ESDS Software Solution IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time here

The basis of allotment for ESDS Software Solution Ltd is expected to be finalised on Wednesday, September 2. Investors who have applied for the IPO can check bid finalisation details on the websites of the National Stock Exchange (NSE), the BSE and MUFG Intime India.

The initial share sale was subscribed a whopping 135.88 times. It received bids for 1,67,85,63,340 shares compared to 1,23,52,942 shares on offer, according to the BSE data.

The ₹720 crore initial public offering was solely a fresh issuance of 1.68 crore equity shares, with no offer for sale (OFS) component.

Money raised to the tune of ₹576 crore will be used to purchase and install cloud computing and other equipment and infrastructure for data centres. The rest will be used for corporate general purposes.

"Our company expects that the listing of the equity shares on the stock exchanges will enhance our visibility and our brand image among our existing and potential customers and create a public market for the equity shares of our company," according to the red herring prospectus.

With a price band of ₹408 to ₹429 per share, a lot consisted of 34 shares.

ESDC Software Solution provides cloud, managed services, data centre infrastructure and solution solutions in India. It offers an end-to-end portfolio consisting of Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), catering to customers across BFSI (Banking, Financial Services, and Insurance), Government and enterprise segments.

ESDS Software Solution IPO: Allotment date and time

How to check ESDS Software Solution IPO allotment status online on NSE

• Open NSE's allotment link in your browser: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• From the 'Select Symbol' option, pick 'ESDS'
• Add your PAN (Permanent Account Number) and application number
• Hit the 'Submit' button

Steps to check ESDS Software Solution IPO allotment status online on BSE

• Go to BSE's allotment link: https://bseindia.com/investors/appli_check.aspx
• Keep 'Equity' as the issue type
• From the list of public offers, pick ‘ESDS Software Solution Ltd’
• Fill in your PAN or IPO application number
• Press the ‘Submit’ button

ESDS Software Solution IPO allotment status online on MUFG Intime India; full steps

• Head to the registrar's allotment page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘ESDS Software Solution Ltd’ from the IPO names
• Type in any of the following details: DP/Client ID, Application No, PAN, or Account No/IFSC
• Click on the ‘Submit’ button

ESDS Software Solution IPO listing date and time

Shares of ESDS Software Solution will be listed on the NSE and the BSE on Friday, September 4, at 10 am.