ESDS IPO Subscribed 8X On Day 2, NII Portion Booked 22X

Enterprise cloud and AI company ESDS Software Solution’s IPO was subscribed more than eight times within the first two hours of bidding on Day 2, driven by strong demand from NIIs and retail investors. As of 10:51 IST, investors had placed bids for 9.99 Cr shares against the 1.24 Cr shares on offer, translating into an overall subscription of 8.08X, according to BSE data. NIIs led the demand, bidding for 5.82 Cr shares against the 26.47 Lakh shares reserved for them.