ESDS Software Solutions IPO Opens With Strong GMP; Issue 0.40x Subscribed on Day 1 | Buy or Skip?

ESDS Software Solutions IPO: The initial public offering (IPO) of ESDS Software Solutions Limited opened for subscription on Friday, August 28, with a strong grey market premium (GMP) . The IPO was subscribed at nearly 0.40x till 10:30 am.

For those who are closely tracking the ESDS Software Solutions IPO, here are all the details about the same.

ESDS Software Solutions IPO Subscription Status On Day 1

ESDS Software Solutions IPO was subscribed around 0.4 times, as per Chittogarh.com data at 10:34 am on Friday. The IPO was subscribed around 0.54 times in the retail category and 0.6 times in the NII category. There was no subscription recorded in the QIB (ex-anchor) category so far.

ESDS Software Solutions IPO GMP Today

The IPO's grey market premium (GMP) today stood at Rs 330, as per investorgain.com data at 9:59 am. The IPO's estimated listing price is Rs 759 per share (which is the sum of the upper price band and the latest GMP). The expected percentage gain/loss per share is 76.92%.

ESDS Software Solutions IPO: Should You Bid?

The AI-enabled cloud, managed services, data centre infrastructure and software solutions provider is among a few players in India that provide the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India.

Given its strong growth outlook, large AI contract, and long-term growth opportunity, Kantilal Chhaganlal recommended investors to 'Subscribe' the issue for 'Long Term Horizon'.

"The strong growth outlook and large AI contract provide a compelling long-term opportunity, partly offsetting risks from customer concentration, competition and technology obsolescence. Hence, we recommend investors to 'Subscribe' in the issue for Long Term Horizon."

About ESDS Software Solutions

ESDS Software Solutions Limited is an AI-enabled cloud, managed services, data centre and infrastructure and software solutions provider in India. They are not t

They are one of the only two players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India

The company offers a comprehensive platform of cloud infrastructure and software solutions consisting of infrastructure as a service. Its services allows the company to provide well architected cloud adoption solutions to their customers aimed at reducing their cost while providing security, flexibility, scalability and reliability.

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