ESDS SOFTWARE SOLUTION SHARES MORE THAN DOUBLE ON DEBUT

ESDS Software Solution made a strong debut on the stock exchanges on Friday, with its shares more than doubling from the IPO issue price. The stock hit the 20 percent upper circuit at Rs 908.40 per share on the NSE, marking a gain of 111.75 percent over its issue price. Analysts have advised existing allottees to consider booking partial profits at current levels while retaining the remaining shares with a stop-loss in the Rs 650–680 range. Following the sharp rise in the stock price, the company's market capitalisation increased by nearly Rs 1,900 crore to Rs 10,647.44 crore, compared with Rs 8,747.45 crore at the issue price. The strong listing came after robust investor interest in the primary market. ESDS Software Solution's IPO was subscribed 136 times during the bidding period from August 28 to September 1. Analysts believe the company is well positioned to benefit from the long-term growth in cloud computing, data-centre infrastructure, cybersecurity and digitalisation in India. ESDS is among the only two players offering an integrated portfolio spanning GPU-as-a-Service (GPUaaS), cloud services, managed services, data-centre infrastructure and software solutions. It was also the larger of the two players by FY26 revenue from operations, which stood at Rs 4,722.10 million. The company provides Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS) solutions to customers across the banking, financial services and insurance (BFSI), government and enterprise segments. It had 2,501 customers in FY26.