Should you invest in ESDS Software Solution? Here are the pros and cons
New Delhi, Sept. 11 -- ESDS Software Solution Ltd is in the news after the company made a strong debut on the stock exchanges on 4 September.
The shares listed at a 76.5% premium to the issue price of Rs.429 and closed 112% higher at Rs.908.4.
Today, the first day of trading after listing, the run-up continued with the stock locked in 20% upper circuit at Rs.1,090.05 at the time of writing.
The IPO of the company had received a very strong response. Before the IPO, ESDS raised Rs.216 crore from anchor investors.
The offering was subscribed an incredible 135.88 times overall - 41.68 times by retail, 202.87 times by non-institutional investors, and 274.97 times by qualified institutional buyers.
So, what does the future hold for the st...
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