ESDS Software IPO GMP ₹247 Today (17 Oct), Price Band, Subscription Status, Allotment Date

ESDS Software IPO Review & Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

ESDS Software is a mainboard issue raising ₹720 Cr, offered in a band of ₹408–₹429 per share. At the upper end that is 429 times the ₹1 face value, so ₹428 of every share subscribed is share premium rather than capital.

A retail application for ESDS Software needs one lot of 34 shares, which works out to ₹14,586 at the upper band of ₹429. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application. Retail applications are capped at ₹2,00,000, which here is 13 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 69 lots.

For ESDS Software, bidding runs 28-1 September, allotment is finalised on 2 Sep 2026, the shares list on 4 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 3 days before listing decides what the holding is worth.

The issue is reserved 50% to qualified institutional buyers, 15% to non-institutional investors, 35% to retail. A 35% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.

The book is 142.88x subscribed across all categories. That headline covers institutional, non-institutional and retail bids together, and allotment odds are decided within each category separately — an issue can be heavily subscribed overall while the retail portion is comfortable, or the other way round. An oversubscribed retail book is settled by a draw on single-lot applications, so more distinct PANs help where a bigger single bid does not.

MUFG Intime India Pvt. Ltd. is the registrar for this issue, which means the allotment status for ESDS Software is published on their portal from 2 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.

A grey market premium of ₹247 on the upper band of ₹429 implies a listing gain of roughly 57.6%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.

The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.