ESDS Software shares continued their sharp -listing rally on Monday, rising 20% to ₹1,090.50 and hitting a fresh high. The move followed a 20% upper circuit on the stock’s first trading day, taking its gain over 2 sessions to 44%.

The rise also pushed ESDS Software’s market capitalisation to ₹10,130 crore. The stock had closed at ₹908.40 on Friday before opening at ₹1,090.50 on Monday, where it immediately reached the upper circuit.

Strong debut on both exchanges

ESDS Software made its stock market debut on Friday at a substantial premium to its issue price. On NSE, the shares were listed at ₹757, compared with the issue’s upper price band of ₹429. On BSE, the stock began trading at ₹746.30, representing a gain of 73.96%.

The stock then gained 20% during its opening session and ended the day at ₹908.40. The further 20% rise on Monday extended the strong performance of the newly listed share.

IPO received heavy demand

The ESDS Software IPO was open for retail investors from 28 August to 1 September. Against an offer of 12.35 million shares, the issue received bids for 1.67 billion shares and was subscribed 135.88 times.

Demand was strongest among qualified institutional buyers, whose portion was subscribed 261.51 times. The non-institutional investor category was subscribed 192.94 times, while the retail portion received 39.64 times subscription. The IPO size was ₹720 crore.

Brokerage begins coverage

Continued buying in the recently listed stock has supported its rise after the debut. Another factor cited in the report is the bullish view from Choice Broking, which has started coverage of ESDS Software with a Buy rating.

The stock’s sharp move has come after its premium listing and consecutive upper circuits, placing it among the notable recent market debuts.

Conclusion

ESDS Software has risen 44% in 2 sessions after listing at a significant premium, supported by consecutive 20% upper circuits and a Buy rating from Choice Broking.

Frequently Asked Questions

Q. How much have ESDS Software shares gained in 2 days?

ESDS Software shares have risen 44% in 2 days.

Q. What was ESDS Software’s Monday closing level or high?

The shares reached ₹1,090.50 on Monday, a new high after hitting a 20% upper circuit.

Q. At what price did ESDS Software list on NSE?

The shares listed at ₹757 on NSE, against an upper price band of ₹429.

Q. How much was the ESDS Software IPO subscribed?

The IPO was subscribed 135.88 times overall.

Q. Which brokerage gave ESDS Software a Buy rating?

Choice Broking started coverage with a Buy rating.

Q. When was the ESDS Software IPO open for retail investors?

The issue was open from 28 August to 1 September.

Q. What was the size of the ESDS Software IPO?

The IPO size was ₹720 crore.