18 Nov 2025 | 5 Mins Read
Excelsoft Tech IPO GMP up ahead of Nov 19 issue launch
Flipitmoney
Excelsoft Technologies' grey market premium (GMP) rose ahead of its Rs 500-crore IPO opening on November 19. Platforms indicate a 13-13.33% premium. The IPO comprises a Rs 180-crore fresh issue and Rs 320-crore offer for sale by promoter Pedanta Technologies. The company will use 61.76% of fresh issue proceeds for infrastructure, corporate purposes, and land acquisition.