ESDS Software Solution IPO Opens With 76% GMP
· Business · LiveMint, Economic Times
The ESDS Software Solution IPO opened for subscription on August 28 with a price band set between ₹408 and ₹429 per share. Grey market data indicates a premium of ₹325, suggesting a potential listing gain of approximately 76%. Brokerages have issued a positive long-term outlook for the company, citing its margin expansion and growth in cloud and AI contracts. The public issue is scheduled to close on September 1.
Why it matters
Investors are evaluating the company's strong growth prospects against risks like customer concentration and technology obsolescence before the issue closes.
Read the original report — LiveMint
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