One of the leading companies engaged with the learning and assessment market, Excelsoft Technologies submitted its DRHP draft red herring prospectus to the market capital SEBI in order to raise funds of ₹700 crores via IPO (Initial Public Offering).
The company is planning to raise funds of ₹700 crores through an IPO. On February 28, the company filed its draft paper saying that the IPO will be a mixture of both a fresh issue of ₹210 crore, and an offer-for-sale of shares worth ₹490 crore by its promoters.
Promoters of the company, Pedanta Technologies, will sell shares of worth ₹340 crore and Dhananjaya Sudhanva will sell shares of worth ₹150 crore through Offer-for-Sale.
Excelsoft Technologies may think about raising funds of ₹270 crore through pre-IPO placement. If they successfully plan to raise the funds through a pre-IPO round, then the amount of ₹270 crore will be deducted from the amount of fresh issue and/or the offer for sale component.
The proceeds raised through the Initial Public Offering will be utilized to buy the land and the development of a new building, the funds will be utilized to upgrade the electrical systems of the facility in Mysore, Karnataka. Lastly, the remaining funds will be used for the upgrade of IT infrastructure and for the company’s corporate purposes. Anand Rathi Advisors is the lead manager of this issue.
In Fiscal year 2024, Excelsoft technologies reported a revenue of ₹198.3 crore from operations, with a profit after tax of ₹12.75 crore. No Indian listed company has a comparable business model or segment contribution, per draft filings.
Excelsoft Technologies IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Excelsoft Technologies Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹160 | ₹130.78 | ₹19.11 |
| 2023 | ₹197.97 | ₹167.79 | ₹22.41 |
| 2024 | ₹200.70 | ₹182.38 | ₹12.75 |
| September 2024 | ₹114.97 | ₹97.57 | ₹4.66 |
Excelsoft Technologies IPO Valuation – FY2024
Excelsoft Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.27 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 4.43% |
| Net Asset Value (NAV): | ₹29.71 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | N/A | N/A | N/A | N/A | – Cr. |
| NA | N/A | N/A | N/A | N/A | – Cr. |
Objects of the Issue
- Funding of capital expenditure for purchase of land and construction of a new building located at Plot No. 1-C-Part of Hootagalli Industrial Area, Situated in Survey No. 83 of Hootagalli Village, Kasaba Hobli, Mysore Taluk, Mysore District (“Mysore Property”)
- Funding of capital expenditure for upgradation and external electrical systems of our existing facility at Plot No. 1- B and Plot No. 1-C, Part II and III Hootagalli Industrial Area situated in Survey no. 85 of Hootagalli Village, Kasaba Hobli, Mysore Taluk, Mysore District – 570018, Karnataka, India (“Existing Facility”);
- Funding upgradation of our Company’s IT Infrastructure (Software, hardware and Communications & Network Services). and;
- General Corporate purposes
IPO Lead Managers aka Merchant Bankers
- Anand Rathi Advisors Limited
