ESDS Software Shares Jump 264% From IPO Price in Five Sessions, Hit 10% Upper Circuit

ESDS Software Solution has extended its remarkable run on the stock market, with shares climbing another 10% on Thursday, September 10. Just five trading sessions after making its debut, the stock has now risen around 264% from its IPO price. 

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The shares opened at ₹1,525 on Thursday before moving up to ₹1,560.35 on the BSE, where they hit the 10% upper circuit. 

The latest move follows a series of sharp gains since the company listed on September 4. ESDS had also hit its 10% upper circuit in the previous session, after touching the 20% upper circuit in each of the two sessions before that. 

For investors who received shares through the IPO, the rise has taken the value of their investment to more than three times the issue price in less than a week. 

From ₹429 IPO Price to Over ₹1,560 

ESDS had priced its IPO at the upper end of its ₹408-429 price band. 

When trading began on September 4, the stock listed at ₹757 on the NSE, giving it a 76.46% premium over the ₹429 issue price. On the BSE, shares opened at ₹746.30, a premium of 73.96%. 

The momentum continued through the listing session, with the stock ending the day around 112% above its IPO price. 

What followed was an unusually sharp run. Successive upper circuits pushed ESDS beyond ₹1,560 on Thursday, taking its gains from the issue price to around 264% in just five trading sessions. 

IPO Was Subscribed 135.88 Times 

Strong demand for ESDS shares was visible even before the company entered the secondary market. 

Its IPO opened for subscription on August 28 and closed on September 1. By the final day, the issue had been subscribed 135.88 times. 

The company raised up to ₹720 crore through the offering. The IPO consisted entirely of fresh equity shares, with no offer-for-sale component. 

What Does ESDS Software Do? 

ESDS Software Solution operates across cloud services, managed services, data centre infrastructure and software solutions, with artificial intelligence forming part of its broader technology offering. 

The company is one of two players in India offering an integrated suite covering GPU-as-a-Service, or GPUaaS, alongside cloud, managed services, data centre infrastructure and software solutions. 

Its customer base stretches across several industries. During FY26, ESDS served more than 2,500 customers, including banking, financial services and insurance companies, public-sector organisations and other enterprises. 

The company’s business positioning has drawn attention amid the wider interest around cloud, data centre and AI infrastructure. But the immediate story since listing has been the pace of the stock’s rise. 

From an IPO price of ₹429 to ₹1,560.35 within five trading sessions, ESDS has delivered gains of around 264%, with repeated upper circuits marking its first week as a listed company.