ESDS Software Stock Soars Fourfold to IPO Price in Six Trading Days amid Rally Post Listing

ESDS Software Solution has continued its outstanding performance after listing, as its stock price has moved nearly four times its IPO price in just six trading days. 

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The stock price of the cloud computing and AI infrastructure company gained up to 7.3% on Friday, September 11, and reached an intraday high of ₹1,675.15, starting from ₹1,565.25 on the BSE. The intraday high was nearly 290% above its IPO price of ₹429. 

This comes after a string of gains seen by the company ever since it listed on the stock market this month. ESDS had been hitting the upper circuit of 10% in the last two days, after staying locked in the upper circuit of 20% in two consecutive trading sessions. 

From ₹429 IPO Price to ₹1,675.15 

ESDS made its stock market debut on September 4 after fixing its IPO price at ₹429 per share. 

The shares listed at ₹757 on the NSE, a premium of 76.46% to the issue price. On the BSE, the stock opened at ₹746.30, representing a listing premium of 73.96%. 

The rally strengthened further during the debut session, with ESDS shares gaining around 112% by the end of the day. 

Since then, the stock has continued to move higher. From the ₹429 IPO price to Friday’s intraday level of ₹1,675.15, investors who received shares in the public offering have seen the value of their holdings rise nearly fourfold. 

Cloud, Data Centre and AI Businesses Draw Attention 

The sharp post-listing move has brought ESDS’s exposure to cloud computing, data centres and artificial intelligence infrastructure into focus. 

The company operates across cloud services, managed infrastructure and data-centre services. 

Brokerage Choice Equity Broking expects ESDS’s core operations, along with a gradual increase in revenue from its AI infrastructure business, to support growth over the coming years. 

Its estimates project revenue, EBITDA and profit after tax to grow at compound annual rates of 120.9%, 72.6% and 81.3%, respectively, between FY26 and FY29. 

These figures are brokerage forecasts rather than reported company performance. 

ESDS IPO Was Subscribed Nearly 136 Times 

Investor demand had been strong even before the stock’s market debut. 

The ESDS Software Solution 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 had set a price band of ₹408 to ₹429 per share. 

The ₹720-crore public offering consisted entirely of a fresh issue of equity shares, with no offer-for-sale component. 

Rally Extends Into Sixth Session 

The pace of ESDS’s post-listing rise has remained unusually strong across its first few sessions on the exchanges. 

After listing at a premium of more than 70% on September 4, the stock went on to hit consecutive 20% upper circuits, followed by two sessions at the 10% upper circuit. 

On September 11, the rally continued, with shares advancing another 7.3% intraday to ₹1,675.15. 

That puts the stock nearly 290% above its ₹429 IPO price within six sessions, keeping ESDS firmly in focus following one of the sharpest post-listing moves among recent market debuts.