Excelsoft Technologies IPO Day 1: Issue sees 1.5 times subscription; check GMP, brokerage views, and key details

Excelsoft Technologies’ Rs 500-crore IPO saw strong demand on Day 1, getting subscribed 1.45 times, led by heavy retail and NII participation. The issue, priced at Rs 114–120 per share, includes a fresh issue and OFS. The company has reserved 50% of the shares on offer for QIBs, 35% for retail investors, and 15% for non-institutional investors