Excelsoft IPO Sees 6.89x Subscription by Day Two of Offering

Excelsoft Technologies reported a 6.89x subscription level by the second day of its ₹500 crore initial public offering. The issue comprises a ₹180 crore fresh share offering and a ₹320 crore offer for sale. Market filings indicated that interest came from a mix of retail, institutional, and non-institutional categories. The company’s grey market premium stood at 11.7% during the period.