ESDS Software stock triples

ESDS Software Solution’s shares extended their post-listing rally on Tuesday, September 8, hitting a third straight 20% upper circuit after debuting on Indian exchanges on September 4. Business Today reported the stock was up 201% from its ₹429 IPO price by Tuesday, after a strong listing and consecutive locked-limit sessions. The Nashik-based company had listed at ₹757 on the National Stock Exchange, a 76.46% premium to the issue price, and at ₹746.30 on the BSE, a 73.95% premium, according to exchange-linked market reports. The ₹720 crore initial public offering ran from August 28 to September 1. ### How fast did the stock move after listing? (businesstoday.in) September 4 was the first day of trading for ESDS Software Solution, and the stock closed its debut session after hitting the 20% upper circuit, according to market reports. By September 8, Business Today said the shares had hit the upper circuit for a third straight trading day. The issue price was ₹429 a share, and Business Today said Tuesday’s move left the stock up 201% from that level. (plindia.com) PL Capital said the company’s market capitalization stood at ₹8,747.45 crore at the BSE listing price on September 4. ### What did the listing itself look like? (ipogyani.com) September 3 exchange notices set up the listing of ESDS Software Solution on the main boards of the NSE and BSE. An NSE circular dated September 3 announced the listing of the company’s equity shares following the IPO. The company’s shares began trading on September 4 after an IPO that was priced in a band of ₹408 to ₹429 per share. (businesstoday.in) Zerodha’s IPO page said investors applied for a minimum of 34 shares, and the offer raised ₹720 crore. ### How strong was demand in the IPO? The IPO drew heavy demand before listing, with multiple market trackers reporting subscription above 135 times. (noticeblue.com) Financial Express reported the offer was subscribed 142.88 times, while other market summaries placed the total demand in a similar range. (zerodha.com) ESDS Software Solution describes itself in listing material as a cloud and data centre infrastructure provider. NSE archive material says the company was originally incorporated in August 2005 as ESDS Software Solution Private Limited. ### Where did the company come from and what business is it in? (financialexpress.com) NSE listing documents identify ESDS Software Solution as a company focused on cloud computing, data centre and managed services. Third-party market reports tied to the listing described it as an AI, cloud and infrastructure play, which helped drive investor attention around the debut. (plindia.com) The company was incorporated on August 18, 2005, according to NSE archive material. Its shares are listed on both the NSE and BSE main boards. ### What comes next for investors watching the stock? Zerodha’s IPO schedule lists October 1, 2026, as the end of the lock-in for 50% of anchor investors, and November 30, 2026, for the remaining anchor lock-in. (nsearchives.nseindia.com) Those dates are the next scheduled post-listing milestones in the IPO calendar. September 8 trading will determine whether ESDS Software Solution remains at the upper circuit into a fourth session, while exchange filings and daily market data on the NSE and BSE will show the next disclosed move in price and volume. (nsearchives.nseindia.com) (businesstoday.in) (zerodha.com)