ESDS Software Solution has gone from a fresh IPO listing to one of the market’s biggest breakout stories in just a handful of sessions. The AI and cloud infrastructure player has seen its shares skyrocket from the ₹429 IPO price to ₹1,675.15, delivering a jaw-dropping nearly 290% return to investors who secured an allotment.
The frenzy showed no signs of cooling on Friday, September 11, when the stock surged as much as 7.3% to hit ₹1,675.15 on the BSE, after opening at ₹1,565.25. That came after the counter had already slammed into its 10% upper circuit in each of the previous two sessions. Before that, the stock had spent two straight sessions locked in a 20% upper circuit, underscoring the extraordinary buying momentum surrounding the newly listed stock.
And the fireworks began almost immediately after its market debut. ESDS Software Solution was listed on the NSE at ₹757 on September 4, giving IPO investors an instant 76.46% listing premium over the ₹429 issue price. On the BSE, the stock opened at ₹746.30, representing a 73.96% premium to the IPO price.
Since then, the rally has accelerated at a remarkable pace. Investors who received shares in the IPO have seen their money more than triple in just five trading sessions. Even the listing-day performance was extraordinary: on Friday, September 4, ESDS shares had soared around 112%.
From an IPO priced at ₹429 to a market price of ₹1,675.15 within days, ESDS has delivered the kind of post-listing move that has put the stock firmly under the spotlight.