Updated · GMP, subscription and listing data refresh through the day.
Market capitalisation is the post-issue share count in the offer document’s capital structure (11,72,10,969 shares) multiplied by the upper end of the price band, ₹429. It is arithmetic on those two filed figures, not a valuation.
| ₹ crore | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | ₹286.52 | — | ₹472.21 |
| Expenses | — | — | — |
| Net profit (PAT) | ₹13.61 | ₹55.61 | ₹120.82 |
| PAT margin | 4.8% | — | 25.6% |
| Total assets | ₹547.71 | ₹655.95 | ₹1,937.9 |
The founding owners and their group entities.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
| # | Anchor investor | Shares | % of book | ₹ Cr |
|---|---|---|---|---|
| 1 | MOTILAL OSWAL DIGITAL INDIA FUND | 10,25,644 | 20.37% | 44.00 |
| 2 | BANDHAN FOCUSED FUND | 6,52,698 | 12.96% | 28.00 |
| 3 | QUANT MUTUAL FUND - QSIF HYBRID LONG- SHORT FUND | 5,59,436 | 11.11% | 24.00 |
| 4 | QUANT MUTUAL FUND - QSIF ACTIVE ASSET | 5,59,436 | 11.11% | 24.00 |
| 5 | BANDHAN SMALL CAP FUND | 4,66,174 | 9.26% | 20.00 |
| 6 | MERU INVESTMENT FUND PCC - CELL 1 | 2,33,104 | 4.63% | 10.00 |
| 7 | SANSHI FUND-I | 2,33,070 | 4.63% | 10.00 |
| 8 | ITI LARGE & MID CAP FUND | 2,09,780 | 4.17% | 9.00 |
| 9 | JM FINANCIAL MUTUAL FUND - JM FLEXI CAP FUND | 1,86,490 | 3.7% | 8.00 |
| 10 | COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND | 1,39,808 | 2.78% | 6.00 |
| 11 | BAJAJ GENERAL INSURANCE LIMITED (POLICYHOLDER FUND) | 1,30,543 | 2.59% | 5.60 |
| 12 | CP CAPITAL LIMITED | 1,16,660 | 2.32% | 5.00 |
| 13 | ITI LARGE CAP FUND | 1,16,552 | 2.31% | 5.00 |
| 14 | SAMCO SMALL CAP FUND | 1,16,552 | 2.31% | 5.00 |
| 15 | MOTILAL OSWAL CONTRA FUND | 93,228 | 1.85% | 4.00 |
| 16 | BAJAJ GENERAL INSURANCE LIMITED (SHAREHOLDER FUND) | 55,947 | 1.11% | 2.40 |
| 17 | ITI BALANCED ADVANTAGE FUND | 46,614 | 0.93% | 2.00 |
| 18 | ITI BHARAT CONSUMPTION FUND | 46,614 | 0.93% | 2.00 |
| 19 | ITI BUSINESS CYCLE FUND | 46,614 | 0.93% | 2.00 |
Ranked by size of allocation; every anchor in an issue pays the same price, so the ranking is the same whether read in shares, rupees or share of the book. Anchor investors are allotted shares one day before the issue opens, at a price fixed on that day, and are locked in afterwards (30 days for half the allocation, 90 days for the rest). Read straight from the company’s own Anchor Allocation intimation letter filed with the exchanges — names appear exactly as printed there. Percentages are the filer’s own and total the anchor portion, not the whole issue. View the filed letter
| Application | Shares | Amount at ₹429 |
|---|---|---|
| Retail (min)1 lot | 34 | ₹14,586 |
| Retail (max)13 lots | 442 | ₹1,89,618 |
| sHNI (min)14 lots | 476 | ₹2,04,204 |
| bHNI (min)69 lots | 2,346 | ₹10,06,434 |
One lot is 34 shares, so a single application at the ₹429 cut-off costs ₹14,586. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For ESDS Software Solution Limited, the registrar is MUFG Intime India Private Limited (formerly Link Intime India Private Limited) — allotment is finalised in the days between the issue closing on 01 Sept 2026 and listing on 04 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.
The ESDS Software Solution Limited shares are scheduled to list on 4 September 2026 on NSE. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.
ESDS Software Solution Limited listed at ₹757, a gain of 76.5% on the ₹429 issue price.
On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹245 on a ₹429 upper band means the grey market is dealing at ₹674.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.