ESDS Software Solution IPO Allotment Expected Today with a GMP of 60%: Here’s How to Check Your Status!

The ESDS Software Solution IPO has garnered significant attention as the basis of allotment for the Rs 720-crore public issue is set to be finalised on September 2, 2026, ahead of the company’s much-anticipated stock-market debut on September 4. The IPO price band was fixed at Rs 408–Rs 429 per share, with substantial oversubscription across all investor categories. Retail investors participated actively, resulting in a 39.64 times subscription rate, while Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) subscribed 192.94 times and 261.51 times, respectively. This overwhelming demand reflects robust market confidence in the company’s prospects.

An intriguing aspect of the ESDS Software Solution IPO is the current grey market premium (GMP), which stands at approximately Rs 255 per share, indicating a 60% premium over the upper price band of Rs 429. If this trend holds, the stock is projected to list around Rs 684 per share, suggesting a potentially lucrative listing gain for successful allottees. The strong GMP further solidifies the overall positive sentiment surrounding the offering, accentuating investor eagerness for the listing date.

For Indian investors, the ESDS Software Solution IPO presents an exciting opportunity amidst a broader narrative of growth in the technology sector. With the IPO’s strong demand and promising financial performance—highlighted by a 117% year-on-year increase in profit after tax in FY26—there is a potential for substantial returns upon listing. However, investors should remain cautious and conduct thorough due diligence, as the grey market sentiment, while optimistic, is not a definitive predictor of future performance.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)