ESDS Software Solution IPO Details: Date, Price, and Listing Date
ESDS Software Solution IPO opens on August 28 with a price band of ₹408–₹429 per share. Check the latest IPO dates, lot size, reservation and financial performance.
ESDS Software Solution IPO Details: The ₹720 crore IPO will open for subscription from 28 August to 1 September 2026. ESDS Software Solution's allotment is expected on 2 September, and the shares are likely to be listed on BSE and NSE on 4 September 2026. The price band for the ESDS Software Solution IPO has been fixed between ₹408 and ₹429 per share.
ESDS Software Solution IPO: ESDS Software Solution is an AI-enabled provider of cloud, managed services, data centre infrastructure and software solutions. Incorporated in August 2005, the company serves customers across BFSI, government, and enterprise segments. The company is launching a ₹720 crore IPO, entirely comprising a fresh issue of 1.68 crore shares.
Here are the key details investors should know about the upcoming IPO.
ESDS Software Solution IPO Details
Here are the important dates and IPO details investors should know before applying.
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ESDS Software Solution IPO is worth ₹720 crore and consists entirely of a fresh issue of 1.68 crore shares aggregating to ₹720 crore.
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ESDS Software Solution IPO will open for subscription on 28 August 2026 and close on 1 September 2026. The price band has been fixed between ₹408 and ₹429 per share.
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The IPO allotment is expected on 2 September 2026, and the shares are likely to be listed on BSE and NSE on 4 September 2026.
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The IPO has a lot size of 34 shares, requiring a minimum investment of ₹14,586 at the upper price band.
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The promoter and promoter group’s stake declined from 46.06% pre-IPO to 39.47% post-IPO
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Dam Capital Advisors Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar of the issue.
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The company plans to use ₹576 crore from the IPO proceeds towards purchasing and installing cloud computing equipment and other data centre infrastructure.
|
Parameter |
Detail |
|---|---|
|
IPO Open Date |
28 August 2026 |
|
IPO Close Date |
1 September 2026 |
|
Expected Allotment Date |
2 September 2026 |
|
Expected Listing Date |
4 September 2026 (BSE & NSE) |
|
Price Band |
₹408 - ₹429 per share |
|
Lot Size |
34 shares |
|
Minimum Investment |
₹14,586 |
|
Fresh Issue |
₹720 crore |
|
Offer for Sale (OFS) |
Nil |
|
Total Issue Size |
₹720 crore |
ESDS Software Solution IPO GMP
ESDS Software Solution IPO GMP is ₹257 as of 1 Sep 2026, indicating an estimated listing gain of around 59.91% over the upper price band of ₹429.
Based on the current GMP of ₹335, the estimated listing price of ESDS Software Solution shares could be around ₹764 per share. However, the actual listing price may differ depending on market conditions, investor demand and market sentiment.
GMP figures are provided for informational purposes only. We do not recommend trading in the grey market.
Investors should note that Grey Market Premium (GMP) is unofficial and is not regulated by SEBI. It reflects informal market sentiment and should not be considered a reliable indicator of listing performance or future returns.
ESDS Software Solution IPO Day 3 Subscription Status
ESDS Software Solution IPO was subscribed 2.21 times on Day 1, as of 5:50 PM
ESDS Software Solution IPO was subscribed 25.77 times on Day 2, as of 6:00 PM
ESDS Software Solution IPO was subscribed 74.73 times on Day 3, as of 6:00 PM
|
Date |
QIB (Ex Anchor) |
NII |
Retail |
Total |
|---|---|---|---|---|
|
28 Aug (Day 1) |
0.01 |
3.70 |
2.84 |
2.21 |
|
31 Aug (Day 2) |
0.76 |
73.34 |
19.67 |
25.77 |
|
1 Sep (Day 3) |
72.92 |
169.85 |
34.99 |
74.73 |
Source: NSE, as of 1 Sep 2026, 2:21 PM
ESDS Software Solution Share Listing
ESDS Software Solution shares debuted on the NSE at ₹757 on 4 September 2026, marking a 76.45% premium to the IPO’s upper price band of ₹429.
About ESDS Software Solution IPO
ESDS Software Solution was incorporated in August 2005 and provides cloud, managed services, data centre infrastructure and software solutions in India.
The company offers an end-to-end portfolio covering Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS). Its customers include businesses across banking, financial services and insurance (BFSI), government and enterprise segments.
In Fiscal 2026, the company served 2,501 customers and reported revenue from operations of ₹472.21 crore.
Strengths (from DRHP)
- One of only two pure-play Indian providers offering the full spectrum of cloud, managed services, data centre infrastructure and software solutions, with a 94.92% revenue retention rate in FY26
- Proprietary "SWARAJ Cloud" platform with patented (India and US) real-time vertical auto-scaling technology for dynamic, consumption-based resource allocation
- Deep government and BFSI presence: serves 104 government organisations and 115 banking/financial institutions across 1,045 branches
- Strong financial trajectory: total income grew from ₹292.14 crore (FY24) to ₹480.65 crore (FY26), PAT rose from ₹13.61 crore to ₹120.82 crore, and debt-to-equity fell from 0.66x to 0.08x as borrowings dropped from ₹149.04 crore to ₹42.92 crore over the same period
Risk Factors (from DRHP)
- Government revenue dependency: 27.37% of FY26 revenue tied directly or indirectly to government entities/tenders, exposing the business to procurement cycles, tender delays and policy shifts
- Customer concentration: the top client contributed 15.93%, and the top 10 clients 45.36% of FY26 revenue
- International/geopolitical exposure: 25.51% of FY26 revenue came from foreign operations (UAE 18.50%, UK 4.14%, Russia 2.80%).
- All data centres operate on leased premises or Master Service Agreements, risking disruption if these are terminated
- High capital intensity: continuous investment needed in GPUs, servers and storage to keep pace with rapid technological change
- Legal and tax disputes: claims of ₹25.05 crore against the company and ₹18.48 crore each against its promoters and directors
ESDS Software Solution IPO Reservation
For the ESDS Software Solution IPO, the allocation has been divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
|
Investor Category |
Shares Offered |
|---|---|
|
QIB Investors |
50% of the Offer |
|
Retail Investors |
35% of the Net Issue |
|
NII (HNI) Investors |
15% of the Issue |
ESDS Software Solution IPO Lot Size
Retail investors can apply for a minimum of 1 lot, comprising 34 shares, requiring an investment of ₹14,586 at the upper price band of ₹429. The maximum retail application is 13 lots.
|
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 |
ESDS Software Solution IPO Financial Performance
ESDS Software Solution reported strong financial growth during FY26. The company's total income increased from ₹376.64 crore in FY25 to ₹480.65 crore in FY26.
Profit after tax increased significantly from ₹55.61 crore to ₹120.82 crore during the same period. EBITDA also increased from ₹154.89 crore in FY25 to ₹234.23 crore in FY26.
|
Period Ended |
31 Mar 2026 |
31 Mar 2025 |
31 March 2024 |
|---|---|---|---|
|
Total Income (₹ Cr) |
480.65 |
376.64 |
292.13 |
|
EBITDA (₹ Cr) |
234.23 |
154.88 |
101.88 |
|
EBITDA Margin (%) |
49.60 |
42.86 |
35.56 |
|
PAT (₹ Cr) |
120.82 |
55.61 |
13.60 |
|
PAT Margin (%) |
25.59 |
15.39 |
4.75 |
|
ROE (%) |
25.12 |
17.27% |
6.23% |
|
ROCE (%) |
32.78 |
24.73 |
14.53 |
|
Debt-Equity Ratio (Times) |
0.08 |
0.15 |
0.66 |
Source: ESDS Solutions IPO RHP
ESDS Software Solution Peer Comparison
Among its peers, ESDS Software has a high EPS; however, a higher EPS is always considered good.
|
Company |
EPS Diluted |
PE |
|---|---|---|
|
ESDS Software Solution |
11.81 |
NA |
|
E2E Networks Limited |
-0.76 |
-804.97 |
Source: RHP
Conclusion
ESDS Software Solution IPO is a ₹720 crore book-built issue comprising an entirely fresh issue of 1.68 crore shares. The company reported strong financial growth in FY26. Total income increased to ₹480.65 crore from ₹376.64 crore in FY25. PAT more than doubled to ₹120.82 crore from ₹55.61 crore during the same period.
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