5 things you need to know before investing in Excelsoft Technology’s IPO

November 18, 2025

The Indian IPO market is on an upward trend, driven by rising confidence from mutual funds, insurance companies and individual investors.

In the last financial year (FY25), 79 motherboard IPOs were recorded. Of these, 54 were quoted at a premium, 16 at a discount and 9 at face value, underscoring the continued optimism of investors.

The primary market will take a breather as only two new IPOs open for subscription this week.

The latest in this series is Excelsoft technology.

#1 What are the activities of Excelsoft Technology?

Founded in 2000, Excelsoft Technology is a global SaaS provider specializing in learning and assessment solutions via cloud-based platforms.

The company has built a strong presence across all geographies and serves 76 customers across 19 countries as of August 31, 2025.

The company’s product portfolio includes AI-powered applications, testing and assessment platforms, online proctoring solutions (easy proctor), learning experience platforms and the Saras e-assessment platform.

Excelsoft serves a broad mix of customers, from publishers and universities to government and defense agencies – in India, Malaysia, Singapore, the UK and the US.

It works with more than 200 organizations and reaches more than 30 million (million) students worldwide.

#2 What makes this IPO so special?

• Niche segment: The company operates in a niche segment of the SaaS market: vertical SaaS for learning and assessment.
• Product engineering expertise: The company specializes in creating and implementing assessment platforms, digital learning tools and information management systems that scale across institutions.
• Compliance-ready learning and assessment: It delivers digital learning and assessment that meets global compliance standards, making it easy for customers to deploy across geographies.
• Long-term global customers: The company serves a global customer base and has built long-standing relationships with leading international education and publishing giants such as the Pearson Education group, giving it recurring revenue and a strong foundation.

#3 What are the details of Excelsoft Technology’s IPO?

Key details of Excelsoft Technology’s IPO are as follows:

• IPO opening date: November 19, 2025
• IPO closing date: November 21, 2025
• Price range: Rs 114 to Rs 120 per share
• Lot size: 125 shares
• Application limit: The minimum investment amount for retail investors is Rs 15,000 (125 shares).
• Problem scope: The issue is a combination of a fresh issue of 15 million shares for an aggregate consideration of Rs 1.8 billion (billion) and an offer for sale of 26.7 million shares for an aggregate consideration of Rs 3.2 billion.
• Nominal value: Rs 10 per share
• Basis of assignment: November 24, 2025
• Date of mention: November 26, 2025
• Exchanges: BSE and NSE

#4 What are the company’s financials?

The company reported a good set of numbers for FY25. Revenue growth bounced back to 17.65%, a big jump from the nearly flat 1.64% growth in the previous year.

The real highlight was profitability. Net profit rose to Rs 3.5 billion, well ahead of both FY24 and FY23. Net profit margin increased from 6.43% to 14.87%, highlighting smarter cost management and a more favorable business mix.

Data source: RHP

#5 What are the risk factors of the IPO?

The main risk factors of Excelsoft Technology’s IPO include…

• Customer concentration: Due to the high customer concentration, the loss of one of the major customers can impact the company’s financial performance.
• Dependence on one sector: Any headwinds such as slowdowns, regulatory changes and budget cuts in these sectors could impact demand.
• Technology and cybersecurity: The business involves high-stage reviews; any security breach or technical glitch could damage the trust built up by the company.
• Continuous innovation: The company must continuously innovate. A failure on this front could land the company in trouble and result in a loss of market share.

Should Investors Consider Excelsoft’s IPO?

As the data shows, both blended learning and online learning are expected to grow faster than traditional face-to-face training in the coming years.

The global shift to digital and blended learning is creating a strong tailwind for companies like Excelsoft. Because it specializes in digital learning and assessment, this transition plays directly to its strengths.

More and more organizations around the world are moving their training, testing and upskilling processes online, allowing the company to tap into a broad market and room to scale.

Investors should evaluate the company’s fundamentals, corporate governance and stock valuations as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for informational purposes only. It is not a stock recommendation and should not be treated as such. Read more about our referral services here…