Latest news with #ExcelsoftTechnologies
Economic Times
6 days ago
- 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
6 days ago
- 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.
Mint
7 days ago
- Business
- Mint
Upcoming IPO: Excelsoft Technologies gets SEBI nod to raise ₹700 crore through the public issue
Upcoming IPO: Global vertical SaaS firm Excelsoft Technologies Ltd. received the go-ahead from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The company submitted its preliminary draft papers on 28 February 2025. The Karnataka-based Excelsoft Technologies was incorporated in 2000 as a global vertical SaaS company. Since then, it has been providing technology-based solutions across diverse learning and assessment segments through its cloud-based platforms, according to company data. The company has 71 clients, which are spread across 17 countries, including the US, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE and Canada. Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, and Ascend Learning LLC, are some of the top clients for the company. Excelsoft Technologies is offering a book-built public issue comprising a fresh issue of up to ₹ 210 crore, and an offer for sale (OFS) component of up to ₹ 490 crore, as the company aims to raise ₹ 700 crore from the Indian stock market, according to the draft papers. Mint reported earlier that the company promoters, Pedanta Technologies Private Limited and Dhananjaya Sudhanva, are selling their stake in the company through the IPO round. The company aims to use the money raised from the public issue to fund capital expenditures, including the purchase of land, the construction of a new building, and the upgrading of the external electrical systems of its Mysore facility. The company will also fund the upgrade of the IT Infrastructure, and the rest will be used for general corporate purposes. Anand Rathi Advisors Limited is the book-running lead manager of the public issue, while MUFG Intime India Private Limited (Link Intime) is the registrar of the offer. Read all stories by Anubhav Mukherjee
Mint
7 days ago
- Business
- Mint
Upcoming IPO: Excelsoft Technologies gets SEBI nod to raise ₹700 crore through the public issue
Upcoming IPO: Global vertical SaaS firm Excelsoft Technologies Ltd. received the go-ahead from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). The company submitted its preliminary draft papers on 28 February 2025. The Karnataka-based Excelsoft Technologies was incorporated in 2000 as a global vertical SaaS company. Since then, it has been providing technology-based solutions across diverse learning and assessment segments through its cloud-based platforms, according to company data. The company has 71 clients, which are spread across 17 countries, including the US, UK, India, Singapore, Australia, Japan, Malaysia, Saudi Arabia, UAE and Canada. Pearson Education, Inc., AQA Education, Colleges of Excellence, NxGen Asia PTE LTD., Pearson Professional Assessments Limited, Sedtech for Technology Education & Learning WLL, and Ascend Learning LLC, are some of the top clients for the company. Excelsoft Technologies is offering a book-built public issue comprising a fresh issue of up to ₹ 210 crore, and an offer for sale (OFS) component of up to ₹ 490 crore, as the company aims to raise ₹ 700 crore from the Indian stock market, according to the draft papers. Mint reported earlier that the company promoters, Pedanta Technologies Private Limited and Dhananjaya Sudhanva, are selling their stake in the company through the IPO round. The company aims to use the money raised from the public issue to fund capital expenditures, including the purchase of land, the construction of a new building, and the upgrading of the external electrical systems of its Mysore facility. The company will also fund the upgrade of the IT Infrastructure, and the rest will be used for general corporate purposes. Anand Rathi Advisors Limited is the book-running lead manager of the public issue, while MUFG Intime India Private Limited (Link Intime) is the registrar of the offer. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
