(Image Source: Excelsoft Technologies)
Software Company For Schools Gets Lukewarm Response Before Stock Market Debut
Excelsoft Technologies shares will start trading tomorrow, November 26, 2025. The listing will happen on NSE and BSE at 10 AM. But the grey market is not showing much interest right now.
Unlisted shares are trading at around ₹125 to ₹128. The company sold shares at ₹120 each. So people are asking only 4 to 5 percent more than the issue price. This is not much.
Last week, people were paying ₹14 extra per share. Now they are asking only ₹5 to ₹8 extra. This shows people are losing interest.
What The Grey Market Tells Us
In the grey market, people trade shares before they officially start on the stock exchange. If they pay more, it means they think the price will go up. If they pay less, they are not so sure.
A 4 to 5 percent premium is small. If this continues, investors who bought at ₹120 might make a small profit. But it could also mean the shares open flat or go down. No one knows for sure until trading starts tomorrow.
The drop in grey market premium is interesting. It shows that some people who bought during the IPO might be selling now. They might be worried about the company or just taking their money out.
Who Is Excelsoft Technologies?
Excelsoft Technologies makes software for schools. Their software helps with online learning, student tests, course building, and other school needs.
The company raised ₹500 crore in this IPO. Of this, ₹180 crore is new money for the company. The rest, ₹320 crore, is from existing owners selling their shares.
Excelsoft will spend the money on growing. They will spend ₹71.9 crore to buy land and build a factory in Mysore. They will also spend ₹39.5 crore to improve their current factory there.
The company will spend ₹54.6 crore on better computer systems and technology updates. The remaining money will be used for regular business work.
IPO Demand Was Strong
When the IPO was open from November 19 to 21, it got good response. Regular investors subscribed 16.38 times. This means 16.38 times more people wanted shares than what was available for them.
Big investors called QIBs subscribed 50 times. Very rich investors subscribed 107 times. So at that time, the demand looked really good.
But now the grey market shows that excitement has faded. Some people who got shares might have decided to sell. Or new buyers are not as interested anymore.
Timeline For Tomorrow
Shares will trade starting at 10 AM tomorrow on NSE and BSE. The first hours usually have the most buying and selling. Many people try to sell in the first hour for quick gains.
If you bought shares, you can sell them starting at 10 AM. If you want to buy, you should watch the first hour of trading. That’s usually when the share price is most active.
Keep an eye on how many people buy at the opening price. If lots of people buy, the price will go up. If lots of people sell, the price will come down.
The grey market premium of 4 to 5 percent is weak. This means investors are not very bullish. But actual listing can surprise us. Sometimes stocks do better than the grey market shows.
School software is a good business in India. Schools need these tools. But investors are sitting back and watching for now.
