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ESDS Software IPO Allotment Finalized: Check Status, Odds, GMP & Listing Date

· · 3 min read

The ESDS Software Solution IPO allotment basis has been finalized today, September 2. Investors can now check their share status via registrar MUFG Intime, NSE, or BSE, with refunds processed tomorrow. Shares are set to list on September 4.

The eagerly anticipated basis of allotment for ESDS Software Solution's Initial Public Offering (IPO) has been finalized on Wednesday, September 2. Investors who participated in the issue, which saw robust demand, can now verify the status of their applications. Those who secure an allotment will have shares credited, while others will see their mandate revoked on the same day.

ESDS Software IPO Subscription Details

The ESDS Software Solution IPO was open for subscription between August 28 and September 1, with a price band set at Rs 408-429 per equity share. The company successfully raised Rs 720 crore through the offering. The IPO garnered an impressive overall subscription of 135.88 times, attracting over 63.01 lakh applications and bids worth approximately Rs 72,000 crore.

  • Qualified Institutional Buyers (QIBs): Subscribed 261.51 times
  • Non-Institutional Investors (NIIs): Subscribed 192.95 times
  • Retail Investors: Subscribed 39.64 times

Allotment Odds for ESDS Software IPO

Based on the strong bidding, the probability of allotment for different investor categories was:

  • Big HNI (bNII): Approximately 2.30% (2 out of 87 investors received 476 shares)
  • Small HNI (sNII): Approximately 0.62% (1 out of 160 investors received 476 shares)
  • Retail Category: Approximately 3.03% (1 out of 33 investors received 34 shares)

How to Check ESDS Software IPO Allotment Status

Applicants can check their ESDS Software IPO allotment status through three primary channels:

1. Via the Registrar's Website (MUFG Intime)

  1. Visit the official web portal of MUFG Intime India Limited.
  2. Select the ESDS Software Solution IPO from the dropdown menu (it will appear once allotment is finalized).
  3. Choose one of three modes: Application number, Demat Account number, or PAN ID.
  4. Select your application type (ASBA or non-ASBA).
  5. Enter the required details for your chosen mode.
  6. Complete the security captcha.
  7. Click 'Submit' to view your status.

2. Via the NSE Website

  1. Go to NSE's IPO allotment page.
  2. Select ‘Equity & SME IPO Bid details’.
  3. Under ‘Select Symbol’, choose ‘ESDS’.
  4. Enter your PAN No. and Application No.
  5. Click ‘Submit’ to proceed.

3. Via the BSE Website

  1. Visit BSE's IPO allotment page.
  2. Under 'Issue Type', click 'Equity'.
  3. Under 'Issue Name', select 'ESDS Software Solution Limited'.
  4. Enter your application number.
  5. Add your PAN card ID.
  6. Click 'I am not a Robot' and then 'Search'.

Grey Market Premium (GMP) and Listing Date

Despite the overwhelming subscription, the Grey Market Premium (GMP) for ESDS Software Solution IPO has seen a notable drop. The last reported GMP was around Rs 275-280 per share, indicating an expected upside of approximately 65-66 percent for investors. This is down from the Rs 335-375 range observed during the bidding period.

Refunds for unsuccessful bidders are scheduled to be processed on Thursday, September 3. The shares of ESDS Software Solution are slated for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Friday, September 4.

DAM Capital Advisors Ltd and Systematix Corporate Services served as the book-running lead managers for the IPO, with MUFG India Intime acting as the official registrar.

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