Excelsoft IPO Sees 6.89x Subscription by Day Two of Offering

Excelsoft Technologies’ ₹500 crore IPO reached 6.89x subscription by Day 2, with a grey market premium of 11.7% and participation across investor categories.

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Excelsoft IPO Sees 6.89x Subscription by Day Two of Offering

Excelsoft IPO Sees 6.89x Subscription by Day Two of Offering
Excelsoft Technologies reported a 6.89x subscription level by the second day of its ₹500 crore initial public offering. The issue comprises a ₹180 crore fresh share offering and a ₹320 crore offer for sale. Market filings indicated that interest came from a mix of retail, institutional, and non-institutional categories. The company’s grey market premium stood at 11.7% during the period. 
Companies:
  • Excelsoft Technologies
Tags:
  • ipo
  • excelsoft