ESDS Software Solution IPO Day 2: Issue Subscribed 2.10 Times so Far; GMP Signals 78% Listing Premium

ESDS Software Solution IPO Day 2: Issue subscribed 2.10x so far. GMP signals 78% listing pop. Should you apply?

ESDS Software Solution IPO GMP today, or grey market premium, stands at ₹335, the estimated listing price is ₹764 per share, implying a 78.09% premium over the IPO price of ₹429.

ESDS Software Solution IPO Day 2: Issue subscribed 2.10 times so far; GMP signals 78% listing premium

ESDS Software Solution IPO entered its second day with strong investor demand, after the issue was subscribed 2.10 times on Day 1. Retail investors subscribed 2.69 times, while the grey market premium stood at around 78%, signalling expectations of a strong listing. The Rs 720-crore IPO, priced at Rs 408-429 per share, closes on September 1.

ESDS IPO Subscribed 8X On Day 2; NII Portion Booked 22X

The demand, led by NIIs and retail investors, signalled strong investor appetite for ESDS’ homegrown cloud and AI infrastructure story, even as QIB participation remained muted