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ESDS Software Solution IPO Day 3: GMP indicates 74% premium; issue subscribed 18.34x. Should you bid?
Economic Times — Markets✓
Original Reporting
AI EXECUTIVE SUMMARY
ESDS Software Solutions IPO entered its final bidding day on September 1, with the issue subscribed 18.34 times by Day 2. Retail investors subscribed 14.61 times, while the IPO’s grey market premium stood at around 74%, signalling expectations of a strong listing. The Rs 720-crore issue, priced at Rs 408–429 per share, comprises entirely a fresh issue of 1.68 crore shares.
ESDS Software Solutions IPO entered its final bidding day on September 1, with the issue subscribed 18.34 times by Day 2. Retail investors subscribed 14.61 times, while the IPO’s grey market premium stood at around 74%, signalling expectations of a strong listing. The Rs 720-crore issue, priced at Rs 408–429 per share, comprises entirely a fresh issue of 1.68 crore shares.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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