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  5. ESDS Software Solution IPO subscribed 101.21 times so far on Day 3: Check allotment date and steps

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ESDS Software Solution IPO subscribed 101.21 times so far on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 01, 2026, 15:08 IST

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SUMMARY

The ₹720 crore ESDS Software Solution IPO is entirely a fresh issue of 1.68 crore equity shares. With a price band of ₹408 to ₹429 per share, a lot consists of 34 shares.

Incorporated in 2005, ESDS Software Solution provides cloud, managed services, data centre infrastructure and software solutions. | Image: esds.co.in

Incorporated in 2005, ESDS Software Solution provides cloud, managed services, data centre infrastructure and software solutions. | Image: esds.co.in

The initial public offering of ESDS Software Solution Limited has been subscribed 101.21 times so far on the third day of bidding on Tuesday, September 1.

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The IPO received bids for 1,25,02,76,254 shares against 1,23,52,942 shares on offer, according to details available with the NSE website until 3:04 pm.

The quota for non-institutional investors (NIIs) was subscribed 180.60 times and the retail investors' portion garnered 35.42 times subscription. The qualified institutional buyers (QIBs) part was booked 156.80 times.

The ₹720 crore initial share sale is entirely a fresh issue of 1.68 crore equity shares. With a price band of ₹408 to ₹429 per share, a lot consists of 34 shares.

The company intends to use ₹576 crore to purchase and install cloud computing and other equipment and infrastructure for its data centres. The remaining proceeds will be utilised for general corporate 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.

ESDS Software Solution is an artificial intelligence-enabled cloud, managed services, data centre infrastructure and software solutions provider.

ESDS Software Solution IPO: Allotment and listing date

ESDS Software Solution IPO allotment status is expected to be finalised on Wednesday, September 2. The company's shares will be listed on the NSE and the BSE on Friday, September 4.

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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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