New Delhi, Aug. 31 -- ESDS Software Solution IPO has entered its second day of bidding on Monday, 31 August. The mainboard IPO, which opened for subscription on Friday, has received strong response from investors by receiving 2.10 times subscription on the first day.

The ESDS Software Solution IPO has set a price band of Rs.408- Rs.429 per share for its Rs.720-crore initial public offering. The mainboard IPO will close on Tuesday, 1 September.

ESDS Software Solution IPO GMP today, or grey market premium, stands at Rs.335. Based on the upper end of the IPO price band and the prevailing grey market premium, the estimated listing price is Rs.764 per share, implying a 78.09% premium over the IPO price of Rs.429.

The grey market trends over...