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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Land and building construction at Mysore
Funding the purchase of land and construction of a building at the company's Mysore facility.
Upgradation of existing Mysore facility
Funding upgrades to the electrical and other systems at the company's existing Mysore facility.
IT infrastructure upgradation
Funding upgrades to company software, hardware, communications and network infrastructure.
General corporate purposes
Funding general corporate purposes.
(₹ in Crore)
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Excelsoft Technologies Limited is a vertical SaaS company focused on the learning and assessment market, providing AI-powered assessment platforms, online proctoring, learning experience and student success platforms, and digital eBook solutions for educational institutions, governments and certification bodies. Founded in 2000 and headquartered in Mysuru, Karnataka, the company delivers its offerings through product licences, SaaS subscriptions and managed services across India, Malaysia, Singapore, the UK and the US. It works with more than 200 organisations, reaches over 30 million learners, and had around 1,118 employees as of June 2025. The company has built long-standing global customer relationships in a specialised, high entry-barrier segment, though a significant share of its revenue depends on a small number of large clients, and its ongoing shift toward SaaS-based delivery has affected the timing of revenue recognition in recent periods.
The anchor investor round, held a day ahead of the public issue opening, raised about Rs 150 crore at the upper price band of Rs 120 per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 9 July 2026, 5:30 AM
Deep expertise in assessment and digital learning
The company has specialised knowledge in assessments, digital learning and information systems, built up over more than two decades.
Long-standing global client relationships
It has maintained enduring relationships with education, government and certification customers across multiple countries.
Compliant, flexible technology platform
Its solutions are built on an agile technology approach designed to meet varied global compliance and delivery requirements.
Favourable industry tailwinds
The vertical SaaS market has been growing rapidly, with the education and assessment segment expected to remain a significant part of that growth.
Experienced leadership team
The company is led by a management team with a long track record in the education technology sector.
Customer concentration
A large share of revenue is tied to a small number of major clients, including one large publishing-sector partner, so losing a key relationship could materially affect results.
Uneven profitability
Bottom-line performance has been inconsistent year to year, including a sharp decline in one recent fiscal year despite steady revenue growth.
Regulatory complexity across geographies
Operating across multiple countries exposes the business to varied and evolving regulatory compliance requirements.
MUFG Intime India Private Limited
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Revenue recognition timing under SaaS transition
The shift toward subscription-based SaaS delivery can delay revenue recognition and affect short-term cash flow.
Limited contract lock-in
The absence of long-term contracts with many clients makes revenue retention less predictable.
Data security exposure
Handling sensitive education data across its platforms exposes the company to cybersecurity risks.