IPO Details
Bidding Dates
19 Nov 25 - 21 Nov 25
Price Range ₹
114 - 120
Total Equity
₹ 0.00Cr
Lot Size
125
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
15.62×
Qualified Institutional Buyers
47.55×
Employees
0.00×
Retail Investors
15.62×
Total subscription Rate
43.19×
IPO Timeline
Offer start
19 Nov 2025
Offer end
21 Nov 2025
Allotment
24 Nov 2025
Refund initiation
25 Nov 2025
Demat transfer
25 Nov 2025
Listing
26 Nov 2025
Offer start
19 Nov 2025
Offer end
21 Nov 2025
Allotment
24 Nov 2025
Refund initiation
25 Nov 2025
Demat transfer
25 Nov 2025
Listing
26 Nov 2025
About Company
Founded in 2000, Excelsoft Technologies Limited is a global vertical SaaS provider specializing in the rapidly expanding learning and assessment technology market. Over the last two decades, the company has built a strong foothold in education technology (EdTech) by offering AI-powered learning solutions, assessment systems, online proctoring tools, and digital content delivery platforms.Excelsoft’s flagship product suite includes SARAS LMS, SARAS e-Assessments, EnablED LXP, CollegeSparc, LearnActiv (K12), EasyProctor, and OpenPage digital books, catering to academic institutions, corporates, and government entities with end-to-end digital learning and assessment workflows.The company serves 200+ global clients across education, certification bodies, government agencies, defence institutions, publishers, and enterprises. With presence across India, Malaysia, Singapore, the UK, and the USA, Excelsoft impacts over 30 million learners worldwide, showcasing strong global adoption of its platforms.
Year Founded
12-06-2000
Promotor Details
Dhananjaya Sudhanva
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.6 | 0 |
| Share Capital | 94667303 | 0 |
Highlights
- Strong expertise in product engineering & global delivery, enabling high-quality SaaS implementation across learning and assessment.
- Long-term, sticky client relationships with large global names in education and testing ecosystems.
- Proven domain leadership in handling high-stakes exams, digital assessments, and compliance-heavy workflows.
- Flexibility in technology stacks and agile methodologies, helping meet diverse global client requirements.
- Experienced management team with two decades of EdTech domain experience.
Challenges
- Losing one or two major clients (e.g., Pearson) could materially impact revenues.
- Slowdowns in education spending or regulatory disruptions may affect growth.
- Including Moodle, Blackboard, Coursera Business, and emerging AI-first LMS providers.
- SaaS sales cycles for education and government tend to be long and seasonal.
- While improving, revenue growth is below hyper-growth SaaS benchmarks (20–25% vs 30–50%).
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2025 | 4,704.88 | 1,000.84 | 191.14 | 191.12 | 1.9656 |
| 2023 | 4,361.26 | 15.94 | 224.14 | 224.14 | 2.3052 |
| 2022 | 4,232.78 | 15.94 | 191.14 | 191.12 | 1.9656 |
| 2024 | 4,210.33 | 15.96 | 191.14 | 191.12 | 1.9656 |
