Archive · 28 Sep 2026
ESDS Software Shares Surge 290%, Boosting Veteran Investors’ Holdings
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.
ESDS Software Solution shares rose 290% above the ₹429 IPO price to ₹1,672.50.
Ashish Kacholia’s reported 2.05% stake increased in value from ₹103 crore to ₹433 crore.
Mukul Agrawal’s holding rose from an IPO-value estimate of ₹302 crore to about ₹1,176 crore.
The shares debuted on September 4 at ₹757, a 76.45% premium, and closed at ₹908.40.
The ₹720-crore IPO was entirely a fresh issue, with shares offered at ₹408–429 each.
- Who
- ESDS Software Solution, along with investors Ashish Kacholia and Mukul Agrawal.
- What
- ESDS Software Solution shares surged 290% above their IPO price, sharply increasing the reported value of major investors’ holdings.
- When
- The company listed on September 4; the reported share price was ₹1,672.50 after the subsequent rally.
- Where
- On Dalal Street and the Indian stock market.
- Why
- The articles report sustained buying momentum and repeated 20% upper-circuit sessions, but do not identify one definitive cause for the rally.
- 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.