** Shares of Excite Technology Services fall 15.4% to A$0.011, set for biggest daily drop since June 28, if current losses hold

** Cyber security firm says it has received commitments to raise A$1 mln ($674,200) in a placement, for market resources and fund investment in group's sales

** Issue price of A$0.01/share represents ~23% discount to last close on Oct. 8, when trading was halted pending capital raising announcement

** About 11.2 mln shares change hands, 2.2x the 30-day avg

** Stock up 37.5% YTD

($1 = 1.4832 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))