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 ₹1,293 today (+201.4% 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
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| E2E Networks Limited | -819.78× | -0.92% | ₹-0.76 |
| This issue | 36.3× | 22.85% | ₹11.81 |
derived: cut-off price Rs429 / stated EPS Rs11.81 (Fiscal 2026 diluted EPS (face value Rs 1), restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.