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Ashish Kacholia, Mukul Agrawal See Over 70x Returns from ESDS Software Solution Rally
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Moneycontrol•28-09-2026, 17:12
Ashish Kacholia, Mukul Agrawal See Over 70x Returns from ESDS Software Solution Rally
- •Veteran investors Ashish Kacholia and Mukul Agrawal have witnessed a significant surge in their ESDS Software Solution holdings after the company's market debut on September 4, 2026.
- •Ashish Kacholia's Rs 6.14 crore investment in ESDS Software Solution has escalated to approximately Rs 433 crore, yielding over 70 times returns.
- •Mukul Agrawal's 7% stake, valued at Rs 302 crore at IPO, has soared to around Rs 1,176 crore based on current market prices.
- •ESDS Software shares made a blockbuster debut, gaining around 240% from their IPO price of Rs 429.
- •The company's market capitalization surpassed Rs 20,000 crore, exceeding listed peers like Tata Elxsi, Firstsource, and KPIT Tech, following massive demand and 136 times subscription during its IPO.
Key Questions Answered
Veteran investors Ashish Kacholia and Mukul Agrawal have achieved over 70x returns on their investments following ESDS Software Solution's strong market debut on September 4, 2026. Kacholia's initial Rs 6.14 crore investment has grown to approximately Rs 433 crore, while Agrawal's stake value has risen to around Rs 1,176 crore.
The initial public offering (IPO) of ESDS Software Solution was valued at Rs 720 crore, featuring a price band set between Rs 408 and Rs 429 per share. The issue was offered entirely as a fresh issue of shares.
ESDS Software Solution made its market debut on the stock exchanges on September 4, 2026, following strong investor demand and a 136 times subscription during its bidding period.
