Dhananjaya Sudhanva, Chairman & Managing Director, Excelsoft Technologies Limited at a press conference in connection with the company’s forthcoming Initial Public Offering (IPO)
(L-R) V. Prashant Rao, Executive Director, Anand Rathi Advisors Limited; Prashanth H M, Head Strategy, Excelsoft Technologies Limited; Dhananjaya Sudhanva, Chairman & Managing Director, Excelsoft Technologies Limited and Adarsh M S, Vice President – Products & Innovation, Excelsoft Technologies Limited at a press conference in connection with Excelsoft’s forthcoming Initial Public Offering (IPO)
MUMBAI, (RMN.IN): Karnataka-based Excelsoft Technologies Ltd IPO will open on Wednesday, November 19, and will close on Friday, November 21. The anchor book will open on Tuesday, November 18. The IPO price band has been fixed in the range of Rs114 to Rs120 per equity share of the face value of Rs.10.
The floor price and the cap price are 11.40 times and 12 times the face value of the equity shares . The Excelsoft Technologies IPO lot size is 125 equity shares and in multiples of 125 equity shares thereafter.Excelsoft Technologies IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
The Company Management and Spokesperson for the IPO Mr.Dhananjaya Sudhanva, Chairman and Managing Director; Mr JR Maheshkumar, COO;
Mr. Subramaniam Ravi, CFO and Mr. Prashanth HM, Head Strategy interacted with GPN.
Promoters hold a 94.60% ownership stake in the company, with the remaining 5.4% of shares owned by the public.
On the financial front, Excelsoft reported revenue from operations of Rs 233.29 crore with a profit after tax of Rs 34.69 crore in FY25.
The company plans to generate ₹180 crore by issuing new shares, while promoter Pedanta Technologies intends to sell shares valued at up to Rs320 crore through an offer-for-sale.The total size of the offer has been revised down from the previously planned Rs700 crore as per the draft documents submitted to SEBI in February of this year. The capital markets regulator granted approval for the IPO documents in July. The initial offer included a fresh issue of shares worth Rs210 crore, alongside an offer-for-sale of shares totaling Rs490 crore.
Tentatively, Excelsoft Technologies IPO basis of allotment of shares will be finalised on Monday, November 24 and the company will initiate refunds on Tuesday, November 25 while the shares will be credited to the demat account of allottees on the same day following refund. Excelsoft Technologies share price is likely to be listed on BSE and NSE on Wednesday, November 26.
