Excelsoft Technologies IPO
Excelsoft Technologies Limited (EXCELSOFT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 November 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +9.1% (likely range +1% to +34%), day's high +20.8%, chance of a gain 92%. Actual: +12.5% at the open, +18.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 87,71,929 | 41,71,39,125 | 47.6x | |
| NII (HNI) total | 65,78,948 | 66,89,98,875 | 102x | |
| Big NII (above ₹10 lakh) | 43,85,966 | 51,22,27,250 | 117x | |
| Small NII (₹2-10 lakh) | 21,92,982 | 15,67,71,625 | 71.5x | |
| Retail | 1,53,50,877 | 23,97,70,625 | 15.6x | |
| Total | 3,07,01,754 | 1,32,59,08,625 | 43.2x |
Bids on NSE and BSE together, as published by NSE, as of 21 Nov 2025, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Excelsoft Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| Capillary Technologies IndiaNov 2025 | 57.3x | 69.8x | 15.8x | 52.9x | ₹878 Cr | -0.9% | +9.9% |
| Glenmark Life SciencesJul 2021 | 37.0x | 123x | 14.6x | 44.2x | ₹1,539 Cr | +4.2% | +11.0% |
| Scoda TubesMay 2025 | 69.5x | 113x | 19.4x | 53.8x | ₹237 Cr | 0.0% | +5.0% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Anand Rathi Advisors | 11 | +28.5% | 91% |
Offer documents (NSE)
Frequently asked
What is the Excelsoft Technologies IPO price band and lot size? ₹114–120 per share, with a lot of 125 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 43.2x overall: QIB 47.6x, NII 102x, retail 15.6x.
How did it list? It opened at ₹135, +12.5% against the issue price of ₹120, and closed its first day +5.0%.
