Excelsoft Technologies IPO Allotment Status Out Today; Investors Eye 6.25% Listing Gain After 45x Subscription

Bengaluru-based Excelsoft Technologies will finalise the allotment for its Rs. 500 crore IPO after the public issue saw strong demand across investor categories. The bidding for Excelsoft Technologies IPO opened on November 19 and closed on November 21, with the company now set to debut on the BSE and NSE on November 26.

Excelsoft Technologies IPO Subscription Data

During the subscription days, the issue was oversubscribed 45.46 times overall due to massive demand during the three-day window.
Category-wise, retail subscription stood at 16.44 times, while the NII & QIB segments bid 107.04 times & 50.06 times, respectively.

How to Check Excelsoft IPO Allotment Status

After the close of bidding, the registrar verifies applications and finalises the Basis of Allotment as per the SEBI regulations. Invalid or technically incorrect bids are rejected during the scrutiny process. Refunds to unsuccessful bidders are processed automatically.

Due to heavy oversubscription, most retail applicants are likely to receive shares through a lottery-based allotment. Investors can verify their allotment through any of the official platforms:

On the BSE

Step 1: Visit the BSE IPO allotment page.
Step 2: Select Excelsoft Technologies IPO
Step 3: Enter PAN or application number.
Step 4: Submit to view status

On the NSE

Step 1: Go to the NSE IPO allotment section.
Step 2: Search for the issue.
Step 3: Enter PAN or application number.

On The Registrar Website; MUFG Intime India

Step 1: Visit the registrar portal.
Step 2: Select the IPO name.
Step 3: Enter PAN, application number, or Demat ID.

Excelsoft Technologies IPO Details

The book-built issue comprises a fresh issue of 1.50 crore shares worth Rs. 180 crore and an offer for sale (OFS) of 2.67 crore shares totalling Rs. 320 crore from existing shareholders. The IPO price band was fixed at Rs. 120 per share.

What to Expect on Listing Day

Excelsoft Technologies is set to make its stock market debut on November 26, and all eyes will be on whether the shares list at a premium after strong subscription demand. As per the latest grey market trend, the Excelsoft Technologies IPO GMP stands at Rs. 7.5 as of November 24. Investors are now hoping for the listing price to be around Rs. 127.5, indicating a possible 6.25% listing gain.