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What is the story about?
Shares of Excelsoft Technologies Ltd. listed at a premium of 12.5% at ₹135, against their issue price of ₹120, on the bourses on Wednesday, November 26.
The shares gained nearly 19% from their issue price post-listing to ₹142.59 apiece.
The vertical software-as-a-service (SaaS) company's ₹500 crore initial public offering (IPO) was open for subscription between November 19-21. It comprised a fresh issue of shares worth ₹180 crore and an offer-for-sale (OFS) worth ₹320 crore from existing shareholders.
Shares were sold to investors at the upper end of the ₹114 - ₹120 per share price band. Proceeds of the fresh issue will be used to fund growth plans.
Allotment of shares was already done for eligible shareholders on Monday, November 24.
The three-day Excelsoft Technologies IPO witnessed a total subscription of over 43 times, as investors bid for 132.6 crore shares against the 3.07 lakh shares available, according to data available on the NSE.
Subscription was led by Non-institutional investors (NII) who subscribed to 101.7 times the total number of shares on offer, followed by Qualified Institutional Buyers (QIBs) at 47.55 times and retail investors, whose portion was subscribed 15.62 times the shares on offer.
Excelsoft Technologies is a global vertical SaaS provider in the learning and assessment space. Founded in 2000, it offers AI-driven assessment platforms, learning experience solutions, online proctoring, student success platforms and digital eBook tools.
The company's SARAS LMS, EnablED LXP and OpenPage digital books cater to the training and learning needs of educational institutions and corporates. It serves publishers, schools, universities, government agencies, businesses and defence bodies.
Excelsoft Technologies has operations across India, Singapore, the UK, Malaysia and the US. It partners with over 200 organisations and supports more than 300 million learners globally.
Excelsoft Technologies shares were up 3.2% at ₹139.32 apiece around 10.10 am on Wednesday.
Also Read: Sudeep Pharma IPO allotment: Steps to check status online, listing date and other key details
The shares gained nearly 19% from their issue price post-listing to ₹142.59 apiece.
The vertical software-as-a-service (SaaS) company's ₹500 crore initial public offering (IPO) was open for subscription between November 19-21. It comprised a fresh issue of shares worth ₹180 crore and an offer-for-sale (OFS) worth ₹320 crore from existing shareholders.
Shares were sold to investors at the upper end of the ₹114 - ₹120 per share price band. Proceeds of the fresh issue will be used to fund growth plans.
Allotment of shares was already done for eligible shareholders on Monday, November 24.
The three-day Excelsoft Technologies IPO witnessed a total subscription of over 43 times, as investors bid for 132.6 crore shares against the 3.07 lakh shares available, according to data available on the NSE.
Subscription was led by Non-institutional investors (NII) who subscribed to 101.7 times the total number of shares on offer, followed by Qualified Institutional Buyers (QIBs) at 47.55 times and retail investors, whose portion was subscribed 15.62 times the shares on offer.
Excelsoft Technologies is a global vertical SaaS provider in the learning and assessment space. Founded in 2000, it offers AI-driven assessment platforms, learning experience solutions, online proctoring, student success platforms and digital eBook tools.
The company's SARAS LMS, EnablED LXP and OpenPage digital books cater to the training and learning needs of educational institutions and corporates. It serves publishers, schools, universities, government agencies, businesses and defence bodies.
Excelsoft Technologies has operations across India, Singapore, the UK, Malaysia and the US. It partners with over 200 organisations and supports more than 300 million learners globally.
Excelsoft Technologies shares were up 3.2% at ₹139.32 apiece around 10.10 am on Wednesday.
Also Read: Sudeep Pharma IPO allotment: Steps to check status online, listing date and other key details
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