Excelsoft Technologies Ltd, a leading global vertical SaaS company specializing in learning and assessment solutions, is set to launch its IPO on November 19, 2025.
The Upcoming IPO is a book-building issue aggregating up to ₹500 crores, comprising a fresh issue of ₹180 crores and an offer for sale (OFS) of ₹320 crores.
The shares listed on BSE and NSE, with a tentative listing date of November 26, 2025.
Excelsoft Technologies IPO Details
- Issue Size: ₹500 crores (Fresh Issue: ₹180 crores, OFS: ₹320 crores)
- Face Value: ₹10 per share
- Price Band: To be announced (TBA)
- Lot Size: To be announced (TBA)
- Subscription Dates: November 19 – 21, 2025
- Allotment Date: November 24, 2025
- Refund Initiation: November 25, 2025
- Listing Date: November 26, 2025
- Lead Manager: Anand Rathi Advisors Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
Business Overview
Founded in 2000, Excelsoft Technologies is a pioneer in AI-powered learning and assessment platforms.
The company offers a suite of products including SARAS LMS, EnablED LXP, OpenPage digital books, online proctoring, and student success platforms.
Its solutions cater to academic institutions, corporations, government agencies, and defense organizations, impacting over 30 million learners across India, Malaysia, Singapore, the UK, and the USA.
Notable clients include Pearson Education, AQA Education, Brigham Young University, and Ascend Learning LLC.
Financial Highlights (Last 3 Years)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total Income (₹ Cr) | 60.28 | 248.80 | 200.70 | 197.97 |
| Profit After Tax (₹ Cr) | 6.01 | 34.69 | 12.75 | 22.41 |
| EBITDA (₹ Cr) | 1.83 | 3.14 | 54.97 | 68.18 |
| Net Worth (₹ Cr) | 375.95 | 371.29 | 297.30 | 278.08 |
| Total Borrowing (₹ Cr) | 37.82 | 26.59 | 76.73 | 118.09 |
Key Performance Indicators (KPIs):
- ROE: 10.38%
- ROCE: 16.11%
- Debt/Equity: 0.05
- PAT Margin: 14.87%
- EBITDA Margin: 31.40%
- Pre-IPO EPS: ₹1.27
Objects of the IPO Issue
The net proceeds from the IPO may used for:
- Funding capital expenditure for land purchase and construction of a new building at the Mysore property (₹719.66 million)
- Upgrading the existing facility at Mysore, India (₹395.11 million)
- Upgrading IT infrastructure (software, hardware, and communications) (₹546.35 million)
- General corporate purposes
Competitive Strengths
- Strong client base with global reach
- AI-powered, scalable SaaS solutions
- Diversified revenue streams across education, corporate, and government sectors
- Robust financial growth with a 24% increase in revenue and a 172% rise in PAT between FY24 and FY25.
Summary: Excelsoft Technologies Ltd IPO presents a unique opportunity for investors seeking exposure to the rapidly growing EdTech and SaaS sectors. The company’s strong financials, global client base, and focus on innovation make it a compelling investment.
However, the Upcoming IPO is currently neutral, with no strong buy or sell signals from brokers or members. Investors should carefully evaluate the price band and market conditions before subscribing.
