Excelsoft Technologies, a Karnataka-based SaaS company focusing on the learning and assessment solutions, is set to hit Dalal Street with its Rs 500-crore initial public offering (IPO) on November 19. The price band for the offer will be disclosed on November 13.

The company aims to raise Rs 180 crore by issuing fresh shares, while promoter Pedanta Technologies will be selling shares worth up to Rs 320 crore via offer-for-sale.

The offer size has been reduced from Rs 700 crore planned earlier as per the draft document filed with the SEBI in February this year. The capital markets regulator approved the IPO papers in July . The earlier offer comprised of fresh issue of Rs 210 crore worth shares, and an offer-for-sale of shares worth Rs 490 crore.

Promoters own 94.60 percent stake in th

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