Excelsoft Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹120
Per ShareLot Size
125 Shares
Minimum Investment
₹15,000
Issue Size
₹500 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Excelsoft Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.6%
Promoter Holding (Post-Issue)
59.09%
Issue Type
Book Building
ISIN
INE606N01019
About the Company
Our Company is a global vertical SaaS company focused on the learning and assessment market. As per Arizton Report, the global SaaS market has seen rapid growth, with vertical SaaS emerging as a dominant trend that promises specialized, industry-tailored solutions. This shift has positioned vertical SaaS to grow at an even faster pace than general SaaS, with estimates suggesting that vertical SaaS could account for nearly 50% of the SaaS market by 2030. With over two decades of experience, we provide technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. Our platforms are cloud-based with open and industry standards-compliant APIs, ensuring scalability across organizations and users. Security and performance are core to our product offerings.
Industry Overview
As per Arizton Report, the global assessment & proctoring market was valued at $10.83 billion in 2024 and is expected to reach $21.26 billion by 2030, growing at a CAGR of 11.90%. The global assessment & proctoring market has observed significant growth in recent years due to advances in education technology, remote learning, and the need for secure and scalable solutions for conducting assessments. Geographically, this market exhibits distinct characteristics across regions, influenced by factors such as technological infrastructure, regulatory environments, adoption rates, and education system needs. North America is the largest and mature market for assessment and proctoring solutions because of the widespread adoption of e-learning platforms, remote proctoring services, and digital transformation in education. Companies in the assessment and proctoring market generate revenue through diverse streams, such as subscription-based revenue (monthly/annually), pay-per-use or test-based revenue, customization & integration services, data & analytics offering, and content development services to meet the needs of educational institutions, enterprises, and certification bodies.
Company History
Our Company was incorporated as a private limited company in the name "Excelsoft Technologies Private Limited" pursuant to a certificate of incorporation dated June 12, 2000 issued by the Registrar of Companies, Bangalore at Karnataka in accordance with provisions of the Companies Act, 1956. The name of our Company was subsequently changed to "Excelsoft Technologies Limited", upon conversion into a public company, pursuant to a shareholders' resolution dated July 22, 2024 and a fresh certificate of incorporation was issued by the Registrar of Companies, Bangalore at Karnataka dated September 17, 2024.
Products & Services
- The Company is a global vertical SaaS company focused on the learning and assessment market.
Growth Strategy
- To increase revenue from the existing customers and acquire new customers.
- To position our brand in the right manner.
- To innovate and improve the portfolio of our existing products and to create new products as per the need of the market.
- Augment sales & marketing efforts by having a team across different geographies.
- Look for synergistic acquisition opportunities to expand faster in the education technology market.
- To venture into the AI spectrum and develop AI based products.
- Develop modern and frontier technology to ensure that we provide the quality products to our customers.
- Strategies towards people culture and accountability.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 41,666,666 equity shares of face value Rs. 10/- each ("equity shares") of the company for cash at a price of Rs. 120/- per equity share (including a share premium of Rs. 110/- per equity share) ("offer price") aggregating to Rs. 500.00 crores (the "offer") comprising a fresh offer of 15,000,000 equity shares of face value Rs. 10/- each aggregating to Rs. 180.00 crores by the company (the "fresh offer") and an offer for sale of 26,666,666 equity shares of face value Rs. 10/- each aggregating to Rs. 320.00 crores by Pedanta Technologies Private Limited (and such offer for sale of equity shares by the selling shareholder the "offer for sale"). (the offer for sale and together with the fresh offer, the "offer"). The offer would constitute 36.21% of the post-offer paid-up equity share capital of the company. Price Band: Rs. 120/- for equity share of face value of Rs. 10 each. The floor price is 12.00 times times the face value times of the face value of the equity shares. Bids can made for a minimum of 125 equity shares and in multiples of 125 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Expertise in product engineering, development and implementation across assessments, digital learning & information management systems with robust product capabilities.
- Long term relationships with global customers.
- Expertise in delivering fully compliant digital learning and assessment solutions to clients globally.
- Flexibility to work with diversified technologies to provide the right-fit solution, driven by agile methodologies.
- Robust Operating Parameters.
- Its business subjects the company to risks in multiple countries where subsidiary companies and its customers are situated. The company derives a significant portion of its revenues from clients located in the United States of America, Singapore and the United Kingdom. Should the company expand its business operations in these jurisdictions and to other geographies, any adverse developments in these markets could adversely affect its business.
- A significant portion of its revenue over the last three Fiscals and the six months period ended September 30, 2024, is derived from Pearson Education Group. Any decrease in revenues from Pearson Education Group or any loss of business from Pearson Education Group may adversely affect its business, financial condition, cash flows and results of operations.
- Its ability to retain the customers is heavily dependent upon various factors including its reputation and the company ability to maintain a high level of service quality including its satisfactory performance for the customers. Any failures by it to retain or attract customers may impact its business and revenues.
- The company depends on certain key customers for a significant portion of its revenues (the company top 5, top 10 and top 20 customers contributed to 59.53%, 72.16% and 87.33%, respectively, of its revenue from operations in Fiscal 2024). Any decrease in revenues from any of its key customers or any loss of these customers may adversely affect the company business, financial condition, cash flows and results of operations.
- The Company had negative cash flow during certain fiscal years. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.