Excelsoft Technologies Ltd. | Globe Capital Market LTD.
Excelsoft Technologies Ltd.
Closed
Price Band
₹114 to ₹120 per share
IPO Issue Period
November 19, 2025 to November 21, 2025
Issue Size
₹500.00 Cr
Face value
₹10 per share
Fresh issue
₹180.00 Cr
Offer for sale
₹320.00 Cr
Minimum Shares for Retail
125 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
MUFG Intime India Pvt.Ltd.
Tentative Listing Date
Wed, Nov 26, 2025
QIB
50%
NII
15%
Retail
35%

Anand Rathi Advisors Ltd.

Excelsoft Technologies Limited is a global vertical Software-as-a-Service (SaaS) company strategically positioned in the rapidly growing learning and assessment market. The company operates through two primary segments: AI-driven high-stakes Assessment and comprehensive Learning Systems.

The Assessment segment, featuring platforms like Saras eAssessment and easyProctor, provides secure, scalable, and compliant solutions for qualifications and certification bodies, government entities, and universities. The Learning segment offers a suite of products, including the SARAS LMS, EnablED Learning Experience Platform (LXP), and CollegeSPARC student success solutions, helping academic institutions and publishers manage digital learning and development requirements.

Excelsoft maintains a technology edge through continuous innovation, relying on a strategic blend of proprietary, open-source, and commercial Large Language Models (LLMs) to enhance its product offerings and deliver intelligent user experiences. The company serves 76 enterprise clients across 19 countries through long-term contracts. While serving a diverse international client base, the company derives a significant portion of its revenue from its long-standing relationship with the Pearson Education Group. This focused approach has enabled Excelsoft to demonstrate consistent growth in both revenue and profit after tax between Fiscal 2023 and Fiscal 2025.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 248.80 200.70 197.97
Profit After Tax 34.69 12.75 22.41
EPS 3.47 1.27 2.24
EBITDA Margin (%) 31.40 27.72 34.94
PAT Margin (%) 14.87 6.43 11.49

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Excelsoft Technologies Limited 1381.01* 120 3.23 57.46 248.80 34.69
MPS Limited 3963 2317 8.09 24.2 727 149
Ksolves India Limited 745 314 22.50 24.0 137 34
Silver Touch Technologies Limited 1018 802 7.02 39.2 288 22
Sasken Technologies Limited 2159 1426 2.70 55.0 551 51

*Market cap @upper band

 

  • Product & Tech Prowess: Expertise in robust assessment and learning product engineering, development, and implementation.
  • Strong Client Relations: Maintains long-term relationships with major global customers and provides compliant solutions.
  • Agile Tech Flexibility: Leverages diversified technologies and agile methodologies to deliver right-fit solutions.

Experienced Leadership: Led by an experienced management team and promoters with strong product expertise.

The Company EXCELSOFT TECHNOLOGIES LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Funding of capital expenditure for purchase of land and construction of new building at the Mysore Property. (₹ 71.97 Cr.)
  • Funding expenditure for upgradation including external electrical systems of our Existing Facility at Mysore, India. (₹ 39.51 Cr.)
  • Funding upgradation of our Company’s IT Infrastructure (Software, Hardware and Communications & Network Services). (₹ 54.64 Cr.)
  • General Corporate Purposes

At the upper band of IPO ₹ 120, the stock is valued at P/E 57.46 multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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