Excelsoft Technologies Set to Go Public with Rs 700 Crore IPO

Excelsoft Technologies, focused on the learning and assessment market, has received regulatory approval for a Rs 700 crore IPO. The offering includes a fresh issue and offer-for-sale. Funds will enhance facilities and IT infrastructure. The company operates globally with clients like Pearson and AQA Education.

Excelsoft Technologies, a leading provider of technology-driven solutions in the learning and assessment sector, has been granted approval by the Securities and Exchange Board of India (Sebi) for its Rs 700 crore initial public offering (IPO).

The Karnataka-based firm plans a combination of a fresh issue worth Rs 210 crore and a Rs 490 crore offer-for-sale from its promoters, as detailed in the draft red herring prospectus.

The proceeds aim to fund land purchase, facility upgrades, and IT infrastructure improvements, reflecting the company's commitment to growth amid the rising vertical SaaS market, with shares to be listed on the BSE and NSE.

(With inputs from agencies.)