ESDS Software Solution IPO listing today: GMP at ₹247; Share price prediction ahead of NSE, BSE debut

ESDS Software Solution share price made a bumper debut on the bourses today, Friday, 4 September. On NSE, ESDS Software Solution share price opened at ₹757 per share, 76.46% higher than the issue price of ₹429. On BSE, the stock opened at ₹746.30 apiece, up 73.96% than the issue price.

ESDS Software Solution IPO allotment was finalised on Wednesday, 2 September. According to details on the BSE website, ESDS Software Solution share price listed in a special pre-open session on both the BSE and NSE during Friday's trades. ESDS Software Solution share price today are available for trade from 10:00 IST.

Members of the Exchange are notified that starting Friday, 4 September 2026, the equity shares of ESDS Software Solution Limited will be listed and permitted for trading on the Exchange within the 'B' Group of Securities, as stated in BSE notice.

ESDS Software Solution's IPO witnessed strong investor demand, with the issuer receiving 135.88 times subscription on the final day of bidding.

The public issue comprises an entirely new issue of equity shares worth up to ₹720 crore, with the price band fixed at ₹408– ₹429 per share.

Of the total IPO proceeds, ESDS plans to deploy around ₹576 crore towards the purchase and installation of cloud computing equipment and other infrastructure for its data centres. The remaining amount will be utilised for general corporate purposes.

ESDS Software Solution IPO GMP today

ESDS Software Solution IPO GMP today, or grey market premium, is +247. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of ESDS Software Solution share price was indicated at ₹676 apiece, which is 57.58% higher than the IPO price of ₹429.

Analysing grey market trends over the past 10 sessions, the current IPO GMP trajectory shows a downward trend and is likely to decline further. Throughout this period, the GMP fluctuated between ₹247 and ₹372, according to experts.

ESDS Software Solution IPO listing prediction

Mahesh M. Ojha, Vice President – Research & Business Development at Kantilal Chhaganlal Securities Pvt Ltd, said ESDS operates predominantly through leased or licensed data-centre infrastructure, enabling the company to expand capacity through an asset-light model with relatively lower upfront investments in land and buildings.

According to Ojha, ESDS delivered around 28% revenue CAGR between FY24 and FY26, while its EBITDA margin expanded to 49.6%. The company reported a PAT of ₹120.8 crore in FY26, reflecting strong operating leverage and an improving profitability profile.

Ojha highlighted the ₹11,831 crore, five-year AI infrastructure agreement with Sharon AI, involving around 8,208 NVIDIA B300 GPUs, as a key growth driver. He said the agreement provides substantial revenue visibility and positions ESDS to participate meaningfully in the rapidly expanding AI cloud infrastructure market.

He added that ESDS has a strong presence across BFSI, government and other regulated enterprises, supported by its SWARAJ Cloud platform and integrated offerings across cloud, data centres, cybersecurity and managed services.

However, Ojha cautioned that the company’s valuation, at around 41.8 times FY26 P/E and 21.5 times adjusted EV/EBITDA, leaves limited room for execution disappointments. Key risks include customer concentration, intense competition and rapid technological changes.

For IPO allottees, Ojha recommended booking partial listing gains while retaining the balance for the long term. He expects the stock could potentially deliver listing gains of 35–40% or more, subject to overall market conditions and the final issue and listing valuation.

“Given the strong AI-led growth opportunity and improving financial profile, investors with a long-term horizon may consider holding a meaningful portion of their allocation to participate in ESDS’ potential growth in AI and cloud infrastructure,” Ojha said.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.