ESDS Software Solution IPO Day 2: Issue subscribed 2.10x so far. GMP signals 78% listing pop. Should you apply?

Funding Rounds

▤ Summary

ESDS Software Solution is in the middle of its IPO bidding, and demand has already reached 2.10 times the issue size. The company set a price band of Rs.408 to Rs.429 per share and plans to raise Rs.720 crore through a fresh issue. It will use most of the proceeds to buy and deploy cloud computing equipment and infrastructure for its data center business. ESDS provides cloud, managed services, data center infrastructure, and software solutions, and it also offers GPU-as-a-Service. Analysts cited strong growth potential but noted valuation, customer concentration, and competition risks.

$ Funding

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Amount $97.3M Total raised
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Date August 31, 2020 Announcement date
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Investors - Lead investors
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Company esds.co.in Funded company

◇ AskAI Classifications

Sectors
No sectors detected
Functions
Developer and IT Infrastructure Security Infrastructure Management

▦ Linked Companies