Excelsoft's Rs 150 Crore Anchor Investment Boost Pre-IPO

Excelsoft Technologies, a SaaS company, raised Rs 150 crore from anchor investors like Bengal Finance ahead of its IPO. The Karnataka firm allotted shares at Rs 120 each, with a public offering running from November 19-21, aimed at funding infrastructural upgrades and expanding corporate initiatives.

Excelsoft Technologies, a software-as-a-service company specializing in learning and assessment solutions, has successfully secured Rs 150 crore from anchor investors ahead of its much-anticipated initial public offering (IPO). The funds are poised to bolster the company's infrastructural and technological initiatives.

This Karnataka-based firm has distributed 1.25 crore equity shares to investors at Rs 120 each. Significant contributors to the investment include 360 One Equity Opportunity Fund, Societe Generale, and Bandhan Mutual Fund. With the IPO set for November 19-21, the company's valuation could reach approximately Rs 1,380 crore at the highest price band.

The proceeds from this financial move will primarily support the purchase of land and construction of a new building in Mysore, enhance existing facilities, and upgrade the company's IT infrastructure. With over 20 years of experience, Excelsoft continues to provide robust tech solutions to global education clients like Pearson Education and Training Qualifications UK.

(With inputs from agencies.)