ESDS Shares Hit Fresh High, Now Up 260%+ From IPO Price

September 10, 2026September 10, 2026

ESDS Software Solution shares touched a fresh high of ₹1,568.70 on Thursday, surging over 260% above their IPO price in just a week.

From there, the rally never really paused. The shares hit their upper circuit limit on multiple sessions right after listing, which is unusual even by the standards of a strong IPO debut.

This kind of demand didn’t come out of nowhere. Before listing, the ₹720 crore public issue had been subscribed more than 135 times overall.

Institutional investors alone bid for over 260 times their allotted portion, while retail investors subscribed close to 40 times their share.

That kind of oversubscription usually points to strong investor confidence even before a stock starts trading.

ESDS itself has stepped in to clarify the situation around the sharp price move. The company told stock exchanges it isn’t aware of any specific business reason behind the rally, and that there’s no pending corporate announcement that could explain it.

It added that the price and volume activity is broadly in line with what’s typically seen in a newly listed stock.

The Nashik based company works in cloud services, data centre infrastructure and AI enabled managed services, an area that has been drawing heavy investor interest lately.

With this latest move, ESDS has become one of the best performing IPOs of the year so far, comfortably ahead of most other new listings in 2026.

As of 14:43 pm on the NSE, ESDS shares were at ₹1,543.45, up 7.27% for the day, compared to a previous close of ₹1,438.85.

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