IPO Listed — 26 Nov 2025

Listing Price: ₹135.00 (+12.5% vs ₹120)

View GMP History →

IPO Details GMP Review

More sections

Other pages for this IPO

Subscription Allotment

Excelsoft Technologies IPO Review

Q: What was the actual listing price of Excelsoft Technologies IPO?

Excelsoft Technologies IPO listed on November 26, 2025 at ₹135.00, against the issue price of ₹120 — a gain of +12.5% (₹15 per share).

Q: What is the price band and lot size of Excelsoft Technologies IPO?

Excelsoft Technologies IPO is priced at ₹144-120 per share. The minimum lot size is 125 shares, making the minimum investment approximately ₹15,000 at the upper end of the price band. Subscription ran from 19 Nov 2025 to 21 Nov 2025.

Excelsoft Technologies IPO has been reviewed by 9 analysts, and the overall consensus is Apply — carrying a score of 71. Out of the 9 analysts who have covered this IPO, 5 recommend subscribing while 4 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹144-120 per share , with a minimum application size of 125 shares (minimum investment of approximately ₹15,000 at the upper band) . Subscription ran from 19 Nov 2025 to 21 Nov 2025. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

ETL is engaged in providing global vertical SaaS solutions and services. The company marked growth in its top lines till FY25, but posted severe setback in bottom line for FY24. The company is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears aggressively priced. Only well-informed/cash surplus/risk seekers may park moderate funds for long term.

Listing Gains

At the ₹120 upper band the notes value the issue at about 30 to 39.8 times FY25 earnings on post-issue capital. With five subscribe ratings against four neutral, the coverage was genuinely divided on whether that multiple is deserved, which pointed to a moderate listing rather than a strong one.

Short Term Strategy

The tension in the numbers is clear. Net profit grew at 24.4 percent CAGR between FY23 and FY25, but revenue CAGR stayed below 10 percent over the same period, so profit growth came from margin rather than scale. Operating margin was 31.0 percent in FY25.

Long Term Strategy

The positive notes take a medium to long-term view on the SaaS learning platform model, where high margins and recurring revenue are attractive. The reservation running through the neutral ratings is that profit cannot keep growing at more than twice the revenue rate indefinitely without top-line acceleration.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Analyst Verdict & Score
Detailed Review
Analyst Reviews
Frequently Asked Questions

Analyst Sentiment

Analytical Score

How it's calculated?

Apply

71 / 100

Recommend Subscribe

Based on 9 analyst reviews

5 / 9

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst	Verdict	View
Canara Bank Securities	Neutral
Adroit Financial Services	Apply
SBI Securities	Neutral
Lakshmishree Investment	Apply
Capital Market	Neutral
Swastika Investmart	Neutral
Kunvarji Wealth	Apply
Hem Securities	Apply
Reliance securities	Apply
Axis Capital	Not Rated
Systematix secrities ltd	Not Rated

Latest IPO Reviews

National Stock Exchange of India Strong Apply

100

Score

Jindal Supreme (India) Strong Apply

100

Score

SS Retail Strong Apply

100

Score

Hero Motors Neutral

Score

Frequently Asked Questions

Should I apply for Excelsoft Technologies IPO?

Based on analyst coverage tracked on this page, the overall verdict for Excelsoft Technologies IPO is Apply. Out of 9 analysts who have reviewed this IPO, 5 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 71 mean for Excelsoft Technologies IPO?

The score of 71 is an aggregate of all analyst ratings tracked for Excelsoft Technologies IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

What was the actual listing price of Excelsoft Technologies IPO?

Excelsoft Technologies IPO listed on November 26, 2025 at ₹135.00 , against the issue price of ₹120 — a gain of +12.5% (₹15 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Excelsoft Technologies IPO?

Excelsoft Technologies IPO was priced at ₹144-120 per share. The minimum lot size is 125 shares, making the minimum investment approximately ₹15,000 at the upper end of the price band. Subscription ran from 19 Nov 2025 to 21 Nov 2025.

Explore Excelsoft Technologies IPO Further

Track every stage of this IPO:

📈

GMP Today

Live grey market premium

📊

Subscription Status

Real-time bidding data

📋

Allotment Status

Check if you got shares

Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.