ESDS Software Solution Limited has fixed its initial public offering (IPO) price band between ₹408 and ₹429 per equity share. The subscription for the IPO will open on August 28 and close on September 1, 2026. The allocation for anchor investors is scheduled for August 27, with shares expected to be listed on the BSE and NSE on September 4, according to livemint.com.
The IPO process began with the announcement of the price band, which sets the minimum and maximum price at which investors can bid for shares. Anchor investors, who are typically large institutional buyers, will receive their share allocation a day before the subscription opens. The public subscription window will last five days, allowing retail and institutional investors to participate. The company's shares will debut on India's two major stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
This IPO comes at a time when the Indian software solutions sector is witnessing increased investor interest, with several tech companies going public recently. ESDS Software Solution's price band positions it competitively within the mid-cap segment, offering investors an opportunity to invest in a growing software services firm. The listing on both BSE and NSE ensures broad market access, which could enhance liquidity and visibility for the company.
The IPO's anchor investor allocation on August 27 will provide an early indication of institutional demand. The public subscription period from August 28 to September 1 will determine the final pricing within the set band. The shares are slated for listing on September 4, marking a key milestone for ESDS Software Solution in its transition to a publicly traded company.