ESDS Software shares score stellar D-Street debut, list at 76% premium over IPO price
Shares of ESDS Software Solution made a strong debut on Dalal Street on Friday, listing at a 76% premium over the IPO price. The stock opened at Rs 757 on the NSE and Rs 746.30 on the BSE, compared with the issue price of Rs 429.
The IPO, which was open for subscription from August 28 to September 1, received an overwhelming response across investor categories. Overall, the issue was subscribed 135.88 times. Retail investors subscribed 39.64 times their allotted portion, while Non-Institutional Investors (NIIs) bid for 192.94 times the shares reserved for them. Demand was strongest among Qualified Institutional Buyers (QIBs), with their portion subscribed 261.51 times.
