ESDS Software Solution Ltd is in the news after the company made a strong debut on the stock exchanges on 4 September.
The shares listed at a 76.5% premium to the issue price of ₹429 and closed 112% higher at ₹908.4.
Today, the first day of trading after listing, the run-up continued with the stock locked in 20% upper circuit at ₹1,090.05 at the time of writing.
The IPO of the company had received a very strong response. Before the IPO, ESDS raised ₹216 crore from anchor investors.
Let's discuss the pros and cons of investing in the stock of ESDS Software Solution.