ESDS IPO Subscribed 8X on Day 2 Driven by NII Demand

31 Aug 2026, 11:10 am · 12d ago · 1 min read · Inc42

Amount

₹720 Cr

Stage

IPO

Enterprise cloud and AI infrastructure provider ESDS Software Solution saw its ₹720 crore initial public offering subscribed 8.08 times on Day 2 of bidding. Non-institutional investors led demand with a 22X subscription, while retail investors bid 6.72 times their allocated quota. Bids for qualified institutional buyers remained muted at 0.04X. Overall, investors placed bids for 9.99 crore shares against the 1.24 crore on offer. The fresh issue-only IPO closes tomorrow, with shares expected to list on the BSE and NSE on September 4.