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Tech-based learning and assessment solutions provider Excelsoft Technologies Ltd. is set to open its initial public offering worth Rs 500 crore for subscription on Wednesday.

The Excelsoft IPO offer consists of a fresh issue of up to Rs 180 crore and an offer for sale of 2.66 crore shares worth up to Rs 320 crore by promoter Pedanta Technologies Pvt Ltd.

Anand Rathi Advisors Ltd. is the sole book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue.

Investors can place bids in the price range of Rs 114 and Rs 120, according to a public advertisement. The minimum bid lot size is 125 equity shares, requiring an investment of Rs 15,000 on the upper price band.

Excelsoft IPO

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