ESDS Software IPO GMP Today, Subscription & Allotment Status
The ESDS Software IPO GMP today is ₹270 as of September 1, 2026. Against the upper price band of ₹429, the latest grey market premium indicates an estimated listing price of ₹699 per share and a potential listing premium of 62.94%. The ESDS Software Solution IPO is on its final day of bidding on September 1, 2026. Investors are closely tracking the ESDS Software IPO GMP today, latest subscription status, expected listing price and allotment date as the ₹720 crore public issue approaches its closing.
ESDS Software IPO GMP Today
The ESDS Software IPO GMP today is ₹270 as of 10:30 AM on September 1, 2026. At the upper IPO price of ₹429, the latest GMP indicates an estimated listing price of ₹699 per share.
The ESDS Software IPO GMP has moderated on September 1 after remaining substantially higher during the previous sessions. On August 31, the GMP was reported in a range of ₹319–₹335, implying estimated listing prices between ₹748 and ₹764 per share. At the latest GMP of ₹270, the estimated listing price is ₹699 per share, while the potential profit for one 34-share retail lot is approximately ₹9,180. The decline from the recent peak of ₹335 shows that GMP can fluctuate sharply during the final stages of an IPO.
Note: GMP is an unofficial and unregulated indicator and should not be treated as a guaranteed listing gain.
ESDS Software IPO GMP Trend
The ESDS Software IPO GMP showed strong momentum during the subscription period but has declined on the final day of bidding. After reaching ₹355 on August 28 and August 29, the premium moderated to ₹330 on August 30 and was reported in a range of ₹319–₹335 on August 31.
As of September 1, the GMP stands at ₹270, implying an estimated listing price of ₹699. Despite the decline from recent peak levels, the grey market premium remains significant, indicating continued market interest ahead of the September 4 listing. However, investors should not treat GMP as a confirmed indication of the actual listing price.
ESDS Software IPO Subscription Status Day 3
The ESDS Software IPO subscription status has accelerated sharply on the third and final day of bidding. As of 11:30 AM on September 1, 2026, the public issue was subscribed 33.61 times overall.
The latest intraday data shows exceptional demand from non-institutional and retail investors. The NII category has been subscribed 98.10 times, while the retail portion has received 24.69 times subscription. QIB participation stood at 0.86 times at the reported stage of bidding.
The ESDS Software IPO is scheduled to close on September 1, and the final official subscription figures may differ from this intraday update.
ESDS Software IPO Listing Price
Based on the latest GMP of ₹270, the estimated listing price for ESDS Software is ₹699 per share against the upper IPO price of ₹429.
At the latest GMP of ₹270, the implied listing price is ₹699 per share. For a 34-share retail lot, this translates into an indicative listing gain of approximately ₹9,180. The ESDS Software IPO GMP was higher in previous sessions, reaching ₹335 on August 31 and implying an estimated listing price of ₹764. However, the current September 1 GMP suggests that grey market expectations have moderated ahead of the listing.
Note: These are grey-market-based estimates and should not be considered confirmed listing prices.
ESDS Software IPO Subscription Trend
The ESDS Software IPO witnessed strong acceleration in demand during the three-day bidding period.
The subscription trend shows a sharp rise in investor demand between the first and third days of bidding. Retail subscription increased from 2.65 times on Day 1 to 23.64 times on the final day, while both small and big HNI segments crossed 90 times subscription.
The total subscription in the finalised day-by-day data reached 31.99 times, while live intraday bidding portals reported the issue crossing 33 times overall during the final hours of subscription.
ESDS Software IPO Details
The ₹720 crore issue consists entirely of a fresh issue, with ₹576 crore earmarked for cloud computing infrastructure and equipment for data-centre operations. The 34-share lot requires a minimum investment of ₹14,586 at the upper price band.
ESDS Software IPO Important Dates
The ESDS Software IPO is closing for subscription on September 1, 2026. The basis of allotment is scheduled to be finalised on September 2, followed by the initiation of refunds or ASBA unblocking and credit of shares to successful applicants' Demat accounts on September 3.
The ESDS Software IPO is scheduled to list on BSE and NSE on September 4, 2026. Investors awaiting allotment should track the final subscription figures and check the allotment status after the basis of allotment is finalised on September 2.
ESDS Software IPO Price Band & Lot Size
The ESDS Software IPO price band has been fixed at ₹408–₹429 per share, with a market lot of 34 shares. At the upper price band, one retail lot requires a minimum investment of ₹14,586.
At ₹429 per share, ESDS is valued at a post-IPO P/E of around 41.61x. The current GMP of up to ₹365 indicates that the grey market is assigning a significantly higher implied value ahead of the issue, but investors should distinguish between unofficial GMP expectations and the company's fundamental valuation.
ESDS Software IPO Allotment Date & Status
The ESDS Software IPO allotment date is September 2, 2026. The basis of allotment is expected to be finalised on Wednesday, September 2, after which investors can check the ESDS Software IPO allotment status online.
Refund initiation or ASBA unblocking and Demat credit are scheduled for September 3, while the shares are expected to list on BSE and NSE on September 4, 2026. Investors should keep their PAN, application number or DP/Client ID ready to check their allotment status once the allotment process is completed.
ESDS Software IPO: Objects of the Issue
The ₹720 crore fresh issue will primarily support the company's expansion plans, including:
- Cloud infrastructure
- Data-centre facilities
- Servers and related equipment
- AI/GPU infrastructure
- Other general corporate requirements as specified in the issue documents
Around 80% of the IPO proceeds are expected to be directed toward capital expenditure.
This makes the IPO closely linked to ESDS's expansion strategy rather than being primarily a balance-sheet repair exercise. The success of the issue therefore depends significantly on how efficiently the company converts this new infrastructure into revenue and earnings.
ESDS Software IPO Valuation
At the upper price band of ₹429, ESDS commands a post-IPO P/E of approximately 41.61x.
With the GMP now reaching ₹365, the unofficial market indication is substantially above the IPO's ₹429 upper price band. This makes the distinction between the company's fundamental valuation of around 41.61x P/E and its GMP-implied listing expectation particularly important for investors assessing the issue.
ESDS Software IPO Allotment Status: How to Check
Investors can check the ESDS Software IPO allotment status online after the basis of allotment is finalised on September 2, 2026. The allotment can be checked through the following official platforms:
1. MUFG Intime India IPO Allotment Status
MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, is the registrar for the ESDS Software IPO.
- Visit the official MUFG Intime India IPO allotment status portal.
- Select ESDS Software Solution from the company list once the allotment status becomes available.
- Choose PAN, Application Number or DP/Client ID as the search method.
- Enter the required details accurately.
- Click Submit or Search to check your ESDS Software IPO allotment status.
2. BSE IPO Allotment Status
Investors can also check the ESDS Software IPO allotment status through the BSE IPO application status page.
- Select Equity as the issue type.
- Choose ESDS Software from the available list.
- Enter your PAN or Application Number.
- Submit the details to check the application status.
3. NSE IPO Status
Applicants can also visit the NSE upcoming issues section, log in using their investor credentials and check the application status using the relevant details after the IPO allotment process is completed.
The ESDS Software IPO allotment status will become available after the basis of allotment is finalised on September 2, 2026.
ESDS Software IPO Review: Should You Apply?
ESDS Software combines cloud infrastructure, managed services, SaaS and AI-focused computing, giving it a broader technology infrastructure profile than a conventional software company. In FY26, 89.04% of customers used all three service categories, indicating strong cross-utilisation of its integrated platform.
The latest brokerage views remain broadly positive. INDmoney highlights strong profitability, low debt and customer retention but flags customer concentration, cash collection cycles and cybersecurity risks. Kantilal Chhaganlal Securities, Swastika Investmart and Beacon Capital Advisors have also maintained favourable views, while highlighting execution and valuation considerations.
Religare, Swastika Investmart and SBI Securities have expressed positive views on the issue, while Sushil Finance has taken a more cautious stance because of valuation and execution-related considerations. The overall case therefore depends on whether ESDS can successfully convert its AI/GPU pipeline and planned data-centre expansion into sustained earnings growth. (Source: Mint)
At the upper price band, the IPO's 41.61x P/E means future growth expectations are already significant. The strong GMP and Day 1 subscription response add to market interest, but investors should assess whether ESDS can execute its AI, cloud and data-centre expansion successfully.
ESDS Software IPO GMP Today, Subscription & Allotment: Final View
The ESDS Software IPO GMP today is ₹270 as of September 1, 2026, indicating an estimated listing price of ₹699 per share and a potential listing premium of 62.94% over the upper IPO price of ₹429. The GMP has moderated from recent higher levels, including the ₹319–₹335 range reported on August 31. The ESDS Software IPO has also witnessed strong demand on its final day of bidding. The latest 11:30 AM intraday update showed overall subscription of 33.61 times, with NII demand at 98.10 times and retail demand at 24.69 times. The finalized day-by-day subscription data separately records total subscription of 31.99 times, while live intraday figures crossed 33 times during the final hours. The ESDS Software IPO allotment date is September 2, 2026. Refund initiation or ASBA unblocking and Demat credit are scheduled for September 3, followed by the expected listing on BSE and NSE on September 4.
Investors should track the ESDS Software IPO GMP, subscription status and allotment date as the issue remains open until September 1. Consider the available financial information and consult qualified experts before making an investment decision. For more IPO-related information, visit Swastika Investmart.
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