Latest news with #Excelsoft
Economic Times
01-08-2025
- Business
- Economic Times
Excelsoft Technologies gets Sebi nod for Rs 700-cr IPO
Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has received markets reulator Sebi's go-ahead to raise Rs 700 crore through an initial public offering (IPO). Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has received markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial public offering ( IPO ).The proposed IPO of the Karnataka-based company is a combination of a fresh issue of shares valued at Rs 210 crore and an offer-for-sale (OFS) of shares worth Rs 490 crore by the promoters, according to the draft red herring prospectus (DRHP).The company, which filed its draft IPO papers in February, obtained Sebi's observations on July 21, an update with Sebi showed on Sebi's parlance, receiving observations is equivalent to getting the go ahead to proceed with a public to the draft papers, the company has proposed to utilise the proceeds of the fresh issue towards purchase of land and construction of a new building and for upgradation and external electrical systems of its existing facility in Mysore; funding upgradation of the company's IT infrastructure and for general corporate over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients on December 31, 2024, it caters to 71 clients spread across 17 countries, including the USA, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE and of its prominent clients are Pearson Education, Inc, AQA Education, Colleges of Excellence, NxGen Asia PTE LTD, Pearson Professional Assessments Ltd, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University--IDAHO, Training Qualifications UK, Surala Net Co Ltd, Excel Public School and The Chartered Quality the financial front, Excelsoft reported a revenue from operations at Rs 198.3 crore in FY24, with a profit after tax (PAT) of Rs 12.75 to an Arizton report, the global SaaS market has seen rapid growth, with vertical SaaS emerging as a dominant trend that promises specialized, industry-tailored shift has positioned vertical SaaS to grow at an even faster pace than general SaaS, with estimates suggesting that vertical SaaS could account for nearly 50 per cent of the SaaS market by Rathi Advisors is the book running lead manager to the equity shares of the company are proposed to be listed on BSE and NSE.
Time of India
01-08-2025
- Business
- Time of India
Excelsoft Technologies gets Sebi nod for Rs 700-cr IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has received markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial public offering ( IPO ).The proposed IPO of the Karnataka-based company is a combination of a fresh issue of shares valued at Rs 210 crore and an offer-for-sale (OFS) of shares worth Rs 490 crore by the promoters, according to the draft red herring prospectus (DRHP).The company, which filed its draft IPO papers in February, obtained Sebi's observations on July 21, an update with Sebi showed on Sebi's parlance, receiving observations is equivalent to getting the go ahead to proceed with a public to the draft papers, the company has proposed to utilise the proceeds of the fresh issue towards purchase of land and construction of a new building and for upgradation and external electrical systems of its existing facility in Mysore; funding upgradation of the company's IT infrastructure and for general corporate over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients on December 31, 2024, it caters to 71 clients spread across 17 countries, including the USA, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE and of its prominent clients are Pearson Education, Inc, AQA Education, Colleges of Excellence, NxGen Asia PTE LTD, Pearson Professional Assessments Ltd, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University--IDAHO, Training Qualifications UK, Surala Net Co Ltd, Excel Public School and The Chartered Quality the financial front, Excelsoft reported a revenue from operations at Rs 198.3 crore in FY24, with a profit after tax (PAT) of Rs 12.75 to an Arizton report, the global SaaS market has seen rapid growth, with vertical SaaS emerging as a dominant trend that promises specialized, industry-tailored shift has positioned vertical SaaS to grow at an even faster pace than general SaaS, with estimates suggesting that vertical SaaS could account for nearly 50 per cent of the SaaS market by Rathi Advisors is the book running lead manager to the equity shares of the company are proposed to be listed on BSE and NSE.
News18
01-08-2025
- Business
- News18
Excelsoft Technologies gets Sebi nod for Rs 700-cr IPO
New Delhi, Aug 1 (PTI) Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has received markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial public offering (IPO). The proposed IPO of the Karnataka-based company is a combination of a fresh issue of shares valued at Rs 210 crore and an offer-for-sale (OFS) of shares worth Rs 490 crore by the promoters, according to the draft red herring prospectus (DRHP). The company, which filed its draft IPO papers in February, obtained Sebi's observations on July 21, an update with Sebi showed on Thursday. In Sebi's parlance, receiving observations is equivalent to getting the go ahead to proceed with a public issue. According to the draft papers, the company has proposed to utilise the proceeds of the fresh issue towards purchase of land and construction of a new building and for upgradation and external electrical systems of its existing facility in Mysore; funding upgradation of the company's IT infrastructure and for general corporate purposes. With over two decades of experience, Excelsoft provides technology-based solutions across diverse learning and assessment segments through long-term contracts with enterprise clients worldwide. As on December 31, 2024, it caters to 71 clients spread across 17 countries, including the USA, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE and Canada. Some of its prominent clients are Pearson Education, Inc, AQA Education, Colleges of Excellence, NxGen Asia PTE LTD, Pearson Professional Assessments Ltd, Sedtech for Technology Education & Learning WLL, Ascend Learning LLC, Brigham Young University–IDAHO, Training Qualifications UK, Surala Net Co Ltd, Excel Public School and The Chartered Quality Institute. On the financial front, Excelsoft reported a revenue from operations at Rs 198.3 crore in FY24, with a profit after tax (PAT) of Rs 12.75 crore. According to an Arizton report, the global SaaS market has seen rapid growth, with vertical SaaS emerging as a dominant trend that promises specialized, industry-tailored solutions. This shift has positioned vertical SaaS to grow at an even faster pace than general SaaS, with estimates suggesting that vertical SaaS could account for nearly 50 per cent of the SaaS market by 2030. Anand Rathi Advisors is the book running lead manager to the issue. The equity shares of the company are proposed to be listed on BSE and NSE. PTI SP DRR view comments First Published: August 01, 2025, 13:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
