ESDS Software Solution Initial Public Offering Day 2 Update: Subscribed 2.21x on Day 1, NII Demand Leads

ESDS Software Solution IPO, Day 2 (Aug 31). Subscribed 2.21x on Day 1 (Aug 28): NII 3.70x, retail 2.84x, QIB 0.01x. Closes Sep 1, 2026.

Updated: 31 Aug 2026 • 10:42 am

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ESDS Software Solution Initial Public Offering Day 2 Update: Subscribed 2.21x on Day 1, NII Demand Leads

Quick Answer

ESDS Software Solution initial public offering entered its second day of bidding on August 31, 2026, after being subscribed 2.21 times overall by the end of Day 1, August 28, 2026. Non-institutional investors led the early demand at 3.70 times their reserved portion, followed by retail investors at 2.84 times, while the qualified institutional buyer (QIB) portion, excluding anchor investors, remained largely untouched at 0.01 times.

ESDS Software Solution Limited's Rs 720 crore initial public offering entered its second day of bidding on August 31, 2026, a trading day after the issue opened on August 28. By 5:06 PM on Day 1, the issue had received bids for 2,60,08,708 shares compared with 1,17,48,252 shares available for subscription, taking the overall subscription to 2.21 times.

Non-institutional investors were at the front of the pack, subscribing 3.70 times their reserved portion, while retail investors were close behind at 2.84 times. The QIB (ex-anchor) portion, however, remained largely untouched at 0.01 times, a pattern typical of the first day of bidding for mainboard issues, as institutional investors tend to concentrate their bids in the closing sessions.

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Table of Contents

About ESDS Software Solution

Track ESDS Software Solution's live subscription status on the Univest Screener

Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled, end-to-end IT service provider offering cloud infrastructure, data-centre services, managed services, and AI infrastructure solutions to government, PSU, BFSI, and enterprise clients across India. The company finalised its anchor investor allocation on August 27, 2026, raising Rs 216 crore from 19 institutional investors at Rs 429 per share, with domestic mutual funds receiving 81.94% of that allocation.

ESDS Software Solution IPO: Key Details

Parameter	Details
IPO Open Date	August 28, 2026
IPO Close Date	September 1, 2026
Price Band	Rs 408 to Rs 429 per share
Lot Size	34 shares
Total Issue Size	Rs 720 crore (100% fresh issue)
Overall Subscription (Day 1, 5:06 PM)	2.21x
NII Subscription (Day 1)	3.70x
Retail Subscription (Day 1)	2.84x
QIB Subscription (Day 1, ex-anchor)	0.01x
Anchor Investor Allocation	Rs 216 crore (19 institutional investors)
Listing Exchanges	NSE and BSE
Tentative Allotment Date	September 2, 2026
Tentative Listing Date	September 4, 2026

What the Strong Anchor Round Signals

ESDS Software Solution's anchor round, which saw domestic mutual funds including Motilal Oswal Mutual Fund, Bandhan Mutual Fund, Quant Mutual Fund, and JM Financial Mutual Fund taking up over 80% of the allocation at the upper price band, suggests healthy institutional confidence ahead of the public issue. Combined with the strong NII and retail response on Day 1, this points to a well-received offering, though the QIB (ex-anchor) portion will be the key figure to watch as the issue heads toward its September 1 close.

Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified, or endorsed by SEBI, NSE, or BSE, can vary widely between trackers, and is not always accurate. Investors interested in checking informally reported premium levels may refer to independent trackers such as InvestorGain.com or Chittorgarh.com, treating this data as supplementary only.

Conclusion

ESDS Software Solution's initial public offering enters Day 2 of bidding today, August 31, 2026, building on a strong Day 1 that saw the issue subscribed over 2 times, led by non-institutional and retail investors. With two more days of bidding remaining before the September 1 close, investors should track the live subscription numbers on the NSE and BSE. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

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FAQs on ESDS Software Solution Initial Public Offering

What is the ESDS Software Solution IPO subscription status on Day 2?

Ans. ESDS Software Solution initial public offering entered Day 2 of bidding on August 31, 2026, after being subscribed 2.21 times overall on Day 1 (August 28), with NII demand leading at 3.70 times and retail at 2.84 times.

When does the ESDS Software Solution IPO close?

Ans. The ESDS Software Solution initial public offering closes on September 1, 2026, giving investors two more days of bidding after today's Day 2 session.

How much did ESDS Software Solution raise from anchor investors?

Ans. ESDS Software Solution raised Rs 216 crore from 19 institutional investors in its anchor round on August 27, 2026, at Rs 429 per share, with domestic mutual funds receiving 81.94% of the allocation.

What does ESDS Software Solution do?

Ans. ESDS Software Solution is an AI-enabled IT service provider offering cloud infrastructure, data-centre services, managed services, and AI infrastructure solutions to government, PSU, BFSI, and enterprise clients.

Why is QIB subscription low on Day 1 for ESDS Software Solution?

Ans. Qualified institutional buyers typically place the bulk of their bids closer to the final day of an IPO's bidding window, so a low QIB (ex-anchor) subscription on Day 1 is a common pattern rather than a sign of weak institutional interest.

Should I subscribe to the ESDS Software Solution IPO on Day 2?

Ans. Whether to subscribe depends on individual risk tolerance, valuation assessment, and the live subscription trend. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.