ESDS Software Solution IPO GMP signals near 56% listing gains on Sept 4; check total subscription and other details
The ESDS Software Solution IPO was oversubscribed 143 times, with bidding led by institutional investors. Listing on BSE and NSE is set for September 3, amidst a grey market premium suggesting a potential 55.94% gain over the IPO price of ₹429.
ESDS Software Solution IPO: The ESDS Software Solution IPO witnessed an exceptional rush from investors during its three-day subscription window, with the issue being subscribed nearly 143 times by the end of Day 3. With the public issue now behind it, market attention has shifted to the company's stock market debut, scheduled for Friday, September 3, on the BSE and NSE.
The IPO was open for subscription between August 28 and September 1 with an IPO price of ₹429.
Institutional investors led the bidding frenzy. The qualified institutional buyers (QIB) portion received the strongest response, with subscription reaching 274.97 times the shares reserved for the category. The non-institutional investor (NII) segment was subscribed 202.87 times, while the retail individual investor (RII) quota attracted bids worth 41.68 times the shares available to retail investors.
With the listing date drawing closer, investors are now closely watching the stock's potential debut price and the possible gains it could offer over the IPO price.
IPO GMP: The latest ESDS Software Solution IPO GMP stands at ₹240. Based on the upper end of the IPO price band and the prevailing grey market premium, the shares are estimated to list at around ₹669 apiece. This indicates a potential listing premium of 55.94% over the IPO price of ₹429.
The grey market premium (GMP) represents the additional amount that investors in the unofficial market are willing to pay over the IPO issue price.
The basis of allotment for the public issue was finalised on September 2. Successful applicants are scheduled to receive the shares in their demat accounts today, September 3, ahead of the company's listing on the stock exchanges. Investors who subscribed to the issue can check their allotment status through the registrar, MUFG Intime Pvt Ltd, or on the BSE and NSE websites.
ESDS Software Solution IPO Details
ESDS Software Solution's ₹720 crore initial public offering comprises entirely a fresh issue of 1.68 crore equity shares. The public issue has no offer-for-sale (OFS) component. Investors can bid for a minimum of 34 shares per lot, requiring a minimum investment of ₹14,586 for one lot.
The company intends to deploy a major portion of the IPO proceeds towards strengthening its data centre infrastructure. Of the total funds raised, ₹576 crore has been earmarked for the purchase and deployment of cloud computing equipment and other infrastructure needed for its data centre operations. The remaining proceeds will be used for general corporate purposes.
DAM Capital Advisors and Systematix Corporate Services are managing the issue as the book-running lead managers, while MUFG Intime India has been appointed as the registrar.
About ESDS Software Solution
Founded in August 2005, ESDS Software Solution Limited is an AI-enabled company offering cloud, managed services, Data Centre infrastructure and software solutions across India. Its offerings cover an end-to-end range of services, including Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across the BFSI, Government and enterprise sectors.
During Fiscal 2026, the company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
ESDS Software Solution's IaaS portfolio includes a broad range of services, spanning colocation and Data Centre offerings, along with public, private, virtual private, hybrid and community cloud solutions.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
About the Author
Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.