Excelsoft Technologies’ ₹500-crore initial public offering (IPO) witnessed exceptionally strong investor interest on its closing day, recording a total subscription of 43.18 times.

Qualified institutional buyers (QIB) portion was subscribed 47.55 times, non-institutional investors (NII) an impressive 101.69 times, and the retail category 15.61 times. The robust response across all segments signals solid confidence in the company’s vertical SaaS business focused on learning and assessment solutions.

The IPO comprised a fresh issue of ₹180 crore and an offer for sale of ₹320 crore by the promoter entity and is priced in the band of ₹114–₹120 per share. The company plans to utilise the funds for land acquisition and construction of a new facility in Mysuru, upgrades to electrical systems,

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