ESDS lists on NSE and BSE at a 76% premium after Rs 720 crore IPO
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ESDS Software Solution made its stock market debut after a Rs 720 crore IPO priced at Rs 429 per share, which drew bids of about 136 times the shares on offer. Shares opened at Rs 757 on NSE and then hit the upper circuit. The offer documents set aside most of the proceeds for cloud equipment at its Indian data centres.
Buyer takeawayA listed ESDS with fresh capital and public disclosure obligations gives sovereign cloud buyers more visibility into its finances and capacity build-out.
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