made a stellar debut on the bourses on Friday, with both stocks rallying to their respective upper circuit levels within seconds of listing.
ESDS Software Solution shares debuted at a 76.4 per cent premium on the NSE at ₹757, compared with the IPO price of ₹429. On the BSE, the stock listed at ₹746.30, a premium of 74 per cent.
ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions. The Company offers an end-to-end portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and enterprise segments. The Public issue was of ₹720 cr.
Congratulations to ESDS Software Solution Limited on getting listed on NSE today.
ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions. The Company offers an end-to-end portfolio comprising…— NSE India (@NSEIndia)
Within seconds of listing, ESDS Software Solution shares zoomed a further 20 per cent to their upper circuit of ₹895.55 on the BSE and ₹908.40 on the NSE.
Priority Jewels listed at a 12.6 per cent premium on the BSE at ₹225.20. On the NSE, the stock debuted at a 15 per cent premium at ₹200.
The stock subsequently zoomed to its upper circuit of ₹241.50 on the NSE and ₹236.45 on the BSE.
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said ESDS Software Solution’s listing at a 76 per cent premium surpassed the brokerage’s bullish expectations behind its “subscribe” rating. She said the company continues to have a favourable medium-to-long-term outlook, supported by demand for cloud computing, data-centre infrastructure, cybersecurity and digitalisation in India.
However, Nyati said some near-term profit-taking could emerge after the sharp listing-day gains, with existing allottees considering partial profit booking while maintaining a stop loss around ₹650–680 on the remaining holding. Investors without allotment may wait for a pullback towards ₹600–650 before evaluating a fresh entry, according to Swastika Investmart.
On Priority Jewels, Nyati said the listing was broadly in line with Swastika Investmart’s “neutral” rating. She said the brokerage continues to see limited scope for a compelling long-term value story unless return on net worth improves towards peer levels and customer concentration declines. With no clear re-rating trigger, near-term upside appears limited, she said. Swastika Investmart said allottees seeking listing gains may consider booking profits, while fresh accumulation is not recommended at this stage.
ESDS Software Solution IPO
The initial public offer of ESDS Software Solution received
The portion reserved for qualified institutional buyers (QIBs) was subscribed 261.51 times, while the quota for non-institutional investors received 192.94 times subscription. The retail investors’ category was subscribed 39.64 times.
The AI-enabled cloud, managed services, data centre infrastructure and software solutions provider raised ₹216 crore from anchor investors.
The IPO was entirely a fresh issue of equity shares aggregating up to ₹720 crore and had a price band of ₹408-429 per share.
ESDS plans to utilise ₹576 crore of the IPO proceeds to purchase and install cloud computing and other equipment and infrastructure for its data centres. The remaining funds will be used for general corporate purposes.
At the upper end of the IPO price band, the company’s market capitalisation stands at around ₹5,028 crore.
Priority Jewels IPO
The ₹91.50-crore initial share sale of Priority Jewels Ltd received
The category for non-institutional investors garnered 166.49 times subscription. The quota for retail investors was subscribed 106.76 times, while qualified institutional buyers (QIBs) received 39.87 times subscription.
Priority Jewels Ltd raised ₹27.5 crore from four anchor investors, including WhiteOak Capital and Sanshi Fund-I.
The price band for the offer was fixed at ₹190-200 per share.
The IPO comprised a fresh issue of up to 45.75 lakh equity shares, aggregating to ₹91.50 crore at the upper end of the price band.