The ESDS Software Solution IPO entered its third and final day of bidding on Tuesday, September 1, continuing to attract strong interest from investors. The issue has also generated considerable buzz in the grey market, where its shares are commanding a premium of around 74%. The strong grey market premium (GMP) suggests that investors anticipate a potentially robust listing for the company’s shares.
On the second day of bidding, the IPO was subscribed 18.34 times overall, against the 1.23 crore shares on offer. Demand was particularly strong among retail investors, whose portion was subscribed 14.61 times, against the 61.76 lakh shares reserved for them.
