Excelsoft's ₹700 Cr Public Issue Cleared by SEBI

In a significant development for India's edtech sector, Excelsoft Technologies has received regulatory approval from SEBI for its ₹700 crore initial public offering (IPO). The Mysuru-based digital learning solutions provider plans to list on both NSE and BSE, marking one of Karnataka's largest public market debuts in the education technology space.

IPO Structure & Use of Proceeds

The offering comprises:

Fresh Issue: ₹500 crore for product development and global expansion

OFS: ₹200 crore (partial exit for early investors including Premji Invest)

Key allocation areas include:

✔️ AI-powered learning platform enhancement (40%)

✔️ North American market penetration (25%)

✔️ Debt reduction and working capital (35%)

Financial Snapshot & Growth Drivers

Revenue: ₹480 crore in FY24 (34% YoY growth)

Client Base: Serves 12M+ learners across 23 countries

Margins: 28% EBITDA margin (industry-leading)

Market Potential: The global edtech market is projected to reach $605B by 2027, with Excelsoft well-positioned in corporate learning and K-12 segments.