Excelsoft's IPO allotment finalizes Nov. 24, shares list Nov. 26 after strong demand.

Excelsoft Technologies Ltd.'s IPO allotment is set to be finalized on November 24, 2025, with shares expected to be credited to demat accounts and refunds issued by November 25. The ₹500 crore IPO, priced at ₹114–120 per share, saw 43.19 times subscription, driven by strong demand from non-institutional investors and retail applicants. A grey market premium of ₹8 suggests a potential listing price of ₹128, about 7% above the issue price. The company, based in Mysuru, offers AI-powered SaaS solutions for education and assessment, reporting ₹248.8 crore in revenue and ₹34.7 crore in net profit for FY25. Proceeds from the fresh issue will fund infrastructure and technology upgrades. The stock is scheduled to list on BSE and NSE on November 26.