Excelsoft Technologies IPO Sees Exceptional Demand, Subscribed 45.46x on Day 3

Excelsoft Technologies Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third day of subscription. The stock price band is set at ₹114-120 per share. The ₹500.00 crore IPO reached 45.46 times by 5:34:33 PM on day three. 

Excelsoft Technologies IPO non-institutional investors segment leads with exceptional 107.04 times subscription. Qualified institutional buyers demonstrate exceptional participation at 50.06 times. Retail investors display exceptional interest at 16.44 times. Anchor investors show complete participation at 1.00 times.
 

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Excelsoft Technologies IPO subscription reached exceptional 45.46 times on day three. It was led by Non-Institutional Investors (107.04x), Qualified Institutional Buyers Ex-Anchor (50.06x), and Retail Investors (16.44x). Total applications reached 17,48,690.

Subscription Status of Excelsoft Technologies IPO:

Here are the subscription details for Excelsoft Technologies IPO as of Day 3 (November 21, 2025, 5:34:33 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 45.46 times, showing extraordinary improvement from day two's 7.32 times
• Qualified institutional buyers (ex-anchor) showing exceptional performance at 50.06 times, building dramatically from day two's 0.09 times, indicating very strong institutional appetite for this SaaS company
• Retail investors displaying exceptional confidence at 16.44 times, building substantially from day two's 6.34 times, indicating robust retail demand
• Total applications reached 17,48,690, showing exceptional investor participation for this mainboard IPO, a significant increase from day two's 6,23,694 applications
• Cumulative bid amount reached ₹15,910.89 crores, significantly exceeding the net offer size of ₹350.00 crores (excluding anchor portion) by over 45 times
• Anchor investors fully subscribed their allocation of ₹150.00 crores on November 18, 2025
   

Key Highlights - Day 2:

• Overall subscription reached strong 7.32 times, showing substantial improvement from day one's 1.56 times
• Non-institutional investors displaying exceptional interest at 19.23 times, building dramatically from day one's 2.60 times
• Retail investors showing strong performance at 6.34 times, building substantially from day one's 2.01 times
• Qualified institutional buyers showing minimal participation at 0.09 times, marginally improving from day one's 0.01 times
   

Key Highlights - Day 1:

• Overall subscription reached strong 1.56 times, showing robust initial investor interest
• Non-institutional investors displaying moderate confidence at 2.60 times, indicating measured HNI appetite
• Retail investors showing moderate performance at 2.01 times, indicating healthy retail interest
• Qualified institutional buyers showing minimal participation at 0.01 times, indicating negligible institutional appetite
   

About Excelsoft Technologies Limited

Founded in 2000, Excelsoft Technologies Limited is a global vertical SaaS company specializing in the learning and assessment market. The company provides AI-powered applications, test and assessment platforms, online proctoring solutions, learning experience platforms, student success platforms, and digital eBook platforms. Excelsoft's SARAS LMS, including EnablED LXP and OpenPage digital books, offer tailored learning support for academic institutions and corporations.