ESDS Software Solution IPO Subscription Status: Issue Booked 2.21 Times

Mumbai, August 28: ESDS Software Solution IPO opened for bidding on August 28, 2026, and saw a decent rush of applications on the very first day. By 5:06 PM, the issue had been subscribed 2.21 times overall.

Non-institutional investors were at the front of the pack, subscribing 3.70 times their reserved portion. Retail investors were not far behind, with their category subscribed 2.84 times. The QIB (Ex Anchor) portion, however, was still largely untouched at 0.01 times.

The ₹720 crore IPO is completely a fresh issue of 1,67,83,216 shares. The price band has been set at ₹408 to ₹429 per share, while one retail lot contains 34 shares. At the upper end of the price band, a retail investor needs ₹14,586 to apply for one lot.

ESDS Software Solution IPO Subscription Details

By the end of Day 1, investors had bid for 2,60,08,708 shares compared with 1,17,48,252 shares available for subscription. This pushed the overall subscription to 2.21 times.

The NII category attracted the strongest response during the day. It received bids for 93,07,466 shares against 25,17,483 shares on offer, resulting in a subscription of 3.70 times.

Looking deeper into the NII numbers, the sNII category stood out with 6.04 times subscription after receiving bids for 50,70,148 shares. The bNII segment was subscribed 2.52 times, with bids for 42,37,318 shares.

Retail investors also showed strong interest in the issue. Their portion received bids for 1,66,66,358 shares against 58,74,126 shares offered, taking the subscription level to 2.84 times.

The QIB (Ex Anchor) category was much slower on the first day. It received bids for 34,884 shares against 33,56,643 shares offered, translating into just 0.01 times subscription.

Before the IPO opened, ESDS Software Solution had raised ₹216 crore from anchor investors. A total of 50,34,964 shares were allotted to the anchor investors.

ESDS Software Solution IPO Day 1 Subscription

ESDS Software Solution IPO closed its first subscription day with an overall subscription of 2.21 times.

The NII category remained the biggest contributor to the opening-day demand at 3.70 times. Retail investors also put in a strong showing with 2.84 times subscription, while the QIB (Ex Anchor) portion stood at 0.01 times.

The early response has therefore come mainly from NII and retail investors. The institutional portion will be one of the key numbers to watch as the IPO moves through its remaining subscription days.

The issue will remain open until September 1, 2026.

ESDS Software Solution IPO Day-wise Subscription

The IPO started on a positive note, with total subscription crossing the two-times mark on Day 1 itself. The strongest traction came from the smaller NII segment, while retail participation was also comfortably above two times.

ESDS Software Solution IPO Lot Size

The minimum application for retail investors is 34 shares, which comes to ₹14,586 at the upper end of the IPO price band.

Retail investors can apply for a maximum of 13 lots, or 442 shares, requiring ₹1,89,618. For S-HNI investors, the minimum application is 14 lots, or 476 shares, involving ₹2,04,204.

ESDS Software Solution IPO Details

ESDS Software Solution IPO is a ₹720 crore book-built issue comprising entirely of a fresh issue of 1,67,83,216 shares.

The price band is fixed at ₹408 to ₹429 per share. The IPO opened on August 28 and will close on September 1, 2026. The tentative allotment is expected on September 2, followed by the proposed listing on September 4 on the BSE and NSE.

ESDS Software Solution operates across cloud services, managed services, data centre infrastructure and software solutions. Its offerings include Infrastructure-as-a-Service, managed services and Software-as-a-Service for customers across BFSI, government and enterprise segments.

ESDS Software Solution IPO Conclusion

The ESDS Software Solution IPO has made a strong start, with the issue already 2.21 times subscribed on the opening day. NII investors are currently driving the demand at 3.70 times, while the retail portion has also attracted 2.84 times subscription.

The bigger picture will become clearer over the next two days. Retail and NII demand has started on a firm note, but QIB participation remains very low so far. Investors will be watching whether institutional interest picks up before the IPO closes on September 1.

Source:

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