2 new IPOs to open this week:Excelsoft Technology aims to raise ₹500 crore; 7 IPOs to be listed

This week, only 2 new IPOs will open for subscription in the stock market. In the mainboard segment, Excelsoft Technology will raise ₹500 crore, while in the SME segment, Gallard Steel will bring an issue of ₹37.50 crore. Both will remain open from November 19 to 21. Additionally, 7 new IPOs will be listed in the market, including names like Techno Clean Air. Excelsoft Technology IPO: New Shares Worth ₹180 Crore Excelsoft Technology’s IPO will open on November 19 and close on November 21. This book-built issue is for ₹500 crore, which includes a fresh issue of 1.50 crore shares worth ₹180 crore. Additionally, an Offer For Sale (OFS) of 2.67 crore shares will be for ₹320 crore. The price band has been set at ₹114 to ₹120 per share. Anand Rathi Advisors Limited is the book-running lead manager, while MUFG Intime India Private Limited is the registrar. Company’s Business Spread Across US, UK Excelsoft Technologies Limited is a global vertical SaaS company, established in Mysore, Karnataka in 2000. The company focuses on the learning and assessment market and provides AI-based digital learning, assessment solutions, and information management systems. Initially started as a private limited company, it has now expanded its business to several countries, especially by providing technology solutions in the education sector. Its headquarters are in Mysore, but it operates in regions like the US, UK, Middle East, and Asia, where it provides software services for EdTech and corporate training. Gallard Steel to Bring IPO Worth ₹37.50 Crore Galard Steel’s SME IPO will also open from November 19 to 21. This is a completely fresh issue, comprising 0.25 crore shares worth ₹37.50 crore. The price band is ₹142 to ₹150 per share. Serene Capital Private Limited will act as the book-running lead manager, while Ankit Consultancy Private Limited will be the registrar. The company operates in the steel sector. 7 IPOs to be listed this week