Excelsoft Technologies IPO GMP Falls to Zero Ahead of Opening on Nov 19: Everything A Investors Should Know

The Excelsoft Technologies IPO is all prepared to open for subscription on November 19th, but just two days before the issue goes live, the Excelsoft IPO GMP has dropped to zero, surprising retail investors. A day earlier, the same IPO was trading at a premium of Rs. 30; however, the sudden slide to Rs. 0 has shifted investors' sentiments.

Key Details of the Excelsoft Technologies IPO

The Excelsoft Technologies IPO is a book-built issue worth Rs. 500 crore, comprising both a fresh issue and an offer for sale.
The IPO will open for bidding on November 19 and close on November 21st. The Excelsoft IPO allotment date is scheduled for November 24, and the listing on BSE and NSE is expected on November 26.

For investors looking to invest in the IPO, the issue has a price band of Rs. 114 to Rs. 120 per share, and the minimum investment that can be made by a retail investor is Rs. 15,000, which means 125 shares or 1 lot. This IPO is relatively affordable for small investors.

Excelsoft IPO GMP Trend

At present the Excelsoft Technologies IPO GMP today stands at Rs. 0, according to the latest data from the Investorgain website. This is a sharp decline from the previous sessions, where the GMP stood at 25% and 16.67% on 15th & 16th November, respectively.

Should Investors Subscribe to the Excelsoft Technologies IPO?

The GMP drop does not change the fundamentals of the company. Axis Bank, in its IPO note, recommends the Excelsoft Technologies IPO as a "BUY" based on its strong business fundamentals, innovative AI-based products, scalable SaaS platform in the learning and assessment market, and strong financial performance with growth potential.

"The valuation is reasonable compared to listed peers, further supporting a positive investment outlook. Considering these factors, we assign a 'BUY' rating to the Excelsoft Technologies IPO and advise investors to subscribe," the report further noted.

About Excelsoft Technologies

Excelsoft is a well-known education and learning solutions company specialising in e-learning platforms, digital assessment tools, and knowledge management systems. It caters to schools, universities, corporates & global training institutions.

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