Upcoming IPOs Next Week: Excelsoft Technologies, Gallard Steel Set for Debut; Key Listings to Watch

The primary market is set for a dynamic week from November 17 to November 21, with two significant Initial Public Offerings (IPOs) opening for subscription and several others scheduled for listing.

Excelsoft Technologies, a global vertical SaaS company, is launching its mainboard IPO worth Rs 500 crore. The issue, which includes a fresh issue of equity shares aggregating up to Rs 180 crore and an offer for sale of shares aggregating up to Rs 320 crore by its promoter, Pedanta Technologies Pvt Ltd, will open on November 19 and close on November 21. The price band is set between Rs 114 to Rs 120 per share. Funds raised will be utilized for land purchase, building construction, IT infrastructure upgrades, and general corporate purposes. Excelsoft uses artificial intelligence (AI) in its learning and assessment products and reported a revenue of Rs 233.29 crore with a profit after tax of Rs 34.69 crore in FY25.

In the SME segment, Gallard Steel is launching its book build issue of Rs 37.50 crore, which is entirely a fresh issue. The IPO opens on November 19 and closes on November 21, with a price band of Rs 142 to Rs 150 per share. The company plans to use the proceeds for capital expenditure towards expanding its manufacturing facility, repaying borrowings, and for general corporate purposes. Gallard Steel is an engineering company that manufactures components for the Indian railways, defence, power generation, and industrial machinery sectors.

Beyond new openings, eight IPOs that have recently closed or are still open will be listing next week, including Fujiyama Power, PhysicsWallah, and Capillary Technologies, ensuring continued activity in the primary market.

Impact:

This news is crucial for investors seeking opportunities in the primary market. The upcoming IPOs offer potential entry points into companies from the SaaS and engineering sectors. The successful listing and performance of these new issues can influence overall investor sentiment towards IPOs and the broader Indian stock market.

Rating: 6/10

Difficult Terms:

• IPO (Initial Public Offering): The first time a private company offers its shares to the public to raise capital and get listed on a stock exchange.
• SaaS (Software as a Service): A software distribution model where a third-party provider hosts applications and makes them available to customers over the internet, typically on a subscription basis.
• Mainboard: The primary listing platform on a stock exchange for established companies with a significant track record and market capitalization.
• SME segment: A segment on the stock exchange designed for Small and Medium-sized Enterprises, often with more relaxed listing requirements compared to the mainboard.
• Fresh Issue: When a company issues new shares to the public to raise fresh capital.
• Offer for Sale (OFS): A process where existing shareholders of a company sell a portion of their shares to new investors, allowing them to exit or partially cash out without the company issuing new shares.
• Profit After Tax (PAT): The net profit a company earns after all expenses, including taxes, have been deducted.
• Capital Expenditure (Capex): Funds used by a company to acquire, upgrade, and maintain its physical assets, such as property, plant, or equipment.
• Anchor Investors: Large institutional investors who commit to investing a significant amount in an IPO before it is opened to the general public, providing stability and confidence.