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HomeIPOExcelsoft Technologies

About Excelsoft Technologies

Excelsoft Technologies Limited is a global vertical SaaS company focused on the learning and assessment market. Founded in 2000, the company offers AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms.The company's SARAS LMS, including EnablED LXP and OpenPage digital books, provides customized learning support to academic institutions and corporations to cater to their training, learning, and development requirements.Excelsoft provides services to a wide range of clients: educational publishers, universities, schools, government agencies, and businesses.Operating in India, Malaysia, Singapore, the UK, and the USA, the company works with more than 200 organisations and reaches over 30 million learners across the world.Some of its prominent long-standing clients include Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University – IDAHO and many more.The headcount of Excelsoft as of June 30, 2025, is 1,118.

Checklist Quality Analysis

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Excelsoft Technologies

Excelsoft Technologies

Open Date

19 Nov 2025

Close Date

21 Nov 2025

listed

Min Investment

₹15000

Lot Size

125 Shares

Issue Size

₹500 Cr

Price Range

₹114 - ₹120

Listing Date

Nov 26, 2025

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RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹6.5(+5.00%)GMP
5.42%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Excelsoft Technologies IPO - Issue Objectives

The company will use ₹61.76 crore to purchase land and construct new buildings at Mysore ₹39.51 Cr for Mysore facility's external electrical system upgrade. ₹54.63 Cr for IT infrastructure upgrade. Part of the IPO proceeds will be used for general corporate purposes.

Capital expenditure

34.31%

Funds for upgradation

21.95%

Upgradation of IT Infrastructure

30.35%

General corporate purposes

13.39%

1

Capital expenditure

The company will use ₹61.76 crore to purchase land and construct new buildings at Mysore

34.31%
2

Funds for upgradation

₹39.51 Cr for Mysore facility's external electrical system upgrade.

21.95%
3

Upgradation of IT Infrastructure

₹54.63 Cr for IT infrastructure upgrade.

30.35%
4

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes.

13.39%

IPO Subscription Status

QIB
50.06x
NII
107.04x
Individual
16.44x
Total
45.46x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Excelsoft Technologies

In Cr.

Key Performance Indicator30-Jun-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue60.28248.80200.70197.97
EBITDA1.833.1454.9768.18
Expenses
Profit After Tax6.0134.6912.7522.41
Assets478.34470.49421.03436.13
Net Worth375.95371.29297.30278.08
Reserves274.25269.66295.71276.48
Borrowing37.8226.5976.73118.09

Excelsoft Technologies - Promoter(s)

Pedanta Technologies Private Limited

Dhananjaya Sudhanva

Lajwanti Sudhanva

Shruthi Sudhanva

Pre Issue Share Holding

94.60%

Post Issue Share Holding

59.09%

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Proven expertise across assessments, digital learning

The company has established deep product engineering and implementation capabilities across the entire lifecycle of learning and assessment. Its solutions are built on scalable, secure, and cloud-based architectures, ensuring strong reliability and cost efficiency. Years of product development experience, combined with a user-centric design and adherence to global data privacy standards, make it a preferred technology partner for large educational institutions and enterprises.

02

Long-standing relationships with clients

The company served 101 clients as of June 2025, with 24 clients associated for over 10 years and 40 clients for 5–10 years, highlighting exceptional retention. This long-term loyalty provides stability, loyalty, competitive advantage, and growth potential, as well as serves as a barrier to entry for competitors.

03

Expertise in delivering digital learning globally

The company has built a strong global presence with subsidiaries in the UK, USA, Singapore, and India, and operations in Dubai, serving clients across major international markets. As of June 2025, the company generated 60.69% of its revenue from North America and 24.53% from Europe & the UK, demonstrating strong diversification and scalability beyond India.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

High revenue concentration

The company is significantly dependent on Pearson Education Group, which contributed 59.24% of revenue in Q1FY26, 58.79% in FY25, 46.51% in FY24, and 41.89% in FY23. Any termination or reduction in business from Pearson could materially affect revenues and cash flows. Although contracts are typically long-term (up to 10 years), they are terminable at will, exposing the company to client concentration risk.

02

Corporate guarantee exposure

The company has issued a ₹300 crore corporate guarantee on behalf of its promoter, Pedanta Technologies Pvt. Ltd., representing 79.80% of its net worth (₹375.95 crore) as of June 30, 2025. Any default by the promoter could trigger the guarantee, significantly impacting the company’s balance sheet strength and net worth.

Contact Details

Excelsoft Technologies

1-B, Hootagalli Industrial Area, Mysuru, Karnataka, 570018

+918214282247
ipo@excelsoftcorp.com
http://www.excelsoftcorp.com/

Registrar Contact Details

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
excelsofttechnologies.ipo@linkintime.co.in
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Excelsoft Technologies IPO - FAQs

Excelsoft Technologies IPO is a Mainboard IPO. The issue is priced at ₹114-120 per equity share. The minimum order quantity is 125 Shares. The IPO opens on 19 Nov, and closes on 21 Nov. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2025-11-14
  • Bidding Starts2025-11-19
  • Bidding Ends2025-11-21
  • Allotment Finalisation2025-11-24
  • Release of Funds2025-11-25
  • Demat Transfer2025-11-25
  • Listing2025-11-26
04

Flexibility to work with diversified technologies

The company leverages multiple technology stacks and agile methodologies to deliver customised, scalable assessment and learning solutions across K–12, certification, and corporate segments. It continuously invests in innovation, spending ₹3.02 crore in FY25 on employee upskilling in advanced tools like AI and AR/VR and others in the form of training programs, webinars, bootcamps, workshops and master classes. This ensures that the company is not tied to a single technology stack and can offer optimised solutions for its clients.

05

Strong operating parameters

The company operates with 1,118 employees, as of June 30, 2025, under a well-defined structure of standardised workflows, KPIs, and accountability systems to ensure operational consistency and scalability. These parameters support efficient resource utilisation, streamlined processes, and data-driven performance monitoring across business functions.

03

Exchange rate fluctuations risk

The company transact a significant portion of its business in several other currencies, primarily in USD (61.97%) and GBP (24.09%) as of June 2025. It reported an unrealised forex loss of ₹0.05 crore in Q1FY26 and does not currently hedge exposures. Any adverse movements in exchange rates could impact the company’s profitability and margins.

04

Dependency on limited verticals

A major portion of the company’s business is concentrated in two sectors: publishers and certification & testing agencies, which together contributed 78.03% of revenue in Q1FY26, 78.00% in FY25, 67.07% in FY24, and 70.03% in FY23. This heavy reliance exposes the company to sector-specific risks. Any slowdown in outsourcing trends, regulatory restrictions, or consolidation within these industries could reduce demand for its services.