Thu Nov 20 04:00:00 UTC 2025: Summary:

Excelsoft Technologies, a SaaS company focused on learning and assessment, has secured Rs 150 crore from 10 anchor investors ahead of its Rs 500 crore IPO launch. The IPO, opening on November 19th, will have a price band of Rs 114-120 per share. The issue comprises a fresh issue of shares worth Rs 180 crore and an offer-for-sale of shares worth Rs 320 crore by the promoter. Anchor investors include Bengal Finance & Investment (associated with Ashish Kacholia), Bandhan Mutual Fund, and Societe Generale, among others. The company plans to use the proceeds for land acquisition, building construction, infrastructure upgrades, and general corporate purposes.

News Article:

Excelsoft Technologies Secures Rs 150 Crore from Anchor Investors Ahead of Rs 500 Crore IPO

Mumbai, November 18, 2024 – Excelsoft Technologies, a global vertical SaaS company specializing in the learning and assessment market, has raised Rs 150 crore from 10 anchor investors, paving the way for its Rs 500 crore Initial Public Offering (IPO) scheduled to open for public subscription on November 19th.

The IPO will be priced between Rs 114 and Rs 120 per share and will close on November 21st. It comprises a fresh issue of shares worth Rs 180 crore and an offer-for-sale (OFS) of Rs 320 crore worth of shares by promoter Pedanta Technologies.

The company has allocated 1.25 lakh shares to anchor investors at the upper price band of Rs 120. Notable anchor investors include Bengal Finance & Investment, associated with investor Ashish Kacholia, which picked up 50 lakh shares for Rs 60 crore. Bandhan Mutual Fund invested through two schemes, acquiring 8.33 lakh shares. Other participants include Societe Generale, GKFF Ventures, Sanshi Fund, BNP Paribas Financial Markets, Alphamine Absolute Return Fund, Shine Star Build-Cap, and Rajasthan Global Securities.

Excelsoft Technologies intends to utilize the fresh issue proceeds to fund land acquisition, construction of a new building at its Mysore facility, and upgrades to existing infrastructure. A portion of the funds will also be allocated to upgrading IT infrastructure and for general corporate purposes.

Anand Rathi Advisors is acting as the merchant banker for the IPO. The company’s performance will be closely watched as it seeks to leverage investor interest in the booming SaaS sector.

Read More