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Excelsoft Technologies IPO Day 1: The initial public offering (IPO) of Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, opened on Wednesday, November 19. The IPO has been fully subscribed on Day 1, despite a fall in GMP.

Till 4:00 pm on Day 1, the Excelsoft Technologies IPO received 1.39x subscription, garnering bids for 4,05,98,000 shares as against the 2,91,66,667 shares on offer. Its retail category got 1.82x subscription, while its non-institutional investor (NII) quota got 2.25x subscription.

The strong subscription comes a day after a stellar listing of the PhysicsWallah IPO, in which investors gained a nearly 50% gain in a day. The Groww IPO also saw a blockbuster post-listing run, risi

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