ESDS Software Solution share price: ESDS Software Solution shares hit a day’s high on Monday (Sep 7). On NSE, the stock touched Rs 1,090.05, up 20 per cent from the previous close of Rs 908.40.
ESDS Software Solution Debut
The stock made its market debut at Rs 757 on the NSE, marking a premium of 76.46 per cent over the issue price.
ESDS Software Solution stock upper circuit
Later, the shares surged 111.75 per cent and 108.75 per cent from the issue price to hit their upper circuit limits of Rs 908.40 and 895.55 apiece on the NSE and BSE, respectively.
The company’s market valuation stood at Rs 10,647.44 crore on the NSE and Rs 10,496.83 crore on the BSE.
The initial public offering of ESDS Software Solution was subscribed 135.88 times on the final day of bidding on Tuesday.
ESDS Software Solution, an AI-enabled cloud, managed services, data centre infrastructure and software solutions provider, had raised Rs 216 crore from anchor investors.
The IPO was entirely a fresh issue of equity shares aggregating up to Rs 720 crore and was offered in a price band of Rs 408-429 per share.
The company plans to utilise Rs 576 crore of the IPO proceeds to purchase and install cloud computing and other equipment and infrastructure for its data centres.
The remaining funds will be used for general corporate purposes
