Excelsoft Technologies IPO Subscription Status Day 3 — Excelsoft Technologies IPO GMP Today (Excelsoft Technologies IPO सब्सक्रिप्शन स्टेटस)
Comprehensive bilingual (Hindi + English) analysis: subscription trends, GMP, financials, SWOT, peer comparison, and listing prediction. (पूर्ण विश्लेषण — सब्सक्रिप्शन, GMP, वित्तीय स्थिति, SWOT और लिस्टिंग अनुमान)
Introduction — Excelsoft Technologies IPO Day 3 Overview (परिचय)
The Excelsoft Technologies IPO reached Day 3 with significant investor interest. Traders and retail investors are actively tracking the Excelsoft Technologies IPO subscription status and Excelsoft technologies IPO GMP today to gauge listing chances. Excelsoft offers enterprise learning & assessment platforms, with a history of two decades and international clients.
About the Company — कंपनी का परिचय
Founded in 2000 and headquartered in Mysuru, Excelsoft builds LMS, assessment engines, and digital learning platforms for governments, universities and enterprises. Their model is largely SaaS-based with recurring contracts.
“Learning delivery has shifted to digital ecosystems — organizations now spend more on analytics-backed training than classroom formats.”
IPO Details — Price Band, Lot Size & Structure (इश्यू विवरण)
This was structured as an SME book‑building IPO with a price band and defined lot size. Investors should check the exact issue size and the reserved quotas for Retail, NII and QIB when applying.
Key IPO Structure (मुख्य बिंदु)
| Item | Detail (Example / Replace with final) |
|---|---|
| IPO Type | SME Book-Built |
| Price Band | ₹XX – ₹XX per share |
| Face Value | ₹10 |
| Lot Size | XX shares |
| Listing | BSE SME / NSE SME (as applicable) |
Fund utilization typically includes product development, geographic expansion, sales & marketing and working capital.
Subscription Status — Day 1 to Day 3 (सब्सक्रिप्शन स्थिति)
By Day 3 the IPO had strong oversubscription. Day-wise numbers showed accelerating demand, with Day 3 overall subscription reaching multiple times the issue.
| Day | Overall | Retail (RII) | NII | QIB |
|---|---|---|---|---|
| Day 1 | ~1.5× | ~1.95× | ~2.6× | ~0.01× |
| Day 2 | ~4.3× | — | — | — |
| Day 3 | ~23× (reported) | ~11.9× | ~68.4× | ~8.7× |
High NII and QIB interest on the final day is a positive signal for listing strength, but it may reduce allotment for individual retail applicants.
GMP Analysis & Listing Prediction — Excelsoft Technologies IPO GMP Today (GMP विश्लेषण)
Grey Market Premium (GMP) peaked early and cooled to moderate levels by Day 3. GMP is an unofficial indicator of potential listing gains. Investors should treat GMP as sentiment, not guarantee.
| Date | GMP (₹) | Approx Listing Upside |
|---|---|---|
| 17 Nov | ₹20 | ~16% (if upper band ₹120) |
| 19–20 Nov | ₹15–16 | ~12–13% range |
| 21 Nov (Day 3) | ₹14 | ~11–12% |
Base listing prediction combining Issue price and GMP: approx ₹130–₹140 per share in a medium-to-optimistic scenario. Always use conservative estimates when sizing your application.
Financials & Business Strength (वित्तीय प्रदर्शन और बिज़नेस स्ट्रेंथ)
Excelsoft shows steady revenue growth and improving margins. Revenue mix includes recurring SaaS contracts and enterprise projects, and the company operates with low leverage.
| FY | Revenue (₹ Cr) | Net Profit (₹ Cr) | Net Margin |
|---|---|---|---|
| FY 2022 | 130 | 18 | 13.8% |
| FY 2023 | 158 | 26 | 16.5% |
| FY 2024 | 201 | 39 | 19.4% |
Key strengths are high recurring revenue, improving margins, global client base and low debt. Monitor client concentration and R&D spend for product competitiveness.
Peer Comparison & Competitive Position (प्रतिद्वंद्वियों से तुलना)
Compared to peers like NIIT and MPS, Excelsoft is smaller in scale but shows stronger margins. Valuation multiples for SaaS peers range widely; Excelsoft may fit in a 3x–5x EV/Revenue band depending on execution.
| Peer | Segment | FY24 Rev (₹ Cr) | P/E (approx) |
|---|---|---|---|
| NIIT | Corporate Learning | 850 | 20–28 |
| MPS Ltd | Assessment | 240 | 25–35 |
| Excelsoft (IPO) | EdTech / LMS | 201 | — (pre-listing) |
Risk Analysis & SWOT (जोखिम और SWOT)
Major risks include client concentration, SME liquidity & volatility, intense competition, and tech obsolescence. Opportunities include AI adoption, government e-learning projects, and cross-selling to enterprise clients.
SWOT Snapshot
| Strengths | Weaknesses |
|---|---|
| Recurring revenue, high margins, global clients | Smaller scale, client concentration |
| Opportunities | Threats |
| AI adoption, govt projects, geographic expansion | Aggressive pricing by large rivals, regulatory changes |
Should You Apply? Investment Verdict (क्या आवेदन करें?)
Short-term: Apply for listing gains if you are comfortable with SME volatility — sentiment & GMP support listing probability. Long-term: Selective allocation OK if you believe in execution and monitor quarterly progress.
Investor Checklist
- Review final offer document & exact issue size
- Check top-5 client revenue concentration
- Decide allocation size vs risk tolerance
- Plan for possible allotment shortfall if oversubscribed
Conclusion — Final Thoughts (निष्कर्ष)
Excelsoft Technologies IPO has shown strong Day-3 subscription and healthy GMP sentiment. While listing gains look probable, investors must weigh SME liquidity risks and execution uncertainty. Conservative sizing and active monitoring post-allotment are recommended.
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