ESDS Software Solution IPO

Cloud Computing & Data Centre Infrastructure (AI/IaaS/SaaS) - Listed on 04 September 2026

+76.5% listing gain
Issue Price (Upper)
Rs 429
Listing Price
Rs 757
Closing Price (NSE)
Rs 908.41
Total Subscription
142.88x

ESDS Software Solution IPO listing summary

ESDS Software Solution (Cloud Computing & Data Centre Infrastructure (AI/IaaS/SaaS)) closed its IPO window in 2026 and listed on NSE and BSE on 04 September 2026 at an upper band issue price of Rs 429, opening at Rs 757 for a listing gain of +76.5% and closing day one at Rs 908.41 (+111.8% on closing basis). The IPO was subscribed 142.88x overall - QIB 274.97x, HNI/NII 202.87x, Retail 41.68x. The total issue size was Rs 720 Cr (Fresh Issue Rs 720 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+76.46%
Listing Gain (Close)
+111.75%
Day Change After Listing
+20.00%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB274.97x
HNI / NII202.87x
Retail41.68x
Overall142.88x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 12.21x
Day 219.28x
Day 3 (Final)142.88x

ESDS Software Solution IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 250+58.28%
Day 2Rs 250+58.28%
Day 3Rs 250+58.20%
Day 4Rs 370+86.25%
Day 5Rs 350+81.59%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
58.2%-86.3%
IPOGyani AI Prediction
60.1%
Actual Listing Gain
+76.5%

Prediction Accuracy: 16.4 pp (Variance observed)

Issue & financials

Issue SizeRs 720 Cr
Fresh IssueRs 720 Cr
OFSRs 0 Cr
IPO PE41.61
Peer / Sector PE-
PE vs Sector Ratio-
Latest EBITDA (Cr)49.60
Debt / Equity0.08

Market context at listing

How the broader market moved around the ESDS Software Solution IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.66%
Nifty 1W Return-1.15%
Nifty 1M Return-1.04%
Nifty during IPO window-1.15%

ESDS Software Solution IPO - FAQs

What was the listing gain of ESDS Software Solution IPO?

ESDS Software Solution IPO listed at +76.5% versus the upper issue price of Rs 429 on 04 September 2026.

How many times was ESDS Software Solution IPO subscribed?

ESDS Software Solution IPO was subscribed 142.88x overall. QIB portion was subscribed 274.97x, HNI / NII 202.87x and Retail 41.68x.

What was the IPO GMP for ESDS Software Solution?

IPO GMP started at Rs 250 on Day 1 and moved to Rs 350 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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