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Excelsoft Technologies lists at premium following strong IPO subscription
Excelsoft Technologies listed at a strong premium after robust IPO demand, beating GMP expectations and raising ₹500 crore through fresh issuance and offer for sale.
Excelsoft Technologies debuted at ₹135 on both exchanges, listing 12.5% above its issue price of ₹120 after a 45x oversubscribed IPO. The company raised ₹500 crore through a mix of fresh issue and offer for sale. Its grey market premium had suggested a smaller listing gain. The ₹114–₹120 price band required investors to bid in lots of 125 shares, setting a minimum retail investment of about ₹15,000.