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ESDS Software Solution jumps to 20% upper circuit after listing
The stock has gained 201% versus its IPO price of ₹429, after debuting on September 4 on the Indian bourse.
ESDS Software Solution shares accelerated after their debut on the Indian bourses on Friday, September 4, rising 200% in just three sessions post listing, according to LiveMint Markets.
On Tuesday, September 8, the stock opened at ₹1,187.95 versus the prior close of ₹1,074.65 and hit a 20% upper circuit to ₹1,289.55. That brings the gain to 201% from the IPO price of ₹429, after it also hit a 20% upper circuit on Monday, September 7.
The company was listed on the NSE at ₹757 on September 4, a 76.46% premium to its IPO issue price, while on the BSE it opened at ₹746.30, a 73.96% premium. ESDS Software Solution describes itself as an AI enabled provider of cloud, managed services, data centre infrastructure, and software solutions in India.
LiveMint Markets also notes that the IPO opened for public subscription on August 28 and closed on September 1, with subscription recorded at 100 times. Financials cited in the story show revenue from operations rising from ₹286.52 crore in FY24 to ₹361.34 crore in FY25 and ₹472.21 crore in FY26, while profit attributable to owners increased from ₹12.57 crore in FY24 to ₹55.61 crore in FY25 and ₹120.28 crore in FY26.