Excelsoft Technologies to Open IPO on November 19
AI-driven learning and assessment pioneer announces price band of ₹114–₹120 per share
Company founded by Dhananjaya Sudhanva unveils ₹5,000 million issue
Excelsoft IPO Opens Next Week; Price Band Set at ₹114–₹120
AI-powered vertical SaaS provider eyes expansion across global learning and assessment markets
Excelsoft Technologies Announces ₹5,000 Million IPO
Global clientele, award-winning platforms, and two decades of innovation highlight company’s growth story
Excelsoft Brings Its AI-Driven Learning Solutions Story to the Markets
Bilkul Bazaar
Ahmedabad | 15 Nov 2025
Excelsoft Technologies Limited, a global provider of AI-powered learning and assessment solutions, will open its Initial Public Offering (IPO) on Wednesday, November 19, 2025, with the issue closing on Friday, November 21, 2025.
he Mysore-headquartered company—founded by Chairman & Managing Director Dhananjaya Sudhanva, who started the venture over two decades ago from a garage with a single computer—has grown into a global vertical SaaS leader serving some of the world’s most sophisticated education and assessment ecosystems.
During a media interaction in Ahmedabad, Chairman & MD Dhananjaya Sudhanva, Vice President–Products & Innovation Adarsh M. S., Executive Director (Anand Rathi Advisors Ltd.) Atul Thakkar, and Head of Strategy Prashanth H. M. shared details about the company’s growth journey, innovations, and IPO plans.
IPO Snapshot
Price Band: ₹114 – ₹120 per equity share (Face value ₹10 each)
Anchor Investor Bidding: Tuesday, November 18, 2025
Issue Opens: Wednesday, November 19, 2025
Issue Closes: Friday, November 21, 2025
Lot Size: Minimum 125 shares and multiples thereafter
Issue Structure:
Fresh Issue: ₹1,800 million
Offer for Sale: ₹3,200 million by Pedanta Technologies Pvt. Ltd.
Listing: BSE and NSE
Book Running Lead Manager: Anand Rathi Advisors Limited
RHP Link: Available on lead manager’s website
Regulatory Framework: Book Building Process under SEBI ICDR Regulations
Excelsoft: Powered by AI, Built on Integrity
Founded in 2000, Excelsoft is today a global vertical SaaS company specialising in digital learning and assessments, offering a suite of AI-driven products including:
Test & assessment platforms
Online proctoring systems
Learning experience platforms
Student success platforms
Digital eBook and content delivery solutions
The company powers mission-critical learning and assessment infrastructure for educational institutions, corporations, certification bodies, governments, and defence organizations across India, UAE, UK, US, Singapore, and Malaysia.
Over the years, Excelsoft has earned global accolades including the e-Assessment Association Award and multiple Brandon Hall Group Awards, reflecting its innovation, engineering depth, and commitment to world-class technology standards.
“Our philosophy has always been to anticipate global trends in learning and assessment and build products that stand the test of time and scale,” said Adarsh M. S., VP – Products & Innovation.
Vision Rooted in Innovation: From a Garage to Global EdTech Leadership
The company’s remarkable journey began when Dhananjaya Sudhanva set up Excelsoft in a modest garage with a single computer—driven by the conviction that technology would reshape how the world learns and evaluates talent.
“What we built in that small garage 25 years ago has today transformed into a global platform touching millions of learners worldwide. This IPO marks not just a financial milestone, but a reaffirmation of the values and vision we started with—innovation, integrity, and impact,” said Dhananjaya Sudhanva, Chairman & Managing Director of Excelsoft Technologies Limited.
Executive Director at Anand Rathi Advisors Ltd., Atul Thakkar, added:
“Excelsoft operates in one of the fastest-growing vertical SaaS segments. Its robust product portfolio, blue-chip global clientele, and long-term contracts provide strong visibility and growth momentum. The IPO will support the next phase of expansion and innovation.”
Offer Structure & Allocation Framework
The IPO will be conducted through the Book Building process, with allocation as per SEBI ICDR Regulations:
QIB Portion: Not more than 50% of the offer; up to 60% may be allocated to Anchor Investors (with one-third reserved for domestic mutual funds).
NII Portion: Not less than 15%, subdivided into two categories based on application size (₹0.20M–₹1M and above ₹1M).
Retail Portion: Not less than 35% of the offer.
All bidders other than Anchor Investors must apply through the ASBA mechanism, including UPI for retail investors.
A Global End-to-End Assessment Technology Partner
With over two decades of domain expertise, Excelsoft today delivers end-to-end digital assessment and learning solutions compliant with global technology, security, and quality standards.
“We have always strived to create new paradigms in digital learning and assessment. Our AI-powered platforms and engineering excellence continue to differentiate us in global markets,” said Prashanth H. M., Head of Strategy.
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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