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Business Desk – ESDS Software Solution IPO: This IPO has received an excellent response from investors. This IPO of Rs 720 crore, which opened for subscription on August 28, closed on September 1. The company had fixed the price band of Rs 408 to Rs 429 per share for this issue. The IPO included both Fresh Issue and Offer for Sale i.e. OFS. After three days of bidding, the issue was subscribed a total of 142.88 times.

2.21 times subscription on first day

Investors showed good interest in the IPO on the first day of its opening. The issue was subscribed a total of 2.21 times. The Retail Investors category was subscribed 2.84 times, while the NII i.e. Non-Institutional Investors category received 3.70 times bids. However, in the QIB i.e. Qualified Institutional Buyers category, there was only 0.01 times subscription on the first day.

Speed ​​suddenly increased on the second day

There was a tremendous increase in the demand for ESDS Software Solution IPO on the second day. By the end of the day the issue was subscribed a total of 25.77 times. Subscription was received 19.67 times in Retail category and 73.34 times in NII category. Whereas subscription of QIB category increased to 0.76 times.

142.88 times subscription on the third day

Investors bid heavily on the last day of the IPO. The issue was subscribed a total of 142.88 times. The highest demand came from the QIB category, which was subscribed 274.97 times. Subscription was received 202.87 times in NII category and 41.68 times subscription in Retail Investors category.

Share allotment today, listing on 4th September

Allotment of shares of ESDS Software Solution IPO will be finalized today i.e. on 2nd September. After this, the company's shares are expected to be listed on NSE and BSE on September 4.

Investors who have invested in the IPO can check their share allotment status on the website of MUFG Intime India Private Limited, the registrar of the issue. For this, first of all you have to go to the registrar's website. After this, ESDS Software Solution has to be selected in the dropdown. Then you will have to enter the required information like PAN Number, Application Number, Client ID or Account Number and IFSC and submit it.

GMP hints at possible listing at Rs 702

There is a good movement in the gray market regarding ESDS Software Solution IPO. According to market sources, its GMP was Rs 273 at around 9 pm on September 1. This is about 63.6% more than the upper price band of Rs 429 of IPO.

If IPO Cap Price and current GMP are considered as the basis, then the estimated listing price of the share comes to around Rs 702. That means, against the issue price of Rs 429, a potential listing gain of around Rs 273 or about 63.6% is visible.

However, investors should note that GMP is only an indication and not a guarantee. The Gray Market Premium is subject to change at any time prior to listing and the actual Listing Price may differ from GMP.

Company's focus on AI and Cloud Technology

ESDS Software Solution was established in August 2005. The company works in the field of AI based Cloud, Managed Services, Data Center Infrastructure and Software Solutions. Its major customers are from BFSI, Government and Corporate Sector. The company provides an end-to-end portfolio of IaaS, SaaS and Managed Services.

The number of customers of the company in the financial year 2026 was 2,501. During this period, the company's operational revenue was recorded at Rs 4,722.10 million.

Five Tier-3 Data Centers in India

The company operates five Tier-3 Data Centers in India. Their total area is more than 75,266 square feet. The company's services include facilities like Cloud Management, Cyber ​​Security, IT Infrastructure, Network Management, Backup and Disaster Recovery.

The company's patented SWARAJ Cloud Platform focuses on AI based Cloud Technology. As of June 30, 2026, a total of 993 employees were working in the company.

What next for investors?

Now the eyes of investors are first on Share Allotment. The next important milestone for those who will get shares will be the listing on September 4. The IPO received 142.88 times subscription and GMP of Rs 273 in the gray market has raised expectations regarding the listing, but the final price will depend on the market condition and Demand-Supply on the listing day.