MUMBAI, September 4: ESDS Software Solution made a blockbuster stock-market debut on Friday, with its shares listing at a premium of more than 76% on the National Stock Exchange, following strong investor demand for its ₹720-crore initial public offering.
The stock opened at ₹757 per share on the NSE, representing a 76.46% premium over the IPO issue price of ₹429. On the BSE, ESDS debuted at ₹746.30, translating into a listing gain of 73.96%.
IPO Receives Massive Investor Demand
The ESDS Software IPO was open for subscription from August 28 to September 1 and received strong demand across investor categories.
According to exchange data cited by The Economic Times, the issue was subscribed around 135.88 times overall.
Qualified Institutional Buyers led demand, with their reserved portion subscribed around 261.51 times, while Non-Institutional Investors subscribed nearly 192.94 times. The retail portion was booked around 39.64 times.
₹720-Crore Fresh Issue
ESDS Software had set a price band of ₹408–₹429 per share, with the final issue price fixed at the upper end of ₹429.
The ₹720-crore IPO was a fresh issue, meaning the proceeds will go to the company rather than existing shareholders selling their holdings.
Before opening the public issue, ESDS had raised approximately ₹216 crore from anchor investors, allotting around 50.34 lakh shares at ₹429 apiece.
₹576 Crore Earmarked for Data Centre Expansion
ESDS plans to use approximately ₹576 crore of the IPO proceeds to purchase and install cloud-computing equipment and expand infrastructure at its data centres.
The remaining funds will be used for general corporate purposes.
Shares Extend Gains After Listing
Investor enthusiasm remained strong even after the blockbuster opening.
ESDS shares subsequently surged to the upper circuit on both exchanges, with the NSE price reaching around ₹908.40, taking the stock more than 110% above its IPO issue price during intraday trading.
The sharp rally highlighted strong listing-day demand, although such large gains can also lead to volatility and profit-booking.
What Does ESDS Software Do?
Founded in 2005, ESDS Software Solution is an AI-enabled cloud, managed-services, data-centre infrastructure and software-solutions provider.
Its services include public and private cloud infrastructure, data-centre management, cybersecurity, disaster recovery, database management, DevOps and Software-as-a-Service solutions.
The company serves customers across sectors including banking and financial services, government and enterprises.
Strong FY26 Financial Performance
ESDS reported total income of approximately ₹480.65 crore in FY26, up around 28% from the previous year.
Profit after tax increased sharply to around ₹120.82 crore, compared with ₹55.61 crore in FY25.
The strong listing places ESDS among the notable IPO debuts of 2026 and comes amid renewed investor activity in India’s primary market.
source – NSE / Moneycontrol
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