The initial public offer of Excelsoft Technologies Ltd received 43.19 times subscription on the closing day of bidding on Friday.
The IPO got bids for 1,32,59,07,625 shares against 3,07,01,754 shares on offer, according to NSE data.
Among the investor categories, the non-institutional investor portion attracted 101.69 times the subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 47.55 times. The category for Retail Individual Investors (RIIs) fetched 15.62 times subscription.
Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, on Tuesday said it has garnered Rs 150 crore from anchor investors.
The price band for the IPO has been fixed at Rs 114-120 per share, valuing the company at around Rs 1,380 crore at the upper end.
The initial public offer (IPO) has a fresh issue aggregating up to Rs 180 crore and an offer for sale aggregating up to Rs 320 crore.
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Excelsoft Technologies IPO subscribed 43.19 times on final day of bidding
