Excelsoft Technologies IPO Day 3 LIVE: GMP Falls; Issue Receives 14.36x Subscription So Far

Excelsoft Technologies IPO Day 2 Updates: The initial public offering (IPO) of Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, is going to be closed at 5:00 pm today, November 21. The price band of the IPO was fixed in the range of Rs 114 to Rs 120 apiece.

Excelsoft Technologies IPO GMP Today

According to market observers, unlisted shares of Excelsoft Technologies Ltd are currently trading at Rs 134 apiece in the grey market, which is a 11.67% premium or a Rs 14 GMP over the upper IPO price of Rs 120, indicating moderate listing gains for investors.

It is slightly lower than the 12.92% GMP recorded yesterday. The grey market premium was nearly 25% last week.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.