The ESDS Software Solution IPO is now entering its next important stage.
After receiving a strong response from investors during its three-day subscription period, the ₹720 crore IPO is expected to move into the allotment process today, September 2, 2026. Investors who applied for the issue are now waiting to find out whether they have received shares.
The IPO is scheduled to list on the stock exchanges on September 4, 2026, making the next two days particularly important for applicants tracking allotment and the latest GMP.
ESDS Software Solution IPO: Key Details
| Particular | Details |
|---|---|
| Company | ESDS Software Solution |
| IPO Type | Mainboard |
| IPO Size | ₹720 Crore |
| Price Band | ₹408 – ₹429 |
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Allotment Date | September 2, 2026 |
| Share Credit | September 3, 2026 |
| Listing Date | September 4, 2026 |
| Listing Exchanges | BSE & NSE |
| Issue Type | Fresh Issue |
The IPO consisted entirely of a fresh issue of approximately 1.68 crore equity shares. According to the IPO timetable, allotment is expected on September 2, followed by share credit and refunds on September 3 and listing on September 4.
ESDS Software Solution IPO Subscription
The IPO received strong demand during the subscription period.
By the end of Day 2, the issue had already been subscribed approximately 24.49 times, highlighting significant interest from investors. Earlier reports also showed particularly strong participation from retail and non-institutional investors.
By the final day, the IPO remained one of the closely watched Mainboard issues in the market.
High subscription levels can make allotment particularly difficult for retail investors because the number of applications can be significantly higher than the number of shares available.
ESDS IPO GMP Today
Grey Market Premium remains another major point of interest.
The latest market indications reported by various sources have shown a positive GMP for ESDS Software Solution, although the premium has moved during the IPO period. A recent report indicated a GMP of around 60%, compared with higher indications earlier in the subscription period.
GMP is unofficial and can change quickly.
Therefore, investors should not assume that the current grey-market premium will be the actual listing premium.
The final listing price will be determined by buying and selling activity on the stock exchanges after the shares begin trading.
What Does the GMP Indicate?
The IPO has a price band of ₹408–₹429 per share.
If, purely as an illustration, a GMP of ₹250 were to continue until listing, the implied grey-market price would be:
₹429 + ₹250 = ₹679
That would represent an unofficial premium of approximately 58% over the upper IPO price.
However, this is only an illustration based on GMP. The actual listing price can be significantly different.
For this reason, investors should treat GMP as a sentiment indicator rather than a guaranteed listing-price forecast.
How to Check ESDS IPO Allotment Status
Investors who applied for the ESDS Software Solution IPO can check their allotment status once the registrar publishes the final basis of allotment.
There are generally three ways to check:
1. Registrar Website
Visit the IPO registrar's website and select the ESDS Software Solution IPO.
Investors can usually enter their:
- PAN number
- Application number
- Demat account details
to check whether shares have been allotted.
2. NSE Website
Applicants can also check IPO application and allotment-related information through the NSE website when the relevant facility is available.
3. BSE Website
The BSE IPO application status facility can also be used to check the allotment status.
Investors should make sure they enter the correct PAN or application details while checking the result.
What Happens After Allotment?
The IPO process does not end with the allotment announcement.
The expected timeline is:
September 2: Basis of allotment
September 3: Refunds for unsuccessful applicants and credit of shares to successful applicants
September 4: Listing on BSE and NSE
Investors who do not receive an allotment should see the blocked application amount released according to the applicable process.
Successful applicants should see the allotted shares credited to their demat accounts before listing.
Why ESDS IPO Is Getting Attention
ESDS Software Solution operates in the technology and data-centre space, a segment that has attracted increasing attention as demand for digital infrastructure continues to grow.
The company plans to use IPO proceeds for purposes including data-centre infrastructure expansion, making the issue relevant to investors looking at India's growing digital infrastructure market.
However, investors should also examine the company's financial performance, valuation, competitive environment and risks before making a long-term investment decision.
A strong IPO listing does not automatically mean the stock will continue rising after listing.
Other IPOs Are Also Active Today
ESDS is not the only IPO investors are watching on September 2.
Deepa Jewellers IPO
The Deepa Jewellers IPO is currently in its second day of subscription.
The ₹459.72 crore Mainboard IPO has a price band of ₹168–₹177 per share and is scheduled to close on September 3.
On Day 2, reports indicated that subscription was approaching the 90% mark, while the grey market premium was around 25%.
Investors will be watching whether demand increases significantly on the final day.
Rays of Belief IPO
The Rays of Belief IPO is also in its second day.
The ₹125 crore IPO has a price band of ₹227–₹239 per share. The issue received around 1.18 times subscription on Day 1, with retail investors leading the initial demand. The reported GMP was around 16% on September 2.
The IPO will remain open until September 3.
Purple Style Labs IPO
Purple Style Labs is also reaching the final stage of its IPO bidding period.
The IPO is attracting comparatively cautious grey-market sentiment, with the latest reported GMP around 1%.
This provides an interesting contrast with ESDS Software Solution, where grey-market indications have been considerably stronger.
ESDS IPO vs Other Current IPOs
The current IPO market shows why investors should compare issues rather than focus on only one number.
| IPO | Price Band | Current Stage | GMP Trend |
|---|---|---|---|
| ESDS Software Solution | ₹408–₹429 | Allotment expected | Strong positive |
| Deepa Jewellers | ₹168–₹177 | Day 2 | Positive |
| Rays of Belief | ₹227–₹239 | Day 2 | Positive |
| Purple Style Labs | ₹546–₹575 | Final day | Around flat |
GMP figures are unofficial and can change during the day.
The comparison shows that investor sentiment can vary considerably between IPOs, even when they are launching during the same period.
What Should ESDS IPO Investors Do Now?
For investors who have already applied, the immediate priority is to check the allotment status.
If shares are allotted, investors can then decide whether they want to hold the stock after listing or consider their own investment strategy.
If no shares are allotted, the next step is simply to monitor the refund and demat-credit process.
For investors who did not apply, the listing on September 4 will provide an opportunity to see how the market values the company after it becomes publicly traded.
Final Takeaway
The ESDS Software Solution IPO allotment is expected today, September 2, 2026, following a strong subscription response.
The ₹720 crore IPO attracted significant investor demand, while the grey market continues to indicate positive sentiment ahead of its expected September 4 listing.
At the same time, Deepa Jewellers and Rays of Belief are currently open for subscription, making this another busy week for IPO investors.
The next major event for ESDS investors will be the allotment result, followed by share credit and the September 4 listing.
For the latest ESDS IPO GMP, allotment status, subscription figures, expected listing price and upcoming IPO updates, keep following GMP IPO Watch.
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