14 hrs ago
ESDS Software Solution IPO Allotment, GMP Signals Listing Gains
ESDS Software Solution offered shares to the public through an IPO.
People could apply for the shares between 28 August and 1 September.
The company received many applications, with demand reaching 135.88 times the shares offered by the third day.
The allotment tells applicants whether they received shares and how many.
The grey market premium was ₹255, suggesting a possible listing price of ₹684.
That would be 59.44% above the IPO price of ₹429.
However, the premium had been falling and could decline further.
People can check their result through the registrar, BSE, or NSE websites.
Successful applicants were scheduled to receive shares in their demat accounts on 3 September, while the shares were scheduled to list on 4 September.
ESDS Software Solution IPO allotment is scheduled to be finalised on Wednesday, 2 September.
The IPO was open from 28 August to 1 September and received 135.88 times overall subscription by day three.
The grey market premium stood at ₹255, implying an estimated listing price of ₹684, or a 59.44% gain over the ₹429 issue price.
The grey market premium had declined from ₹372 to ₹255 over eight sessions and analysts expected it could fall further.
Refunds for unsuccessful applicants and demat credits for successful applicants were scheduled for 3 September, ahead of the 4 September listing.
- Who
- Investors who applied for the ESDS Software Solution IPO and ESDS Software Solution.
- What
- The IPO share allotment was scheduled to be finalised, with investors able to check their allotment status.
- Where
- Allotment status could be checked on the MUFG Intime India registrar portal, the BSE website, or the NSE website.
- When
- Allotment was scheduled for Wednesday, 2 September; refunds and demat credits for 3 September; listing for 4 September.
- Why
- Investors needed to determine whether they received shares, how many were allotted, and whether they would receive a refund.
Key facts
- IPO subscription period
- 28 August to 1 September
- Allotment date
- Wednesday, 2 September
- Issue price
- ₹429 per share
- Grey market premium
- ₹255
- Indicative listing price
- ₹684 per share, implying a 59.44% premium
- Overall subscription
- 135.88 times by day three
- Scheduled listing date
- Friday, 4 September
Sources
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