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Excelsoft Technologies gets Sebi nod for Rs 700-cr IPO
The Business Guardian
|August 03, 2025
Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has received markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial public offering (IPO).
The proposed IPO of the Karnataka-based company is a combination of a fresh issue of shares valued at Rs 210 crore and an offer-for-sale (OFS) of shares worth Rs 490 crore by the promoters, according to the draft red herring prospectus (DRHP).
The company, which filed its draft IPO papers in February, obtained Sebi's observations on July 21, an update with Sebi showed on Thursday.
In Sebi's parlance, receiving observations is equivalent to getting the go-ahead to proceed with a public issue.
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