Excelsoft Technologies IPO: The IPO of the ₹700 Crore (approx.) public offer will open soon.

Excelsoft Technologies IPO: The IPO of the ₹700 Crore (approx.) public offer will open soon.

Excelsoft Technologies will soon become the new name of the stock market, as it is launching an IPO to raise ₹700 crore. The DRHP has been filed with SEBI on February 28 as its intention of going public. The IPO comprises fresh equity shares worth ₹210 crore and an Offer-for-Sale (OFS) of ₹490 crore. OFS Shares to Offload: The promoters to offload shares are Pedanta Technologies, which will unload shares worth ₹340 crore, Dhananjay Sudhanwa, who will sell shares worth ₹150 crore.

About Excelsoft Technologies

Excelsoft Technologies is a leading SaaS (Software as a Service) company focused on technology-driven learning and assessments. The firm was also exploring raising a pre-IPO round of up to ₹270 crore. In case the pre-IPO placement happens, the size of the fresh issue and/or the OFS part will be adjusted accordingly.

Utilization of IPO Proceeds

• Net proceeds from the IPO will be used for general corporate purposes, such as:
• Buying land and building a new structure.
• Albums to be added to existing Mysore, Karnataka plant
• Increasing external power systems.
• Upgrading IT infrastructure.
• Covering general corporate spending.”
• Anand Rathi Advisors is the sole book-running lead manager for the IPO.

Excelsoft Technologies: Financial Performance

Excelsoft Technologies has 71 clients in 17 countries. For the fiscal year 2024, the company reported a net profit of ₹12.75 crore, a 43% decline over the ₹22.4 crore net profit of last year. Nonetheless, the company’s revenue recorded a slight increase to ₹198.3 crore in FY24, as compared to ₹195.1 crore in FY23.

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Final Thoughts

A sectoral PSW of 40-45 suggests that the Excelsoft Technologies IPO is very favourably priced compared to prospective earnings. But, no investment is without some market risks to analyze closely. Important Disclaimer: Seek the advice of financial experts before making any investment or financial decisions.

The material contained on this site is for information purposes only. Investments in stock market are subject to market risk. You should consider consulting an independent financial adviser for the best investment decisions. Stock Market News—This article is not investment advice.