New Delhi, Nov. 21 -- The initial public offering of Excelsoft Technologies Ltd was oversubscribed by 6.89 times on the second day of the sale on Thursday. The Excelsoft Technologies IPO is set to conclude on Friday. Excelsoft Technologies IPO price band has been established at Rs.114-120 per share, giving the company a valuation of approximately Rs.1,380 crore at the higher end.

In the public offering, Excelsoft Technologies has allocated 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 basis for allotting shares in the Excelsoft Technologies IPO will be determined on Monday, November 24, with refunds being process...