Excelsoft Technologies IPO Day 3 Updates: The initial public offering (IPO) of Excelsoft Technologies, a vertical SaaS (software-as-a-service) company focused on the learning and assessment market, has been 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 127 apiece in the grey market, which is a 5.83% premium or a Rs 7 GMP over the upper IPO price of Rs 120, indicating moderate listing gains for investors.
It is 50% lower than the Rs 14 GMP recorded in the morning. 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.
