India's Excelsoft Technologies jumps 12.2% in trading debut

Excelsoft Technologies

26/11/2025 06:54

** Shares of Excelsoft Technologies EXCS.NS rise 12.2% to 134.69 rupees in trading debut, valued at 15.5 bln rupees ($173.7 mln) as of 11:49 IST

** Stock opened at 135 rupees, 12.5% higher than the IPO issue price of 120 rupees

** The co, which provides software-as-a-service solutions for learning and assessment firms, had a 5-bln-rupee IPO, which comprised a fresh issue of shares worth 1.8 bln rupees and existing shareholders selling shares worth 3.2 bln rupees; the IPO was subscribed 43.2x

** "A significant client concentration with Pearson (contributing ~59% of revenue) poses a major disruption risk in case of any contract loss or slowdown," said Shivani Nyati, head of wealth at Swastika Investmart

($1 = 89.2363 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))