1 hr ago

ESDS Software Shares Surge 290%, Boosting Veteran Investors’ Holdings

Ashish Kacholia, Mukul Agrawal see massive gains as ESDS Software stock rallies 290% from IPO price · livemint.com

ESDS Software Solution recently sold shares to the public through an IPO.

Its IPO price was ₹429 per share.

After listing, the shares rose sharply to ₹1,672.50.

This is about 290% higher than the IPO price.

Investors Ashish Kacholia and Mukul Agrawal owned significant stakes before the IPO.

The value of both investors’ holdings increased greatly as the share price rose.

The company listed on September 4 at ₹757 and closed that day at ₹908.40.

ESDS provides cloud computing, managed services, data-center infrastructure and software solutions.

It served more than 2,500 customers during fiscal year 2026.

Key facts

IPO price: ₹429 per share at the upper end of the ₹408–429 price band.
Reported share price: ₹1,672.50, or 290% above the IPO price.
Ashish Kacholia stake: 2.05%, valued at about ₹433 crore at the reported market price, compared with ₹103 crore at the IPO price.
Mukul Agrawal stake: The article reports a current 6% stake and says he held 70.3 lakh shares, or 7%, before the IPO.
Mukul Agrawal holding value: About ₹302 crore at the IPO price and approximately ₹1,176 crore at the reported market price.
Listing performance: Listed at ₹757, a 76.45% premium, and closed its first day at ₹908.40.
IPO size: Up to ₹720 crore, entirely through a fresh issue of equity shares.
Customer base: More than 2,500 customers during fiscal year 2026.

livemint.com · 1 hr ago