The initial public offering (IPO) of Excelsoft Technologies, a global vertical SaaS company specialising in the learning and assessment market, will open for subscription on Wednesday, November 19. The company is aiming to raise ₹500 crore through the initial share sale.

The Karnataka-based company raised ₹150 crore from anchor investors, a day before the IPO launched for the public.

Bengal Finance & Investment, which is associated with well-known investor Ashish Kacholia, was the largest anchor investor, picking up 50 lakh shares for ₹60 crore, while 360 ONE Equity Opportunity Fund bought 20.83 lakh shares for nearly ₹25 crore.

Societe Generale, GKFF Ventures, Sanshi Fund, BNP Paribas Financial Markets, Alphamine Absolute Return Fund, Shine Star Build-Cap, and Rajasthan Global Securiti

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