India, Aug. 31 -- Update | August 31, 17:00 IST

Enterprise cloud and AI company ESDS Software Solution's IPO was subscribed 18.34X by the end of the second day of bidding, driven by strong demand from NIIs and retail investors.

Investors placed bids for 22.65 Cr shares against the 1.24 Cr shares on offer, according to BSE data.

NIIs led the demand, bidding for 13.54 Cr shares against the 26.47 Lakh shares reserved for them, translating into a subscription of 51.16X.

Within the NII category, the portion reserved for investors bidding for more than Rs.10 Lakh was subscribed 49.68X. Meanwhile, the portion for investors bidding between Rs.2 Lakh and Rs.10 Lakh was booked 54.11X.

Retail investors placed bids for 9.02 Cr shares against the...