ESDS Software Solution
Price band ₹408–429 · Issue ₹720.00 Cr
Market attention score 46.6 (how ranked)
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Capital required
Approximate retail outlay for ESDS Software Solution at the issue price band (lot × lots).
Est. capital
₹13,872 – ₹14,586
Lot size 34 · up to ₹429/share
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Opens
28 Aug 2026
Closes
1 Sept 2026
Allotment
2 Sept 2026
Listing
4 Sept 2026
Lot size
34
GMP
+58.28%
At a glance
IPO Open Fri, Aug 28, 2026 IPO Close Tue, Sep 1, 2026 Price Band ₹408 to ₹429 Market Cap * ₹5,028.35 Cr * on Upper Price IPO Details IPO Date 28 Aug to 1 Sep, 2026 Listing Date Fri, Sep 4, 2026 T Face Value ₹ 1 per share Price Band ₹408 to ₹429 Lot Size 34 Shares Sale Type Fresh capital only Issue Type Bookbuilding IPO Listing At BSE, NSE Total Issue Size 1,67,83,216 shares (agg. up to ₹ 720 Cr) Fresh Issue 1,67,83,216 shares (agg. up to ₹ 720 Cr) Share Holding Pre Issue 10,04,27,753 shares Share Holding Post Issue 11,72,10,969 shares IPO Timetable (Tentative) IPO Open Fri, Aug 28, 2026 IPO Close Tue, Sep 1, 2026 Allotment Wed, Sep 2, 2026 Refund Thu, Sep 3, 2026 Credit of Shares Thu, Sep 3, 2026 Listing Fri, Sep 4, 2026 IPOs Timetable Issue Reservation Investor Category Shares QIB Not more than 50% of the Offer Retail Not less than 35% of the Net Issue NII Not more than 15% of the Issue or the Issue IPO Lot Size Investors can bid for a minimum of 34 shares and in multiples thereof. Application Lots Shares Amount Retail (Min) 1 34 ₹14,586 Retail (Max) 13 442 ₹1,89,618 S-HNI (Min) 14 476 ₹2,04,204 S-HNI (Max) 68 2,312 ₹9,91,848 B-HNI (Min) 69 2,346 ₹10,06,434 IPO Subscription Details About ESDS Software Solution Ltd. Updated on Aug 25, 2026 Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. The Company offers an end-to-end portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and enterprise segments. In Fiscal 2026, the Company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
The Company's IaaS portfolio includes colocation and Data Centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-Service (GPUaaS). It operates five Tier 3 Data Centres across India, covering over 75,266 sq. ft., supported by redundant power, disaster recovery infrastructure and 24/7 services. Its managed services include cloud and Data Centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps services.
Overview
ESDS Software Solution IPO is a book build issue of ₹720.00 crores. The issue is entirely a fresh issue of 1.68 crore shares of ₹720.00 crore.
ESDS Software Solution IPO opens for subscription on Aug 28, 2026 and closes on Sep 1, 2026. The allotment for the ESDS Software Solution IPO is expected to be finalized on Sep 2, 2026. ESDS Software Solution IPO will list on NSE and BSE with a tentative listing date fixed as Sep 4, 2026.
ESDS Software Solution IPO is set issue price band at ₹408 to ₹429 per share. The lot size for an application is 34 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,586 (34 shares) (based on upper price).
Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to ESDS Software Solution IPO RHP for detailed Information.
Issue details
IPO Date
28 Aug to 1 Sep, 2026
Listing Date
Fri, Sep 4, 2026T
Face Value
₹1 per share
Price Band
₹408 to ₹429
Lot Size
34 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,586 |
| Retail (Max) | 13 | 442 | ₹1,89,618 |
| S-HNI (Min) | 14 | 476 | ₹2,04,204 |
| S-HNI (Max) | 68 | 2,312 | ₹9,91,848 |
| B-HNI (Min) | 69 | 2,346 | ₹10,06,434 |
Issue reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Net Issue |
| NII | Not more than 15% of the Issue or the Issue |
About the company
Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. The Company offers an end-to-end portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and enterprise segments. In Fiscal 2026, the Company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
The Company's IaaS portfolio includes colocation and Data Centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-Service (GPUaaS). It operates five Tier 3 Data Centres across India, covering over 75,266 sq. ft., supported by redundant power, disaster recovery infrastructure and 24/7 services. Its managed services include cloud and Data Centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps services.
The Company also develops proprietary technology solutions, including SWARAJ Cloud, its patented cloud autoscaling technology, which has been further developed into an AI-enabled cloud platform focused on data sovereignty, scalability, security, compliance and AI capabilities. Its SaaS portfolio includes Data Centre management tools, vulnerability scanners, web access firewalls, VPN solutions and AI-powered GPU monitoring solutions.
The Company's operations are supported by 993 employees as of June 30, 2026, across Data Centre operations, cloud infrastructure, security management, R&D, sales, service delivery and other functions.
- Leading Position in Cloud, Managed Services and Data Centre Solutions.
- Comprehensive Security-as-a-Service (SECaaS) Framework.
- Long-term Relationships with Banks and Enterprises.
- Strong Government Partnerships and Policy Advocacy.
- AI-driven Innovations and Patented Technology.
- Transparent and Flexible Customised Billing System.
- Experienced Directors, KMPs and Senior Management.
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,937.90 | 655.95 | 547.71 |
| Total Income | 480.65 | 376.64 | 292.14 |
| Profit After Tax | 120.82 | 55.61 | 13.61 |
| EBITDA | 234.23 | 154.89 | 101.88 |
| NET Worth | 528.81 | 405.55 | 206.36 |
| Reserves and Surplus | 533.62 | 407.54 | 216.62 |
| Total Borrowing | 42.92 | 62.71 | 149.04 |
Amounts in ₹ Crore (restated)
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 | 8.15 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
12.03
P/E (x)
35.66
Market Cap at Offer Price
₹4,308Cr.
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 46.06% | 39.47% |
| Public | 53.94% | 60.53% |
| Total | 100% | 100% |
Objects of the issue
- — Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres.
- — General Corporate Purposes
Intermediaries
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager(s)
Dam Capital Advisors Ltd., Systematix Corporate Services Ltd.
FAQs
How to apply in ESDS Software Solution IPO through Zerodha?+
Zerodha customers can apply online in ESDS Software Solution IPO using UPI as a payment gateway. Zerodha customers can apply in ESDS Software Solution IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in ESDS Software Solution IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' ESDS Software Solution IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When ESDS Software Solution IPO will open?+
The ESDS Software Solution IPO opens on Fri, Aug 28, 2026 and closes on Tue, Sep 1, 2026.
What is the lot size of ESDS Software Solution IPO?+
ESDS Software Solution IPO lot size is 34 , and the minimum amount required for application is ₹14,586 .
How to apply for ESDS Software Solution IPO?+
You can apply in ESDS Software Solution IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is ESDS Software Solution IPO allotment?+
The finalization of Basis of Allotment for ESDS Software Solution IPO will be done on Wednesday, September 2, 2026 , and the allotted shares will be credited to your demat account by Thu, Sep 3, 2026 . Check the ESDS Software Solution IPO allotment status .
When is ESDS Software Solution IPO listing date ?+
The ESDS Software Solution IPO listing date is not yet announced. The tentative date of listing is Fri, Sep 4, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.