[REVISION HISTORY]

ESDS Software Solution IPO and market debut

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2026-09-04 14:26 UTC → 2026-09-04 21:59 UTC · added ~~removed~~

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.

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