ESDS Software Solution Limited's Initial Public Offering is scheduled to list on both the BSE and the National Stock Exchange on Friday, September 4, 2026. The book-building issue, which closed for subscription on September 1, 2026, aimed to raise ₹720 crore through an entirely fresh issue of 1.68 crore equity shares.
The IPO was priced in a band of ₹408 to ₹429 per share, with the final issue price set at ₹429 per share, according to the company's regulatory filings. The offering saw significant investor demand, being oversubscription 135.88 times overall. Qualified Institutional Buyers subscribed 261.51 times, Non-Institutional Investors subscribed 27.82 times, and retail investors subscribed 8.91 times.
The company plans to utilize ₹576 crore of the net proceeds for purchasing and installing cloud computing equipment and other data center infrastructure, bolstering its competitive edge in the technology sector.
According to grey market sources, the ESDS Software Solution IPO's Grey Market Premium on Thursday morning was ₹365, suggesting the stock could list at ₹794, representing an 85% premium over the issue price. Prior estimates based on a Grey Market Premium of ₹255 had indicated an estimated listing price of ₹684 per share, or a 59.44% premium.
While the Grey Market Premium indicated positive sentiment, analysts noted a downward trajectory in the premium trend in the days leading up to the listing, suggesting some moderation in market enthusiasm ahead of the debut.
ESDS Software Solution is positioned as one of only two players in India offering a comprehensive suite of GPU-as-a-Service, cloud, managed services, data center infrastructure, and software solutions. The actual listing price and final listing gains will only be known after the shares debut on September 4, 2026.
