Excelsoft Technologies IPO allotment: How to check status on BSE, NSE, and MUFG Intime India

Excelsoft Technologies, a vertical SaaS (software-as-a-service), will finalise the basis of share allotment for its ₹500 crore initial public offering (IPO) on Monday, November 24, following robust investor demand.

The IPO consisted of a fresh issue worth ₹180 crore and an offer-for-sale (OFS) of ₹320 crore from existing shareholders.

The issue, open for subscription from November 19 to 21, saw a huge response with a total subscription of over 43 times, as investors bid for 132.6 crore shares against the 3.07 lakh shares available.

The Non-Institutional Investor (NII) segment led the rally with a 101.7 times subscription, followed by Qualified Institutional Buyers (QIBs) at 47.55 times, and retail investors at 15.62 times. The price band for the IPO was fixed at ₹114–₹120 per share.

How to check Excelsoft Technologies IPO allotment status

On BSE:

1. Go to the BSE IPO allotment page.

2. Choose ‘Equity’ under the issue type.

3. Select ‘Excelsoft Technologies’ from the dropdown list.

4. Enter your Application Number or PAN.

5. Click on ‘Search’ to view your allotment details.

On MUFG Intime India Private Limited

1. Visit https://in.mpms.mufg.com/Initial_Offer/public-issues.html.

2. Click on the link for Excelsoft Technologies IPO.

3. Select ‘Excelsoft Technologies’ from the dropdown.

4. Enter any of the following — PAN, Application Number, or Demat Account ID.

5. Click ‘Submit’ to check your allotment status.

On NSE:

Investors can also verify their allotment on the NSE website by entering their PAN and Application Number under the IPO allotment section.

What happens next

Refunds to non-allottees and credit of shares to successful bidders’ demat accounts will be completed by November 25, while shares of Excelsoft Technologies are expected to list on the BSE and NSE on November 26.

The company will use the fresh issue to help the company fund growth plans.

About Excelsoft Technologies

Founded in 2000, Excelsoft Technologies Ltd is a global vertical SaaS provider in the learning and assessment space. The firm offers AI-driven assessment platforms, online proctoring, learning experience solutions, student success platforms and digital eBook tools.

Its SARAS LMS, EnablED LXP and OpenPage digital books cater to the training and learning needs of educational institutions and corporates. Excelsoft serves publishers, universities, schools, government agencies, defence bodies and businesses.

With operations across India, Malaysia, Singapore, the UK and the US, the company partners with more than 200 organisations and supports over 30 million learners worldwide.