ESDS Software Solution IPO Subscription Day 1: Issue Subscribed 0.12 Times

Mumbai, August 28: The ESDS Software Solution IPO opened for subscription on Friday, August 28, 2026, but investor response was still fairly muted in the morning session. At around 10:08 AM, the issue had received bids for 14.24 lakh shares against 1.17 crore shares on offer, taking the overall subscription to 0.12 times.

The ₹720 crore public issue will remain open for investors until September 1. Since this is only the first day, the subscription numbers are expected to move as bidding picks up during the remaining sessions.

The IPO is entirely a fresh issue of 1,67,83,216 equity shares. The price band has been set at ₹408 to ₹429 per share, while investors can bid for a minimum of 34 shares in one lot. At the upper end of the price band, one retail lot requires an investment of ₹14,586.

ESDS Software Solution IPO Subscription Status

Among the investor categories, the NII segment had the strongest response so far, with subscription reaching 0.26 times.

Within the NII category, the sNII portion was subscribed 0.33 times, while the bNII segment stood at 0.23 times. The retail portion received bids for 7.69 lakh shares against 58.74 lakh shares offered, resulting in a subscription of 0.13 times.

The QIB portion, excluding the anchor allocation, had not received any bids as of the latest update.

The IPO had received 15,920 applications by 10:08 AM on Day 1.

ESDS Software Solution IPO Day 1 Subscription

The figures reflect the subscription position at the time of the latest update on Day 1. They can change throughout the day as fresh bids are submitted.

Day-wise Subscription Details

The IPO is still open, so these are only the Day 1 numbers available so far. Subscription levels could change considerably as the issue moves towards its September 1 closing date.

ESDS Software Solution IPO Details

ESDS Software Solution is raising ₹720 crore through the IPO, which consists entirely of a fresh issue of 1,67,83,216 equity shares.

The company has fixed the IPO price band at ₹408 to ₹429 per share, with a lot size of 34 shares. The issue opened on August 28 and will close on September 1, 2026.

The tentative allotment is expected on September 2, followed by refunds and credit of shares on September 3. The shares are scheduled to list on the BSE and NSE on September 4, subject to the finalisation of the IPO process.

ESDS Software Solution IPO Reservation

Under the IPO structure, not more than 50% of the net issue has been reserved for qualified institutional buyers (QIBs). Retail investors have been offered not less than 35% of the net issue, while the NII category has been allocated not more than 15%.

About ESDS Software Solution Ltd.

Incorporated in 2005, ESDS Software Solution operates in cloud services, managed services, data centre infrastructure and software solutions. The company provides Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS) to customers across the BFSI, government and enterprise segments.

During fiscal 2026, ESDS served 2,501 customers and reported revenue from operations of ₹4,722.10 million. Its services cover areas such as cloud and data centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps.

The company operates Tier 3 data centres across India and provides infrastructure and managed services backed by redundant power, disaster recovery facilities and 24/7 operations.

Conclusion

The ESDS Software Solution IPO has had a slow start on Day 1, with the issue subscribed 0.12 times as of the latest update. The NII category is currently ahead of the other non-anchor segments at 0.26 times, while retail subscription stands at 0.13 times. QIB participation is yet to begin in the non-anchor portion.

That said, it is still early in the issue period. With two more subscription days remaining after the opening day, the demand picture can change as more investors enter the IPO.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=ESDS&series=EQ&type=Active