This recently-listed cloud and data centre stock is up 200% in three days of listing

This recently-listed cloud and data centre stock is up 200% in three days of listing


A 112% pop on the day of its listing last Friday, followed by a 20% upper circuit on Monday and another 20% upper circuit on Tuesday, that has been the journey of the shares of recently-listed ESDS Software Solution, which have now more than tripled in value versus their issue price in just three days of being a public company.

Earlier in the day, as many as 19.58 lakh shares, or 1.66% of its equity, changed hands at an average price of ₹1,270 per share via block deals.

The stock is locked in the upper circuit for the third consecutive trading session on Tuesday, September 8.

The stock listed on the exchanges on Friday, September 4 at a premium of over 76%. It then gained 111% to hit an intraday high of ₹908.4 apiece.

It is now up 204.9% from its issue price of ₹429 apiece and is up 72.8% from its listing price of ₹757 per share.

Buyers and sellers in the block deal that took place today are not officially known yet.

The ₹720 crore IPO had opened for subscription on August 28 and closed on September 1. The issue was subscribed 135.88 times at its close. Investors bid for 1,67,85,21,146 equity shares against the 1,23,52,942 shares on offer.

Ahead of its IPO, the company raised ₹216 crore from anchor investors.ESDS Software Solution plans to use ₹576 crore of the IPO proceeds to buy and install cloud computing equipment as well as other infrastructure for its data centres. The remaining funds are for general corporate purposes.

ESDS Software Solution was incorporated in 2005. It provides cloud, managed services, software solution and data centre infrastructure. In the financial year 2026, it served over 2,500 customers across banking, insurance, financial services, public sector entities, businesses and enterprises.

Its total income increased 28% to ₹480.65 crore in FY26 from ₹376.64 crore in the year-ago period. Its profit after tax (PAT) more than doubled to ₹120.82 crore from ₹55.61 crore in FY25.

Shares of ESDS Software Solution were locked in a 20% upper circuit and were trading at their fresh all-time high of ₹1,308.05 apiece on Tuesday.

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