ESDS Software IPO Sees Strong Demand
ESDS Software Solution's initial public offering was heavily subscribed on its second day of bidding.
According to inc42.com, ESDS Software Solution’s initial public offering worth INR 720 crore was subscribed 18.34 times by the end of the second day of bidding. The demand was primarily driven by non-institutional investors and retail participants, highlighting investor interest in the company’s homegrown cloud and artificial intelligence infrastructure capabilities.
Data cited by inc42.com shows that the non-institutional investor portion was booked 51.16 times, while the retail category saw a subscription of 14.61 times. In contrast, qualified institutional buyer participation remained subdued, with that portion booked at 0.25 times by 17:00 IST on the second day.
Based on reporting by inc42.com.
