The wait is almost over for investors who applied for the ESDS Software Solution IPO.
Investors can now check whether they have received shares through the IPO registrar or the stock exchange websites.
The company is tentatively scheduled to make its stock market debut on September 4.
The IPO received an extremely strong response from investors, making the allotment an important update for those who applied.
ESDS IPO Gets Massive Investor Response
The ESDS Software Solution IPO was subscribed 142.88 times overall during the bidding period.
The retail investor portion was subscribed 41.68 times.
The IPO was a fresh issue of around 1.68 crore equity shares, with no offer-for-sale component.
The price band was fixed at Rs 408 to Rs 429 per share, while the lot size was 34 shares.
At the upper price of Rs 429, investors needed at least Rs 14,586 to apply for one lot.
The registrar for the IPO is MUFG Intime India Pvt. Ltd., while Dam Capital Advisors Ltd. is the book-running lead manager.
How to Check ESDS IPO Allotment Status Online
Investors can check their allotment status through the IPO registrar or the BSE/NSE websites.
Check Through the Registrar Website
Follow these steps:
Step 1: Visit the MUFG Intime India IPO website.
Step 2: Select ESDS Software Solution IPO from the list.
Step 3: Choose the details you want to use, such as your PAN, application number or DP/Client ID.
Step 4: Enter the required details and click on the search option.
Step 5: Your allotment status will appear on the screen.
If shares have been allotted, the number of shares credited to your application will also be displayed.
How to Check ESDS IPO Allotment Through BSE or NSE
Investors can also check the status through the stock exchange websites.
The process is simple:
Step 1: Visit the IPO allotment status section of the BSE or NSE website.
Step 2: Select Equity and choose ESDS Software Solution from the IPO list.
Step 3: Enter your application number or PAN details.
Step 4: Submit the information to view your allotment status.
If you do not receive an allotment, the application funds are expected to be unblocked or refunded on September 3.
Successful applicants are also expected to receive the allotted shares in their demat accounts by September 3.
ESDS IPO GMP Points to a Potential Premium Listing
The IPO’s grey market premium (GMP) has remained volatile ahead of the expected listing.
According to the figures provided, the ESDS Software Solution IPO GMP is around Rs 255.
Based on this GMP, the IPO could potentially list at around Rs 684, which would represent a premium of approximately 59.44% over the upper issue price of Rs 429.
However, GMP is unofficial and can change quickly. It should not be treated as a guarantee of the actual listing price.
ESDS Software Solution IPO Valuation
At the upper end of the IPO price band, ESDS Software Solution has a reported market capitalisation of approximately Rs 5,028.35 crore.
The company was founded in August 2005.
It provides cloud services, managed services and data centre infrastructure solutions.
Its customers include businesses and organisations across sectors such as banking, financial services and insurance (BFSI), government and enterprises.
What Happens Next for IPO Investors?
The immediate focus is on the allotment results.
Investors who receive shares will have to wait for the expected September 4 listing to see how the stock performs on the market.
Those who do not receive shares are expected to have their blocked funds released around September 3.
With the IPO receiving more than 142 times overall subscription, the allotment has been highly competitive.
Investors should check their status online and keep their application details ready.
