IPO Allotment Check: Check BSE and NSE yourself whether your Excelsoft Technologies IPO was allotted or not?

News Topical, Digital Desk : IPO Allotment Check: A major update has come regarding the IPO allotment of vertical SaaS (Software-as-a-Service) company Excelsoft Technologies.

The share allotment for the company's ₹500 crore IPO will be finalized on Monday, November 24. The IPO received an overwhelming response from investors. The IPO consisted of a fresh issue of ₹180 crore and an offer for sale (OFS) of ₹320 crore.

The issue, which opened between November 19 and 21, received overwhelming subscription. With a total subscription of 43 times, investors bid for 132.6 crore shares against the 3.07 lakh available shares. The highest subscription was in the NII category at 101.7 times, followed by QIBs at 47.55 times, and retail investors at 15.62 times. The IPO price band was fixed at ₹114-₹120 per share. 

How to check Excelsoft Technologies IPO allotment status? On the BSE website
 

• Visit the BSE IPO allotment page
• Select 'Equity' in Issue Type
• Select 'Excelsoft Technologies' from the dropdown
• Enter your Application Number or PAN
• Click on 'Search'

How to check MUFG Intime India Private Limited
 

• Open the website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Click on the link for Excelsoft Technologies IPO
• Select 'Excelsoft Technologies' from the dropdown
• Enter any one of PAN / Application Number / Demat Account ID
• Click on 'Submit'

How to check on NSE:

IPO allotment status can be checked on the NSE website by entering your PAN and application number.

Next steps
 

• Investors who did not receive shares will be sent refunds by November 25.
• The shares will be credited to the demat account of successful applicants on the same day.
• Shares of Excelsoft Technologies will be listed on BSE and NSE on November 26.

Excelsoft Technologies Company Details

Founded in 2000, Excelsoft Technologies Ltd is a global vertical SaaS provider specializing in learning and assessment solutions.

A look at the company's key products
 

• SARAS LMS
• EnablED LXP
• OpenPage Digital Books
• Use of its platform
• universities
• School
• Government agencies
• Publishers
• Defense Sector
• Corporates

The company operates in India, Malaysia, Singapore, the UK, and the US, and partners with over 200 institutions. Excelsoft's ecosystem supports over 30 million learners.

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