ESDS Software Solution IPO Details
| IPO Date | 28 Aug to 1 Sep 2026 |
|---|---|
| Listing Date | Friday, Sep 4, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹408 to ₹429 per share |
| Lot Size | 34 Shares |
| Issue Type | Book Building Issue |
| Sale Type | Fresh Issue |
| Listing At | BSE, NSE |
| Total Issue Size | 1,67,83,216 Shares, aggregating up to ₹720 Cr |
| Fresh Issue | 1,67,83,216 Shares, aggregating up to ₹720 Cr |
| Pre-Issue Shares | 10,04,27,753 Shares |
| Post-Issue Shares | 11,72,10,969 Shares |
| Market Cap at Upper Band | ₹5,028.35 Cr |
ESDS Software Solution IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Friday, Aug 28, 2026 |
| IPO Close | Tuesday, Sep 1, 2026 |
| Basis of Allotment | Wednesday, Sep 2, 2026 |
| Refunds Initiated | Thursday, Sep 3, 2026 |
| Credit of Shares to Demat | Thursday, Sep 3, 2026 |
| Listing | Friday, Sep 4, 2026 |
ESDS Software Solution IPO Lot Size
Investors can bid for a minimum of 34 shares and in multiples of the prescribed lot size. At the upper price band of ₹429 per share, one retail lot requires an investment of ₹14,586.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 34 | ₹14,586 |
| Retail Maximum | 13 | 442 | ₹1,89,618 |
| S-HNI Minimum | 14 | 476 | ₹2,04,204 |
| S-HNI Maximum | 68 | 2,312 | ₹9,91,848 |
| B-HNI Minimum | 69 | 2,346 | ₹10,06,434 |
ESDS Software Solution IPO Reservation
The ESDS Software Solution IPO has been reserved for Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors according to the issue’s stated reservation structure.
| Investor Category | Shares | Reservation |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 83,91,607 | 50.00% |
| Anchor Investors | 50,34,964 | 30.00% |
| QIB – Ex Anchor | 33,56,643 | 20.00% |
| Non-Institutional Investors (NII) | 25,17,483 | 15.00% |
| Retail Individual Investors | 58,74,126 | 35.00% |
| Total | 1,67,83,216 | 100% |
ESDS Software Solution IPO Investor Categories
| Category | Investment Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
ESDS Software Solution IPO Anchor Investors
ESDS Software Solution raised ₹216 crore from anchor investors ahead of the public issue. The anchor investor bidding date was 27 August 2026.
| Particular | Details |
|---|---|
| Anchor Bid Date | Thursday, Aug 27, 2026 |
| Shares Offered | 50,34,964 |
| Anchor Portion | ₹216 Cr |
| 50% Lock-in End Date | Friday, Oct 2, 2026 |
| Remaining 50% Lock-in End Date | Tuesday, Dec 1, 2026 |
About ESDS Software Solution Limited
ESDS Software Solution Limited, incorporated in August 2005, is an AI-enabled provider of cloud computing, managed services, data centre infrastructure and software solutions in India.
The company provides an end-to-end technology portfolio covering Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS). Its customer base spans the banking, financial services and insurance sector, government organisations and enterprises.
During Fiscal 2026, ESDS Software Solution served 2,501 customers and reported revenue from operations of approximately ₹472.21 crore.
Its IaaS portfolio includes colocation and data centre services, public and private cloud solutions, virtual private, hybrid and community cloud offerings, as well as GPU-as-a-Service (GPUaaS).
The company operates five Tier 3 data centres across India covering more than 75,266 square feet. These facilities are supported by redundant power systems, disaster recovery infrastructure and round-the-clock operations.
ESDS also provides managed services covering cloud and data centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps.
The company develops proprietary technology solutions including SWARAJ Cloud, its patented cloud autoscaling technology. The platform has been developed further with AI-enabled capabilities focusing on data sovereignty, scalability, security, compliance and artificial intelligence.
Its SaaS portfolio includes data centre management tools, vulnerability scanners, web access firewalls, VPN solutions and AI-powered GPU monitoring solutions.
As of June 30, 2026, ESDS Software Solution had 993 employees working across data centre operations, cloud infrastructure, security management, research and development, sales and service delivery.
ESDS Software Solution IPO Key Strengths
ESDS Software Solution IPO Financial Performance
ESDS Software Solution reported strong improvement in its financial performance during FY2026. Total income increased from ₹376.64 crore in FY2025 to ₹480.65 crore in FY2026, while profit after tax increased from ₹55.61 crore to ₹120.82 crore.
Based on the supplied financial figures, total income increased by approximately 28% and profit after tax increased by approximately 117% between FY2025 and FY2026.
| Particulars | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Assets | ₹1,937.90 Cr | ₹655.95 Cr | ₹547.71 Cr |
| Total Income | ₹480.65 Cr | ₹376.64 Cr | ₹292.14 Cr |
| Profit After Tax | ₹120.82 Cr | ₹55.61 Cr | ₹13.61 Cr |
| EBITDA | ₹234.23 Cr | ₹154.89 Cr | ₹101.88 Cr |
| Net Worth | ₹528.81 Cr | ₹405.55 Cr | ₹206.36 Cr |
| Reserves and Surplus | ₹533.62 Cr | ₹407.54 Cr | ₹216.62 Cr |
| Total Borrowings | ₹42.92 Cr | ₹62.71 Cr | ₹149.04 Cr |
Figures are in ₹ crore unless otherwise stated.
ESDS Software Solution IPO Key Performance Indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 25.12% | 17.27% |
| ROCE | 32.78% | 24.73% |
| Debt/Equity | 0.08 | 0.15 |
| RoNW | 22.85% | 13.71% |
| PAT Margin | 25.59% | 15.39% |
| EBITDA Margin | 49.60% | 42.86% |
| NAV | ₹52.66 | — |
| Price to Book Value | 8.15x | — |
ESDS Software Solution IPO Valuation
At the upper price band of ₹429 per share, ESDS Software Solution is expected to have a post-issue market capitalisation of approximately ₹5,028.35 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹12.03 | ₹10.31 |
| P/E | 35.66x | 41.61x |
| Market Capitalisation | ₹4,308 Cr | ₹5,028.35 Cr |
Based on the upper issue price and the post-issue EPS provided in the source information, the post-issue valuation works out to a P/E multiple of approximately 41.61x.
ESDS Software Solution IPO Objectives
The company proposes to utilise the net proceeds from the fresh issue primarily towards expanding its cloud computing and data centre infrastructure, along with general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Purchase and installation of cloud computing and other equipment and infrastructure for data centres | ₹576.00 Cr |
| 2 | General Corporate Purposes | Balance Amount |
| Total Identified Objects | ₹576.00 Cr | |
ESDS Software Solution Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 46.06% | 39.47% |
| Public | 53.94% | 60.53% |
| Total | 100% | 100% |
The promoters of ESDS Software Solution Limited are Piyush Prakashchandra Somani, Komal Piyush Somani and P.O. Somani Family Trust.
ESDS Software Solution IPO Subscription Status
On Day 1, August 28, 2026, the ESDS Software Solution IPO was subscribed 2.21 times. The retail category was subscribed 2.84 times, the NII category 3.70 times, while the QIB category was subscribed 0.01 times.
| Category | Subscription | Shares Offered | Shares Bid |
|---|---|---|---|
| QIB (Ex Anchor) | 0.01x | 33,56,643 | 34,884 |
| NII | 3.70x | 25,17,483 | 93,07,466 |
| bNII (> ₹10L) | 2.52x | 16,78,322 | 42,37,318 |
| sNII (< ₹10L) | 6.04x | 8,39,161 | 50,70,148 |
| Retail | 2.84x | 58,74,126 | 1,66,66,358 |
| Total | 2.21x | 1,17,48,252 | 2,60,08,708 |
Total Applications: 3,86,611
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ESDS Software Solution IPO Review
What Is ESDS Software Solution IPO GMP?
GMP stands for Grey Market Premium. It is an unofficial indicator used by some market participants to assess possible demand and market sentiment for an IPO before its shares begin trading on the stock exchanges.
The grey market operates outside the formal stock exchange mechanism. GMP can change frequently depending on investor demand, market sentiment and broader market conditions.
GMP is not an official price indicator and does not guarantee the actual listing price or listing gain. The final listing performance may differ significantly from grey-market expectations.
ESDS Software Solution IPO Registrar
MUFG Intime India Pvt. Ltd. is the registrar appointed for the ESDS Software Solution IPO. The registrar is responsible for processing IPO applications, maintaining allotment records, handling refunds and facilitating the credit of allotted shares into investors’ demat accounts.
Phone: 022-49186000
Email: esdssoftware.ipo@in.mpms.mufg.com
ESDS Software Solution IPO Lead Managers
| No. | Book Running Lead Manager |
|---|---|
| 1 | Dam Capital Advisors Ltd. |
| 2 | Systematix Corporate Services Ltd. |
ESDS Software Solution Limited Contact Details
Plot No. B-24 & 25,
NICE Area, MIDC,
Satpur,
Nashik, Maharashtra, 422007
Phone: +91 253 711 2244
Email: secretarial@esds.co.in
Website: esds.co.in
ESDS Software Solution IPO FAQs
When will ESDS Software Solution IPO open?
The ESDS Software Solution IPO is scheduled to open for subscription on August 28, 2026.
When will ESDS Software Solution IPO close?
The IPO subscription period is scheduled to close on September 1, 2026.
What is the ESDS Software Solution IPO price band?
The price band has been fixed at ₹408 to ₹429 per equity share.
What is ESDS Software Solution IPO lot size?
The minimum application size is 34 shares.
What is the minimum investment for ESDS Software Solution IPO?
At the upper price of ₹429 per share, one lot of 34 shares requires an investment of ₹14,586.
What is the total size of ESDS Software Solution IPO?
The IPO comprises ₹720 crore and consists entirely of a fresh issue of approximately 1.68 crore equity shares.
How many shares are offered in ESDS Software Solution IPO?
The total issue comprises 1,67,83,216 equity shares.
How much is the fresh issue in ESDS Software Solution IPO?
The fresh issue comprises 1,67,83,216 shares aggregating up to ₹720 crore.
What is the ESDS Software Solution IPO market cap?
At the upper price band of ₹429 per share, the expected post-issue market capitalisation is approximately ₹5,028.35 crore.
When will ESDS Software Solution IPO allotment be finalized?
The basis of allotment is expected to be finalized on September 2, 2026.
When will ESDS Software Solution shares be listed?
The tentative listing date is September 4, 2026 on both BSE and NSE.
Who is the registrar of ESDS Software Solution IPO?
MUFG Intime India Pvt. Ltd. is the registrar appointed for the ESDS Software Solution IPO.
Who are the lead managers of ESDS Software Solution IPO?
Dam Capital Advisors Ltd. and Systematix Corporate Services Ltd. are the book running lead managers for the issue.
What are the objectives of ESDS Software Solution IPO?
The company proposes to use a major portion of the IPO proceeds for the purchase and installation of cloud computing equipment and other infrastructure for its data centres. The remaining proceeds will be used for general corporate purposes.
What is the P/E ratio of ESDS Software Solution IPO?
Based on the provided valuation figures, the post-issue P/E ratio at the upper price band is approximately 41.61x.
What is ESDS Software Solution IPO GMP?
GMP means Grey Market Premium. It is an unofficial indicator of investor sentiment and possible listing expectations. GMP can change frequently and does not guarantee the actual listing price.
Where can I check ESDS Software Solution IPO GMP?
You can check the latest grey market premium updates on the ESDS Software Solution IPO GMP page on TradingMinds.
Disclaimer: This IPO article is intended only for general informational and educational purposes. It should not be treated as investment, financial or trading advice. IPO dates, issue details, price bands, allotment schedules, financial figures, subscription data and other information may change based on official announcements. Grey market premium figures are unofficial and can fluctuate substantially. Investors should carefully read the official IPO documents and evaluate the company’s business, financial position, valuation, growth prospects, competitive environment and associated risks before making any investment decision.
