- Anchor Investor Bidding Date – Tuesday, November 18, 2025
- Bid /Offer Opening Date – Wednesday, November 19, 2025, and Bid/ Offer Closing Date – Friday, November 21, 2025
- Bids can be made for a minimum of 125 Equity Shares and in multiples of 125 Equity Shares thereafter
- ₹500 crore public issue includes fresh issue of ₹180 crore and OFS of ₹320 crore
- Proceeds to strengthen product platforms, expand global EdTech footprint and bolster working capital
NE BUSINESS BUREAU
AHMEDABAD, NOV 15
Excelsoft Technologies Limited, a Mysuru-based EdTech and digital learning solutions company, on Friday announced that its Initial Public Offering (IPO) will open for subscription on Wednesday, November 19, 2025, with the Anchor Investor bidding slated for Tuesday, November 18, 2025. The issue will close on Friday, November 21, 2025.
The IPO price band has been set at ₹114 to ₹120 per equity share of face value ₹10 each. Investors can bid for a minimum of 125 equity shares and in multiples of 125 thereafter.
Issue Structure & Size
The total issue size aggregates to ₹500 crore, comprising:
Fresh Issue
- ₹180 crore
Proceeds from the fresh issue will be utilised for: - Scaling up the company’s flagship learning and assessment platforms
- Investment in product R&D and AI-driven EdTech solutions
- Strengthening working capital
- Expansion of international presence across the US, Middle East and Southeast Asia
- Proceeds from the fresh issue worth ₹ 61.76 crore will be used to fund the purchase of land and construction of a new building at the Mysore Property, and Rs 39.51 crore for upgradation, including external electrical systems of its existing facility at Mysore.
- Funds worth ₹ 54.63 crore will also be used for funding upgradation of the company’s IT Infrastructure, and the balance towards general corporate purposes
Offer for Sale (OFS)
- ₹320 crore
Offered by Pedanta Technologies Private Limited, the company’s promoter entity.
Company Overview
With over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. Karnataka-based Excelsoft actively implements artificial intelligence (AI) in its products and services. It includes building LLMs (proprietary and hybrid), small LLMs that are device specific, and AI agents that provide intelligent user experience in both learning and assessment products.
The company’s long-standing clients are Pearson Education, AQA Education, Colleges of Excellence, NxGen Asia Pte Ltd, Pearson Professional Assessments, Brigham Young University – IDAHO, Training Qualifications UK, and Excel Public School and The Chartered Quality Institute
Financial Highlights
Excelsoft reported revenue from operations of ₹ 233.29 crore with a profit after tax of ₹s 34.69 crore in FY25.
Promoter Background
Pedanta Technologies Private Limited, the promoter, has been instrumental in driving Excelsoft’s product innovation and international expansion. The promoter group has over two decades of experience in EdTech product development, enterprise solutions and education analytics.
The OFS component in the IPO represents a calibrated partial stake dilution while retaining long-term strategic control.
Share Allocation Structure
As per SEBI guidelines, the IPO is expected to allocate:
- Not less than 35% to retail individual investors
- Not less than 15% to non-institutional investors (NIIs/HNIs)
- Up to 50% to qualified institutional buyers (QIBs), including anchor investors
Listing & BLRM
The equity shares are proposed to be listed on both BSE and NSE. Anand Rathi Advisors Limited is acting as the sole Book Running Lead Manager (BRLM).
IPO Outlook
With expanding global demand for high-quality digital learning systems and AI-powered assessments, Excelsoft’s IPO is positioned to attract interest from both institutional and retail investors seeking exposure to India’s fast-growing EdTech technology sector.
