Excelsoft Technologies is set to launch its initial public offering (IPO) with a subscription window from Wednesday, 19 November, closing on Friday, 21 November. The IPO is priced in the range of Rs 114 to Rs 120 per equity share of face value Rs 10, with the lot size fixed at 125 shares and multiples thereof. Advertisement

The minimum investment for retail investors is based on this lot size and price band. The issue is managed by Anand Rathi Advisors, with MUFG as the registrar. Anchor investor allocation is scheduled for Tuesday, 18 November. The IPO will have up to 50% of shares reserved for qualified institutional buyers (QIB), at least 15% for non-institutional investors (NII), and at least 35% for retail investors.

From the fresh issue proceeds, Rs 61.7 crore will go toward purch

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