Excelsoft Technologies opened its ₹500 crore IPO on November 19, 2025, with a price band of ₹155–₹165 per share. The company reported FY25 revenue of ₹612 crore from SaaS-based education platforms. Tenneco Clean Air India’s ₹3,600 crore issue opened concurrently, focusing on automotive exhaust and emission control systems. Both IPOs close November 21, 2025. Preliminary exchange data indicated retail subscription exceeding 1.8× within the first day. Combined proceeds rank among the largest mid-cap offerings of Q4 FY25 in India.