New Delhi, Nov. 21 -- The initial public offering (IPO) of Excelsoft Technologies, which opened on Wednesday, November 19, is set to conclude today, November 21. The issue was oversubscribed 6.89 times as of the second day of the share sale on Thursday.

Excelsoft Technologies' IPO price band is fixed at Rs.114-120 per share, giving the company a valuation of approximately Rs.1,380 crore at the upper end of the issue price.

In the IPO, Excelsoft Technologies has reserved a maximum of 50% of the shares for qualified institutional buyers (QIB), at least 15% for non-institutional investors (NII), and a minimum of 35% for retail investors.

The allotment for Excelsoft Technologies IPO will be finalised on Monday, November 24, with refunds to...