India, Aug. 28 -- Update | August 28, 18:00 IST

ESDS Software Solution's IPO was subscribed 2.1X on the first day of bidding, receiving bids for 2.60 Cr shares against 1.24 Cr shares on offer.

NIIs led the demand, bidding for 93.03 Lakh shares against the 26.47 Lakh shares reserved for them, translating into a 3.51X subscription.

Retail investors bid for 1.66 Cr shares against their reserved portion of 61.76 Lakh shares, resulting in a 2.69X subscription.

QIBs, meanwhile, showed muted interest on the first day. The category received bids for 34,884 shares against 35.29 Lakh shares reserved for it, translating into a 0.01X subscription.

Original | August 28, 12:30 IST

Enterprise cloud and AI company ESDS Software Solution's IPO was f...