ESDS IPO Subscribed 8X On Day 2; NII Portion Booked 22X

by · Inc42

SUMMARY

  • ESDS Software Solution’s ₹720 Cr IPO was subscribed 8.08X by 10:51 IST on the second day of bidding
  • The demand, led by NIIs and retail investors, signalled strong investor appetite for ESDS’ homegrown cloud and AI infrastructure story, even as QIB participation remained muted
  • The NII portion was subscribed 22X, while the retail category was booked 6.72X. The QIB portion received bids for just 0.04X the shares reserved for it