positive
Recently
India’s SaaS Firm Excelsoft IPO Subscribed 6.88 Times on Day 2
Excelsoft Technologies IPO sees 6.
The IPO of India-based vertical SaaS company Excelsoft Technologies Ltd, priced in the range of ₹114 to ₹120 per share and targeting a raise of ₹500 crore, has been subscribed 6.88 times on the second day of bidding. Exchange data shows bids for approximately 21.13 crore shares against 3.07 crore shares on offer.
Strong participation from retail investors reflects rising appetite for SaaS listings in India’s primary market, although analysts highlight valuation concerns and reliance on a single major client.