ESDS Software Solution IPO
ESDS Software Solution Limited (ESDS) · mainboard IPO on NSE and BSE · Book Building. Listed on 04 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +26.7% (likely range +12% to +60%), day's high +34.2%, chance of a gain 92%. Actual: +76.5% at the open, +111.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 35,29,412 | 92,29,92,424 | 262x | |
| NII (HNI) total | 26,47,059 | 51,07,16,856 | 193x | |
| Big NII (above ₹10 lakh) | 17,64,706 | 36,85,36,268 | 209x | |
| Small NII (₹2-10 lakh) | 8,82,353 | 14,21,80,588 | 161x | |
| Retail | 61,76,471 | 24,48,54,060 | 39.6x | |
| Total | 1,23,52,942 | 1,67,85,63,340 | 136x |
Bids on NSE and BSE together, as published by NSE, as of 01 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to ESDS Software Solution's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Lumino IndustriesAug 2026 | 221x | 176x | 38.5x | 118x | ₹736 Cr | +34.1% | +45.1% |
| Corona RemediesDec 2025 | 279x | 209x | 28.7x | 137x | ₹691 Cr | +38.4% | +41.0% |
| GNG ElectronicsJul 2025 | 266x | 228x | 46.8x | 148x | ₹479 Cr | +49.8% | +51.6% |
| CMR Green TechnologiesJun 2026 | 270x | 172x | 27.0x | 127x | ₹631 Cr | +39.6% | +40.1% |
| Caliber Mining and LogisticsJul 2026 | 241x | 267x | 41.1x | 147x | ₹475 Cr | +18.0% | +27.1% |
| KusumgarJul 2026 | 284x | 165x | 26.5x | 129x | ₹685 Cr | +35.8% | +49.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| DAM Capital Advisors | 37 | +13.6% | 59% |
| Systematix Corporate Services | 11 | +11.4% | 45% |
Offer documents (NSE)
Frequently asked
What is the ESDS Software Solution IPO price band and lot size? ₹408–429 per share, with a lot of 34 shares, so the smallest retail bid is ₹14,586.
How many times has it been subscribed? 136x overall: QIB 262x, NII 193x, retail 39.6x.
How did it list? It opened at ₹757, +76.5% against the issue price of ₹429, and closed its first day +111.8%.
