Mumbai, Nov. 24 -- Excelsoft Technologies received bids for 1,32,59,07,375 shares as against 3,07,01,754 shares on offer. The issue was subscribed 43.19 times.

The Non-Institutional Investors category was subscribed 101.69 times, Qualified Institutional Buyers (QIB) category was subscribed 47.65 times and the Retail Individual Investors category was subscribed 15.62 times.

The issue opened on 19 November 2025 and it closed on 21 November 2025. The price band of the IPO was fixed between Rs 114 and 120 per share.

The IPO consists of a fresh issue of Rs 180 crore and offer for sale of Rs 320 crore. Excelsoft proposes to utilise Rs 61.7 crore from the net fresh issue proceeds for purchase of land and construction of new building at the My...