Excelsoft Technologies IPO allotment today: How to check status online
What's the story
The allotment of shares for the Excelsoft Technologies initial public offering (IPO) will be finalized today. The three-day subscription period ended on November 21, with strong demand from investors in all categories. Excelsoft had offered 2.91 crore shares, but bids worth ₹15,910.89 crore were received for over 132 crore shares. This indicates a high level of interest in the IPO from both institutional and retail investors.
Subscription breakdown
Subscription details and allotment process
The Excelsoft IPO was subscribed 45.46 times overall, with the retail category subscribing 16.44 times. The Qualified Institutional Buyer (QIB) category (excluding anchor investors) saw a subscription of 50.06 times while the Non-Institutional Investor (NII) category was subscribed 107.04 times by the end of Day 3. Now that the allotment is underway, applicants who subscribed to this issue can check their status via BSE website or MUFG Intime India Pvt Ltd., its registrar's portal.
Allotment check
How to check allotment status
To verify if shares have been allotted, applicants can use either the BSE portal or the registrar's website. On the BSE website, users must go to the IPO allotment page, select 'Equity,' pick Excelsoft Technologies Limited, enter their application number and PAN details, fill in a captcha and click Search. Meanwhile on MUFG Intime India's site, users should visit its IPO allotment page, select Excelsoft Technologies Limited from the active issues list and then choose their preferred identification option.