ESDS Software Solution IPO
ESDS Software Solution IPO is a mainboard IPO raising ₹720 Cr at ₹408 – ₹429 a share. It listed on 4 Sept 2026 at ₹757, +76.5% against its issue price of ₹429, and trades at ₹1,582 today (+268.8% since issue). It was subscribed 136× in total.
135.9 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 35,29,412 | 92,29,92,424 | 262× |
| Foreign Institutional Investors | no separate quota | 27,44,23,622 | n/a |
| Domestic Financial Institutions | no separate quota | 41,46,78,926 | n/a |
| Mutual funds | no separate quota | 5,10,40,392 | n/a |
| Others | no separate quota | 18,28,49,484 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 26,47,059 | 51,07,16,856 | 193× |
| Non Institutional Investors | 17,64,706 | 36,85,36,268 | 209× |
| Corporates | no separate quota | 40,84,420 | n/a |
| Individuals | no separate quota | 34,69,15,022 | n/a |
| Others | no separate quota | 1,75,36,826 | n/a |
| Non Institutional Investors | 8,82,353 | 14,21,80,588 | 161× |
| Corporates | no separate quota | 3,93,346 | n/a |
| Individuals | no separate quota | 13,73,58,572 | n/a |
| Others | no separate quota | 44,28,670 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 61,76,471 | 24,48,54,060 | 40× |
| Cut Off | no separate quota | 20,90,22,106 | n/a |
| Price bids | no separate quota | 3,58,31,954 | n/a |
| Total | 1,23,52,942 | 1,67,85,63,340 | 136× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 2 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 12% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.