ESDS IPO Fully Subscribed Within Hours On Day 1

Enterprise cloud and AI firm ESDS Software Solution’s initial public offering (IPO) saw an overwhelming demand on its first day of trading. The shares were fully subscribed within just a few hours of the bidding opening, with investors placing bids for 1.26 crore shares, surpassing the available 1.24 crore shares by a margin of 1.02 times.

Retail investors contributed the most, with their portion of the issue being subscribed 1.4 times over, while non-institutional investors (NIIs) demonstrated strong interest, subscribing 1.5 times the available shares. Qualified institutional buyers (QIBs) showed minimal involvement, placing only 6,154 bids against 35.29 lakh shares on offer.

The IPO, valued at approximately ₹5,028 crore ($526 million), falls within its price range of ₹408-₹429. ESDS, founded in 2005 and based in Nashik, offers cloud computing, data centre, managed services, and AI-led digital solutions to both government and enterprise clients. The company’s new issue will close on September 1, 2025, and its shares are set to list on the BSE and NSE on September 4, 2025.

ESDS aims to utilize ₹576 crore from the net proceeds for expanding its cloud computing infrastructure and other corporate needs.