Excelsoft IPO Subscription: The initial public offering of Karnataka-based Excelsoft Technologies opened for subscription on Wednesday, November 19. The vertical software-as-aservice (SaaS) company is focused on the learning and assessment market.
Excelsoft IPO GMP Today (grey market premium today) was trending upwards indicating its strong demand for the IPO.
Its owners plan to raise an estimated Rs 500 crore via offering new equity shares and Rs 320 crore via offer for sale (OFS). For investors who are tracking Excelsoft IPO subscription status and other details, here are all the details you need to know about the firm.
Excelsoft IPO GMP Today
Excelsoft IPO GMP was recorded at Rs 15, as per investorgain.com at 9:53 am on Wednesday. Hence, Excelsoft Technologies IPO’s estimated listing price is Rs 135 per share, indicating an expected percentage gain or loss per share at 12.5%.
Excelsoft’s lowest IPO stood at Rs 0 and the highest reached at Rs 30. As per the website, the recent IPO GMP indicates an upward trend indicating strong listing. However, investors must note, that GMP is unofficial and is not regulated, hence it doesn’t always indicate an accurate listing performance of an IPO.
Excelsoft IPO Subscription Status
The IPO has been subscribed by 0.39 times, including 0.56 times subscription in the retail category, and 0.50 times subscription in the NII category. However, there was no participation recorded by the QIB (ex-anchor) investors, as per Chittorgarh.com at 11 am.
About Excelsoft IPO
The IPO is a launch of fresh issue of 1.5 crore shares, aggregating to Rs 180 crores and an offer for sale of 2.67 crore shares, aggregating to Rs 320 crores. The IPO has opened for subscription on November 19 and will close on November 21, ie Friday. The company has fixed price band at Rs 114 to Rs 120 per share.
The lot size for an application is 125 shares, and retail investors are required to put a minimum of Rs 15,000 of investment. Whereas, sNIIs are required to purchase 14 lots worth Rs 2,10,000 and bNII are required to purchase 67 lots amounting to Rs 10,05,000.