Archive · 3 Sep 2026
ESDS Software Solution IPO Draws 143 Times, GMP Signals Gains
ESDS Software Solution asked investors to buy shares in its IPO.
The IPO was available from August 28 to September 1 at ₹429 per share.
Many investors applied, and the issue was subscribed nearly 143 times.
Institutional investors showed the strongest interest.
In the unofficial grey market, the shares were being valued ₹240 above the IPO price.
That suggested a possible listing price of about ₹669, but this was only an estimate.
The company plans to spend much of the money on cloud equipment and data-centre infrastructure.
The article gives conflicting listing dates, referring to both September 3 and September 4.
The ESDS Software Solution IPO was subscribed nearly 143 times by the end of its three-day subscription period.
The qualified institutional buyers portion was subscribed 274.97 times, followed by non-institutional investors at 202.87 times and retail investors at 41.68 times.
At a ₹429 issue price and a reported ₹240 grey market premium, the shares were estimated to list around ₹669, implying a potential 55.94% premium.
The ₹720 crore IPO consisted entirely of a fresh issue of 1.68 crore equity shares, with no offer-for-sale component.
The company plans to use ₹576 crore of the proceeds for cloud computing equipment and data-centre infrastructure.
- Who
- ESDS Software Solution Limited and investors who subscribed to its IPO.
- What
- A ₹720 crore IPO attracted nearly 143 times subscription, while grey market signals indicated a possible 55.94% listing premium.
- When
- The IPO was open from August 28 to September 1; allotment was finalized on September 2. The article mentions September 3 and September 4 as the listing date in different places.
- Where
- The shares are scheduled to list on the BSE and NSE.
- Why
- The company is raising funds mainly to purchase cloud computing equipment and strengthen its data-centre infrastructure.
- Issue price
- ₹429 per share
- IPO size
- ₹720 crore
- Total subscription
- Nearly 143 times
- Grey market premium
- ₹240
- Estimated listing price
- Around ₹669 per share
- Fresh issue
- 1.68 crore equity shares
- Planned infrastructure spending
- ₹576 crore
- Minimum lot investment
- 34 shares, requiring ₹14,586