- Important Dates
- How to Check Excelsoft Technologies IPO Allotment Status
- Excelsoft Technologies IPO Subscription Details
- Excelsoft Technologies IPO GMP Update
- What Happens After Checking Allotment?
- Final Word
The Excelsoft Technologies IPO subscription window closed on November 21, 2025, and the allotment to be finalized on November 24, 2025. If you applied for shares in this IPO, you can check your allotment status online through three simple ways: the registrar's website (MUFG Intime), BSE, and NSE.
This blog walks you through each method step by step, covers what happened with the subscription and grey market premium, and explains what to do next, whether you got shares or not.
Important Dates
- Allotment Date: November 24, 2025
- Initiation of Refunds: November 25, 2025
- Credit of Shares to Demat: November 25, 2025
- Listing Date: November 26, 2025
How to Check Excelsoft Technologies IPO Allotment Status
Once the allotment is done, you can check if you got shares through three official channels. Each method is simple and takes less than a minute.
Option 1: Check on MUFG Intime (Registrar's Website)
- Visit the official MUFG Intime IPO allotment page at https://in.mpms.mufg.com/Initial_Offer/public-issues.html
- From the dropdown menu, select "Excelsoft Technologies Limited"
- Choose how you want to search:
- PAN (Permanent Account Number)
- Application Number (you got this when you applied)
- DP/Client ID (your demat account number)
- Click on "Submit"
Your allotment status will appear instantly. If shares were allotted to you, it will show how many shares you received. If not, it will say "Not Allotted".
Option 2: Check on the BSE Website
- Go to the BSE allotment page at https://www.bseindia.com/investors/appli_check.aspx
- Under "Issue Type", select "Equity"
- From the "Issue Name" dropdown, choose "Excelsoft Technologies Limited"
- Enter either your PAN or Application Number
- Click "Search"
The screen will display your allotment details immediately.
Option 3: Check on the NSE Website
- Visit the NSE IPO verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Click on "Equity & SME IPO bid details"
- Select "Excelsoft Technologies" from the company list
- Enter your Application Number or PAN
- Click "Submit"
Your allotment status will be shown on the screen.
Excelsoft Technologies IPO Subscription Details
The Excelsoft Technologies IPO received strong demand from investors across all categories, closing with an overall subscription of 45.46 times on November 21, 2025.
Here's how different investor categories responded:
- Qualified Institutional Buyers (QIBs): Subscribed 50.06 times, showing strong confidence from big institutional players like mutual funds and insurance companies
- Non-Institutional Investors (NIIs/HNIs): This category saw the highest interest with a subscription of 107.04 times, indicating high-net-worth individuals were extremely bullish
- Retail Investors: Subscribed 16.44 times, meaning small investors applied for more than 16 times the shares available to them
The high subscription, especially from institutional and HNI categories, shows the IPO was well-received. However, this also means many applicants won't get full allotment or any shares at all.
One day before the IPO opened, the company raised ₹150 crore from 10 anchor investors on November 18, 2025. The largest anchor investor was Bengal Finance & Investment (associated with well-known investor Ashish Kacholia), which picked up 50 lakh shares for ₹60 crore.
Excelsoft Technologies IPO GMP Update
The grey market premium (GMP) gives an unofficial hint about investor sentiment before listing. Remember, GMP is not regulated by SEBI and should never be your only reason to invest or sell.
Here's how the GMP moved for Excelsoft Technologies IPO:
- November 18 (one day before opening): ₹15, indicating a 12.5% premium
- November 19 (Day 1): ₹15.5 to ₹16, showing initial excitement with around 13% gains expected
- November 20 (Day 2): ₹14 to ₹15, slightly cooling off to around 11-12% premium
- November 21 (Closing day): ₹8 to ₹14, dropping sharply to around 6-11% as reality set in
- November 24 (Allotment day): ₹8, settling at just 6.67% premium over the issue price of ₹120
The GMP started strong but steadily declined as the IPO progressed. This happened likely because the heavy oversubscription made investors realize getting allotment would be tough, and the listing gains might not be as high as initially expected. The drop from ₹20 (before the issue opened) to ₹8 (on allotment day) shows the market recalibrated expectations.
Based on the latest GMP of ₹8, the expected listing price would be around ₹128, which is just 6.67% above the issue price of ₹120. While this still indicates a positive listing, it's much lower than what early grey market signals suggested.
Disclaimer: GMP is an unofficial indicator and is subject to market volatility.
What Happens After Checking Allotment?
If You Got Allotment:
Shares will be credited to your demat account by November 25, 2025, one day before listing. You can check your demat account holdings to confirm. The money you paid for the shares will be debited from your bank account. Once the shares are listed on November 26, 2025, you can decide to hold them or sell them based on your investment goals.
If You Didn't Get Allotment:
Don't worry; this happens when an IPO is heavily oversubscribed and demand exceeds supply. The refund process will begin on November 25, 2025. Your blocked money (through UPI or ASBA) will be released back to your bank account within 2-3 working days.
You can also check your bank account to know your allotment status. If the full amount remains blocked or is debited, you likely got the allotment. If the money is unblocked, you probably didn't receive shares.
For a detailed review of the company's business, financials, strengths, and risks, you can read our IPO review blog on Excelsoft Technologies.
Final Word
The Excelsoft Technologies IPO allotment is now complete, and you should have received an SMS or email from the registrar or your broker. If you haven't checked yet, use any of the three methods explained above to find out your status.
If you got shares, congratulations! Keep an eye on the listing day (November 26) to decide your next move based on the opening price and market conditions. If you didn't get allotment, your money will be back in your account soon, and you can look out for upcoming IPOs.
The heavy oversubscription and strong institutional interest show that Excelsoft is viewed positively by the market. However, the declining GMP suggests listing gains may be modest. Make sure any decision to buy, hold, or sell after listing is based on your own research and investment goals, not just on GMP or first-day excitement.
For more IPOs, check INDmoney’s IPO tracker here.
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