1 hr ago
ESDS Software Solution Shares Set for NSE, BSE Debut
ESDS Software Solution is scheduled to begin trading on the stock exchanges.
Its shares are expected to list on both the BSE and NSE at 10:00 IST.
The company’s IPO price was ₹429 per share.
In the grey market, buyers were offering an extra ₹247.
This suggested a possible listing price of about ₹676.
However, grey market prices can change before official trading begins.
An analyst said the company could benefit from cloud and AI infrastructure growth.
He also warned that the shares may be expensive and that the business faces competition and other risks.
He suggested that some investors could take profits while keeping some shares for the long term.
ESDS Software Solution shares are scheduled to list on the BSE and NSE at 10:00 IST on Friday, 4 September.
The IPO allotment was finalized on Wednesday, 2 September, with trading planned through a special pre-open session.
The grey market premium was reported at ₹247, implying an estimated listing price of ₹676, or 57.58% above the ₹429 issue price.
The grey market premium declined from ₹372 to ₹247 over the previous 10 sessions.
Analyst Mahesh M. Ojha cited AI infrastructure growth but warned of valuation, customer concentration, competition and technology risks.
- Who
- ESDS Software Solution Limited and investors in its IPO.
- What
- The company’s shares are scheduled to list and begin trading on the BSE and NSE.
- Where
- The BSE and NSE.
- When
- Friday, 4 September, with trading available from 10:00 IST.
- Why
- The listing follows the company’s IPO, while investor interest was supported by a reported grey market premium and expectations around its cloud and AI infrastructure business.
Growth Case
Risk Case
AI and cloud expansion
Growth Case
The agreement with Sharon AI, involving about 8,208 NVIDIA B300 GPUs, could provide revenue visibility and support growth in AI cloud infrastructure.
Risk Case
The company’s valuation leaves limited room for execution disappointments, making the expected growth dependent on successful delivery.
Financial performance
Growth Case
ESDS reportedly achieved about 28% revenue CAGR between FY24 and FY26, with EBITDA margins expanding to 49.6% and FY26 PAT reaching ₹120.8 crore.
Risk Case
The company faces customer concentration, intense competition and rapid technological changes.
Investment strategy
Growth Case
Investors with a long-term horizon may retain a meaningful portion of their allocation to participate in potential AI and cloud growth.
Risk Case
Investors may consider booking partial listing gains because the stock’s valuation is about 41.8 times FY26 P/E and 21.5 times adjusted EV/EBITDA.
Key facts
- IPO issue price
- ₹429 per share
- Reported grey market premium
- ₹247
- Implied listing price
- ₹676 per share
- Implied premium
- 57.58% above the IPO price
- Listing time
- 10:00 IST on Friday, 4 September
- AI infrastructure agreement
- ₹11,831 crore over five years with Sharon AI
- Analyst’s suggested approach
- Book partial listing gains and retain the balance for the long term
Quotes
Mahesh M. Ojha
Vice President – Research & Business Development at Kantilal Chhaganlal Securities Pvt Ltd
“Given the strong AI-led growth opportunity and improving financial profile, investors with a long-term horizon may consider holding a meaningful portion of their allocation to participate in ESDS’ potential growth in AI and cloud infrastructure.”
livemint.com
Sources
Related news
ESDS Software Solution IPO Shows Strong Demand, Analysts Say Apply
ESDS Software Solution IPO Draws 143 Times, GMP Signals Gains
ESDS Software IPO Set for August Launch Amid Growth, Risks
ESDS Software IPO Fully Subscribed on Opening Day
ESDS Software Solution IPO Allotment, GMP Signals Listing Gains
ESDS Software Sets ₹720-Crore IPO Price Band, Dates Announced
Google Launches Lower-Cost Gemini 3.8 Flash AI Model
AI Giants Launch Advanced Models Amid Intensifying Safety Debate
Anthropic Launches Fable 5.1 and Mythos 5.1
Anthropic launches Claude Fable and Mythos 5.1 models
