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2 clusters · 16 sources · 8 days · First seen 15 days ago · Last updated 8 days ago

ESDS Software Solution IPO and market debut

Overview

ESDS Software Solution, an AI-enabled cloud and data center infrastructure provider, launched an initial public offering (IPO) to raise ₹720 crore. The company intended to use the capital to acquire GPUs and expand its sovereign cloud ambitions. Prior to the launch, the company reported a 117% year-on-year increase in net profit for FY26.

Following the IPO, the company experienced a significant market debut. The stock was heavily oversubscribed by 135.88x and listed at a premium on both the NSE and BSE. On the NSE, shares listed at ₹757, a 76.5% premium over the ₹429 issue price, before hitting an upper circuit at ₹908.40, representing a gain of over 111% from the initial IPO price. The company’s market capitalization reached approximately ₹10,496.83 crore following the listing.

Reports confirm the company plans to utilize the ₹720 crore in proceeds to invest in cloud computing equipment and data center infrastructure. Following its listing, the company’s shares continued to show momentum, hitting a 20% upper circuit on the NSE.

Entities

Priority Jewels · ESDS Software Solution · NSE · National Stock Exchange · State Bank of India

Claims

What the coverage asserts, and how many sources carry each claim.

[● 7 SOURCES] ESDS Software Solution shares hit a 20% upper circuit on the NSE following its debut. hindi.business-standard.com · www.investingcube.com · hindi.news18.com · www.news9live.com · tradebrains.in · +2 more
[● 7 SOURCES] The ESDS Software Solution IPO was subscribed 135.88 times. hindi.business-standard.com · www.investingcube.com · hindi.news18.com · www.news9live.com · tradebrains.in · +2 more
[● 4 SOURCES] SEBI issued an observation letter for the National Stock Exchange (NSE) IPO. samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
[● 4 SOURCES] The NSE IPO is expected to raise approximately ₹30,000 crore. samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
[● 4 SOURCES] The NSE IPO is structured entirely as an offer for sale (OFS). samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
[● 4 SOURCES] The SBI Group plans to sell approximately 2.48 crore shares in the NSE IPO. samacharnama.com · cryptobriefing.com · www.dtnext.in · www.orissapost.com
[● 2 SOURCES] Priority Jewels shares listed at a 15% premium on the NSE. hindi.business-standard.com · www.businesstoday.in
[○ 1 SOURCE] NSE aims to list its shares during the week of September 21. cryptobriefing.com

Timeline

8 days ago

[BUSINESS] 16 sources
National Stock Exchange receives SEBI approval for ₹30,000 crore IPO
SEBI has approved the National Stock Exchange of India's ₹30,000 crore IPO, targeting a September 21 listing. Meanwhile, ESDS Software Solution and Priority Jewels saw strong market debuts.
15 days ago

[BUSINESS] 2 sources
ESDS Software Solution and Priority Jewels launch IPOs
ESDS Software Solution and Priority Jewels are opening their IPO bidding processes. ESDS aims to fund cloud and GPU expansion, while Priority Jewels seeks to raise ₹91.50 crore for its jewelry business.

Sources

acvila30.ro · bhaskarlive.in · businesstoday.in · cryptobriefing.com · deccanchronicle.com · dtnext.in · hindi.business-standard.com · hindi.news18.com · inc42.com · investingcube.com · news18.com · news9live.com · orissapost.com · samacharnama.com · timesbull.com · tradebrains.in

This summary has been updated 2 times: see revision history