India's ESDS Software Solution surges in trading debut, hits $1.13 billion valuation
04/09/2026 07:00
BUZZ-India's ESDS Software Solution surges in trading debut, hits $1.13 billion valuation ** Shares of ESDS Software Solution ESDS.NS list at 757 rupees, 76.4% higher than issue price of 429 rupees
** Stock currently trading at 908.4 rupees, valuing company at 106.47 billion rupees ($1.13 billion)
** The company's $76.20 million IPO was subscribed 135.88 times
** IPO proceeds to be used to purchase and install cloud computing and other equipment and infrastructure for its data centres
** Strong debut marks one of biggest listing gains in India so far this year
** Earlier, Tempsens Instruments TEMS.NS more than doubled on listing, becoming best listing performer of the year
($1 = 94.4825 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)