ESDS Software Solutions Hits Upper Circuit on Debut
The company’s shares listed with a substantial premium after its IPO.
TLDR
Business Today reported that ESDS Software Solutions shares jumped 75% on debut and hit the upper circuit limit. The company sold shares in the Rs 408-429 price band for a minimum of 34 shares and multiples. It raised Rs 720 crore in the offer that ran from August 28 to September 01. The article states the listing gain made the stock a multibagger from the first day of trading.
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