India’s Excelsoft Technologies files ₹500 crore IPO amid strong demand

Excelsoft Technologies launches a ₹500 crore IPO in India, combining fresh issue and OFS, signalling renewed investor interest in technology-services listings amidst improving market sentiment.

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India’s Excelsoft Technologies files ₹500 crore IPO amid strong demand

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India’s Excelsoft Technologies files ₹500 crore IPO amid strong demand
Excelsoft Technologies launches a ₹500 crore IPO in India, combining fresh issue and OFS, signalling renewed investor interest in technology-services listings amidst improving market sentiment.
Excelsoft Technologies has filed a ₹500 crore IPO (about US$60 million) which opens on 19 November and comprises a ₹180 crore fresh issue plus a ₹320 crore offer-for-sale. Early signals show strong investor appetite in India’s tech and industrial listings after a lull. Fund managers say the IPO could mark a resurgence of listings in the technology-services space if the domestic equity market maintains stability. 

The company aims to use proceeds for expansion of service offerings and global delivery centres.

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