Primus In News
Excelsoft Tech IPO subscribed 7x on Day 2, GMP signals decent listing; should you apply?
20-11-2025
Shravan Shetty, Managing Director, Primus Partners, highlights that Excelsoft's decent GMP reflects strong growth prospects and a technology premium due to its presence in the edtech space. However, he notes that the company’s heavy dependence on the North American market, with over 50% of revenue coming from this region, could pose a risk factor going forward.
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