Excelsoft Technologies confirmed its ₹500 crore initial public offering will open on November 19, 2025. The Mysuru-based SaaS provider plans to utilize funds for R&D, cloud infrastructure, and global market expansion. The company’s FY25 revenue stood at ₹1,240 crore with net profit of ₹186 crore, representing 32% growth year-on-year. Retail investor quota is fixed at 35%, and institutional allocation accounts for 50%. Brokerages rated the IPO ‘subscribe’ citing consistent profitability and strong presence in education and enterprise technology solutions segments.