Excelsoft Technologies IPO Day 3: GMP trends, brokerage views and other key highlights

Excelsoft Technologies Rs 500-crore IPO has entered its final bidding day with strong traction, recording 6.89 times subscription by Day 2. Investors bid for 21.14 crore shares against 3.07 crore on offer. The GMP has eased to 11.7%, implying a potential listing near Rs 134. The issue includes a Rs 180-crore fresh issue and a Rs 320-crore OFS.