A New Chapter: Excelsoft Technologies Enters the Public Arena
The Indian stock market is abuzz with the impending Initial Public Offering (IPO) of Excelsoft Technologies Limited. As a prominent player in the global vertical SaaS space, specializing in learning and assessment, Excelsoft is set to offer its shares to the public. This blog post aims to provide an in-depth analysis of the company, its IPO details, financial health, and the potential opportunities it presents to investors.
Understanding Excelsoft Technologies: The EdTech Innovator
Founded in 2000, Excelsoft Technologies has carved a niche for itself by delivering cutting-edge, AI-powered solutions in the learning and assessment market. The company's comprehensive suite of products addresses diverse educational and corporate training needs across the globe.
What Does Excelsoft Offer?
- **AI-Powered Applications:** Enhancing learning experiences and assessment methodologies.
- **Test & Assessment Platforms:** Robust solutions for conducting examinations and evaluations.
- **Online Proctoring Solutions:** Ensuring integrity and fairness in remote assessments.
- **Learning Experience Platforms (LXP) & Student Success Platforms:** Tailored support for academic institutions and corporations.
- **Digital eBook Platforms:** Modernizing content delivery and consumption.
Global Reach and Diverse Clientele
With operations spanning India, Malaysia, Singapore, the UK, and the USA, Excelsoft collaborates with over 200 organizations, impacting more than 30 million learners worldwide. Their impressive client roster includes leading educational publishers, universities, schools, government bodies, defense organizations, and large enterprises.
Key Product Segments:
- **Assessment & Proctoring Solutions:** Featuring SARAS e-Assessments and EasyProctor.
- **Learning & Student Success Systems:** Including SARAS Learning Solutions, OpenPage, EnablED, CollegeSparc, and LearnActiv for K12.
Unpacking the IPO: Key Details at a Glance
The Excelsoft Technologies IPO is a Book Built Issue, aiming to raise a significant capital of ₹500.00 crores.
Issue Structure:
- **Fresh Issue:** 1.50 crore shares, aggregating to ₹180.00 crores.
- **Offer for Sale (OFS):** 2.67 crore shares, aggregating to ₹320.00 crores.
IPO Snapshot:
| Detail | Information |
|---|---|
| **Issue Price Band** | ₹114 to ₹120 per share |
| **Face Value** | ₹10 per share |
| **Lot Size** | 125 Shares |
| **Total Issue Size** | 4,16,66,666 shares (up to ₹500.00 Cr) |
| **Listing At** | BSE, NSE |
| **Issue Type** | Book Building IPO |
Investor Reservation:
| Investor Category | Shares Offered |
|---|---|
| **Qualified Institutional Buyers (QIB)** | Not more than 50% of the Net Offer |
| **Retail Individual Investors (RII)** | Not less than 35% of the Net Offer |
| **Non-Institutional Investors (NII)** | Not less than 15% of the Offer |
Investment Snapshot: Lot Size & Categories
Understanding the lot size is crucial for potential investors. The minimum bid is for 125 shares, with bids accepted in multiples thereof.
Minimum and Maximum Investment:
| Investor Type | Lots (Min/Max) | Shares (Min/Max) | Amount (Min/Max, based on upper price) |
|---|---|---|---|
| **Retail Investor** | 1 / 13 | 125 / 1,625 | ₹15,000 / ₹1,95,000 |
| **Small HNI (sNII)** | 14 / 66 | 1,750 / 8,250 | ₹2,10,000 / ₹9,90,000 |
| **Big HNI (bNII)** | 67+ | 8,375+ | ₹10,05,000+ |
Financial Health Check: A Look at Excelsoft's Performance
Evaluating a company's financial performance is paramount before considering an investment. Excelsoft Technologies has shown consistent growth in recent periods.
Restated Consolidated Financial Information (Amounts in ₹ Crore):
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| **Assets** | 478.34 | 470.49 | 421.03 | 436.13 |
| **Total Income** | 60.28 | 248.80 | 200.70 | 197.97 |
| **Profit After Tax (PAT)** | 6.01 | 34.69 | 12.75 | 22.41 |
| **Net Worth** | 375.95 | 371.29 | 297.30 | 278.08 |
| **Total Borrowing** | 37.82 | 26.59 | 76.73 | 118.09 |
**Analysis:** The company has demonstrated healthy revenue growth, with a 24% increase between FY24 and FY25. More notably, profit after tax (PAT) surged by 172% in the same period, indicating improved profitability. A positive trend is the significant reduction in total borrowing over the years, strengthening the balance sheet.
Key Performance Indicators (KPIs) as of March 31, 2025:
| Metric | Value |
|---|---|
| **Return on Equity (ROE)** | 10.38% |
| **Return on Capital Employed (ROCE)** | 16.11% |
| **Debt/Equity Ratio** | 0.05 |
| **PAT Margin** | 14.87% |
| **EBITDA Margin** | 31.40% |
| **Market Capitalization** | ₹1,381.01 Cr. |
| **Pre IPO EPS** | ₹3.47 |
| **Post IPO EPS (annualized Jun 30, 2025)** | ₹2.09 |
| **Pre IPO P/E (x)** | 34.62 |
| **Post IPO P/E (x) (annualized Jun 30, 2025)** | 57.46 |
Vision for Growth: Objectives of the Issue
Excelsoft Technologies plans to utilize the net proceeds from the IPO to fuel its strategic growth initiatives:
- **Expansion of Infrastructure:** Funding capital expenditure for land purchase and construction of a new building at their Mysore Property (₹719.66 Million).
- **Facility Upgradation:** Investing in upgradation, including external electrical systems, of their existing facility in Mysore (₹395.11 Million).
- **IT Infrastructure Enhancement:** Funding upgradation of the company’s IT infrastructure, including software, hardware, communications, and network services (₹546.35 Million).
- **General Corporate Purposes:** Supporting various other corporate needs.
The Driving Force: Promoters and Their Stake
The promoters of Excelsoft Technologies Limited are Pedanta Technologies Private Limited, Dhananjaya Sudhanva, Lajwanti Sudhanva, and Shruthi Sudhanva. Their commitment to the company's vision is evident in their substantial holdings:
- **Promoter Holding Pre-Issue:** 94.60%
- **Promoter Holding Post-Issue:** The post-issue holding will be calculated based on the equity dilution from the fresh issue.
Strategic Outlook: An Analytical Perspective
A balanced view considering both internal capabilities and external market dynamics can help in assessing the investment proposition.
| Category | Key Aspects |
|---|---|
| **Strengths** |
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| **Weaknesses** |
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| **Opportunities** |
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| **Threats** |
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Navigating Your Application: How to Participate
Investors interested in applying for the Excelsoft Technologies IPO can do so online using either UPI or ASBA (Applications Supported by Blocked Amount) methods.
Applying through a Broker (Example: Zerodha):
Many popular brokerage platforms offer a seamless IPO application process. For instance, customers can apply online via their brokerage console using UPI as a payment gateway.
- Log in to your broker's platform (e.g., Zerodha Console).
- Navigate to the 'Portfolio' section and find the 'IPOs' link.
- Locate 'Excelsoft Technologies IPO' and click the 'Bid' button.
- Enter your UPI ID, desired quantity, and bid price.
- Submit your IPO application.
- Approve the mandate request that appears in your UPI App (e.g., Google Pay, PhonePe, BHIM) to finalize the payment block.
Always ensure your Demat and Trading account details are up-to-date before applying.
Key Dates for Your Calendar: The IPO Timeline
Mark these important dates to ensure you don't miss any critical steps in the Excelsoft Technologies IPO process:
| Event | Date |
|---|---|
| **IPO Open Date** | Wednesday, November 19, 2025 |
| **IPO Close Date** | Friday, November 21, 2025 |
| **Cut-off time for UPI mandate confirmation** | 5 PM on Friday, November 21, 2025 |
| **Tentative Allotment Finalization** | Monday, November 24, 2025 |
| **Initiation of Refunds** | Tuesday, November 25, 2025 |
| **Credit of Shares to Demat Account** | Tuesday, November 25, 2025 |
| **Tentative Listing Date** | Wednesday, November 26, 2025 |
IPO Timeline Progress:
Connect for More Information
For further inquiries or official communications regarding the Excelsoft Technologies IPO, you may refer to the contact details:
Company Contact:
- **Excelsoft Technologies Ltd.**
- 1-B, Hootagalli Industrial Area, Mysuru, Karnataka, 570018
- Phone: +91 821 428 2247
- Email: ipo@excelsoftcorp.com
- Website: excelsoftcorp.com
IPO Registrar:
- **MUFG Intime India Pvt.Ltd.**
- Phone: +91-22-4918 6270
- Email: excelsofttechnologies.ipo@linkintime.co.in
- Website: linkintime.co.in/Initial_Offer/public-issues.html