Another company in the IPO market is set to enter Excelsoft Technologies LTD.). The company associated with Software-AS-A-Service (SAAS) sector has filed documents (DRHP) for IPO of Rs 700 crore with the capital market regulator SEBI.
This IPO includes a fresh issue of Rs 210 crore and a combination of sales of Rs 490 crore. Promoters Pedanta Technologies and Dhananjay Sudhanwa will offer their shares under OFS.
Plan to raise Rs 270 crore before IPO
The company is also considering raising up to Rs 270 crore before IPO. If pre-IPO funding occurs, this amount will be adjusted with a new issue and offs.
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Use of funds collected from IPO
- Purchase new buildings and land
- Upgradation of existing facility in Mysore
- IT infrastructure improves
- Funding of common corporate needs
Anand Rathi Advisors have been appointed as Book Running Lead Manager (BRLM) for this IPO.
25 year old company, business in 17 countries
- Establishment Year: 2000
- Income of FY 2023-24: ₹ 198.3 Crore
- Net Profit (2023-24): ₹ 12.75 crore (₹ 22.4 crore last year)
- Number of service areas: 17 countries
- Number of customers: 71
The company presences in these countries:
🇺🇸 America | 🇬🇧 Britain | 🇸🇬 Singapore | 🇦🇺 Australia | 🇯🇵 Japan | 🇲🇾 Malaysia | 🇦🇪 UAE | 🇨🇦 Canada
Chief customer
The company has some big and old customers:
- Pearson Education
- AQA Education
- College of excellence
- NXGen Asia PTE Ltd.
- Piercene professional assessment limited
- Cedtech for Technology Education and Learning
- Esand Learning LLC
- Brigham Young University
