
• Corporations

Their main products include the SARAS LMS (Learning Management System), EasyProctor (online proctoring), and OpenPage (digital eBook platform). With a team of over 1,100 employees, they serve 200+ organizations and impact over 30 million learners worldwide.

Excelsoft Technologies IPO: Key Details

Here are the most important details of the IPO at a glance:

Excelsoft Technologies IPO: Timeline (Tentative)

Mark your calendars! These are the dates you need to watch.

Lot Size & Investment Amount

Here is the breakdown of the minimum and maximum investment for retail and HNI investors.

Company Financials: A Deep Dive

This is where things get interesting. Excelsoft has shown a massive jump in profitability in the last fiscal year.

(Amount in ₹ Crores)

Key Financial Highlights:

• Profit Surge: The company's Profit After Tax (PAT) skyrocketed by 172% between FY2024 and FY2025.
• Revenue Growth: Revenue also saw a healthy increase of 24% in the same period.
• Strong Margins: For FY25, the company reported a PAT Margin of 14.87% and an EBITDA Margin of 31.40%.
• Low Debt: The company has a Debt-to-Equity ratio of just 0.05, which is exceptionally low and a very positive sign.

Key Performance Indicators (KPIs)

Here’s how the company stacks up on key metrics (as of March 31, 2025):

Strengths & Potential Risks: IPO Ji's Take

No IPO is without its pros and cons. Here's our balanced view.

What We Like (Strengths)

1. High-Growth Sector: The company operates in the vertical SaaS and Ed-Tech space, which has strong global tailwinds.
2. Impressive Financials: The 172% PAT growth in the last fiscal year is outstanding, and the company is virtually debt-free.
3. Sticky Client Base: Excelsoft has long-term relationships with global giants like Pearson, AQA Education, and various universities. This provides stable and predictable revenue.
4. Experienced Management: The promoters and management team have deep expertise in the product engineering and digital learning domain.
5. Global Footprint: With operations in the US, UK, Singapore, and Malaysia, the company is well-diversified geographically.

What Raises Concern (Risks)

1. Large Offer for Sale (OFS): This is the biggest red flag. Of the ₹500 crore issue, ₹320 crore (64% of the issue) is an OFS. This means the money is going to the existing promoters, not into the company for growth.
2. High Valuation: A post-issue P/E ratio of 57.46 is on the expensive side. The company will need to maintain its extraordinary growth trajectory to justify this valuation.
3. Recent Profit Spike: While the 172% profit surge is a positive, investors should be cautious about "window dressing" just before an IPO. It's crucial to see if this level of profitability is sustainable.
4. Competitive Market: The company faces competition from other listed players like MPS, Ksolves India, and Sasken Technologies.

Objects of the Issue

The company plans to use the Net Proceeds from the Fresh Issue (approx. ₹180 Crores) for the following:

• ₹71.97 Crores: For capital expenditure (purchase of land and construction of a new building in Mysore).
• ₹39.51 Crores: For upgrading the existing facility in Mysore.
• ₹54.64 Crores: For upgrading the company’s IT infrastructure (software, hardware, etc.).
• Balance Amount: For general corporate purposes.

The use of funds is clearly focused on expansion and infrastructure upgrades, which is a positive sign for future growth.

How to apply for an IPO using IPO Ji app/ website?

Open the app and tap on the IPO from the "Ongoing" list.

Enter your Demat (BO ID) and PAN details.

Choose your Demat account, enter "1" lot, and check the "Cut-Off Price" box.

Type in your correct UPI ID and tap "Submit."

Open your UPI app (GPay, PhonePe, etc.) and approve the payment request by entering your PIN.

Grey market premium (gmp)

what is the latest grey market premium (gmp) for excelsoft technologies ipo?

Excelsoft Technologies IPO GMP Today

(Please note: GMP is not an official indicator. It is an unofficial, non-regulated market. Please base your investment decision on the company's fundamentals and financials, not just the GMP.)

You can check your allotment status directly through the IPO Ji app or website. Here are the step-by-step instructions for all the methods.

The allotment for the Excelsoft Technologies IPO is scheduled to be finalized on Monday, November 24, 2025.

How to Check Allotment on the IPO Ji App / Website

This is the most direct way to check your status.

1. Open the IPO Ji App on your phone or visit the website at ipoji.com.
2. Navigate to the "IPO Allotment Status" section.
3. From the list of recent IPOs, select "Excelsoft Technologies Ltd.".
4. Enter your details (usually your PAN or Application Number).
5. Click the "Check Status" or "Submit" button to see your allotment details.