ESDS Software Solution IPO
GMP, Subscription, Price, Dates & Financial Details
It - Software
Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud computing, managed services, data centre infrastructure, and software solutions in India. The company offers an integrated technology portfolio covering Infrastructure-as-a-Service (IaaS), managed…
Open Date
Fri, 28 Aug 2026
Close Date
Tue, 01 Sep 2026
Price Band
₹ 408 – 429
Lot Size
34
Issue Size
₹ 720.00 Cr
Minimum Investment
₹ 14,586 (34 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
According to the Red Herring Prospectus (RHP), ESDS Software Solution IPO was a book-built issue with a total issue size of ₹720.00 Crore, comprising a fresh issue of 1.68 Crore equity shares aggregating to ₹720.00 Crore.
The ESDS Software Solution IPO was open for subscription from August 28, 2026, to September 01, 2026. The basis of allotment was finalized on September 02, 2026, and the shares are tentatively scheduled to be listed on the NSE and BSE on September 04, 2026.
The company had fixed the price band at ₹408 to ₹429 per share, with a lot size of 34 shares. Retail investors were required to make a minimum investment of ₹14,586 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and Systematix Corporate Services Limited are the Book Running Lead Managers (BRLMs) to the issue.
Following the completion of the allotment process, successful applicants should receive the allotted shares in their demat accounts before the tentative listing on the NSE and BSE on September 04, 2026. Investors who did not receive an allotment can expect their refunds, if applicable, to be processed as per the IPO schedule.
ESDS Software Solution IPO Timeline (Tentative)
- IPO Open Date
- Fri, 28 Aug 26
- IPO Close Date
- Tue, 01 Sep 26
- Basis of Allotment
- Wed, 02 Sep 26
- Initiation of Refunds
- Thu, 03 Sep 26
- Credit of Shares to Demat
- Thu, 03 Sep 26
- Listing Date
- Fri, 04 Sep 26 — BSE & NSE
Open Date
28 August 2026
Close Date
01 September 2026
Basis Of Allotment
02 September 2026
Listing Date
04 September 2026
IPO Subscription
Check Live Subscription →The ESDS Software Solution IPO has received bids for 1,67,85,63,340 shares against 1,50,00,001 shares offered, resulting in an overall subscription of 135.88x. the NII category is subscribed 192.94x, Retail Investors 39.64x, and QIBs 261.51x. Within the NII category, BNII is subscribed 208.84x, while SNII is subscribed 161.14x.
QIB
261.51x
NII
192.94x
BNII
68.69x
SNII
5.74x
RII
39.64x
Total
135.88x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 58,74,126 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 33,56,643 shares (20%), while Non-Institutional Investors (NIIs) receive 25,17,483 shares (15%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 5,034,964 | 30% |
| Qualified Institutions | 3,356,643 | 20% |
| Non-Institutional | 2,517,483 | 15% |
| BNII | 1,678,322 | 10% |
| SNII | 839,161 | 5% |
| Retail Investors | 5,874,126 | 35% |
| Total | 16,783,216 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1937.9 | 655.95 | 547.71 |
| Revenue | 480.65 | 376.64 | 292.14 |
| Profit After Tax | 120.82 | 55.61 | 13.61 |
| Net Worth | 528.81 | 405.55 | 206.36 |
| Reserve & Surplus | 533.62 | 407.54 | 216.62 |
| Total Borrowings | 42.92 | 62.71 | 149.04 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
ESDS Software Solution Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 25.12 | 17.27 | 6.23 |
| ROCE % | 32.78 | 24.73 | 14.53 |
| Debt / Equity | 0.08 | 0.15 | 0.66 |
| RoNW % | 22.85 | 13.71 | 6.59 |
| Pat Margin % | 25.59 | 15.39 | 4.75 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| ESDS Software Solution Ltd. | 1 | 0 | 12.03 | 11.81 | 22.85 | 52.66 |
| E2e Networks Ltd | 1 | -804.97 | -0.78 | -0.76 | -0.92 | 81.97 |
About ESDS Software Solution Limited
Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud computing, managed services, data centre infrastructure, and software solutions in India. The company offers an integrated technology portfolio covering Infrastructure-as-a-Service (IaaS), managed services, and Software-as-a-Service (SaaS).
ESDS primarily serves customers across the Banking, Financial Services and Insurance (BFSI), government, and enterprise sectors, providing technology infrastructure and software solutions designed to support digital transformation, business continuity, cybersecurity, and data management requirements.
During Fiscal 2026, the company served approximately 2,501 customers and reported revenue from operations of ₹4,722.10 million.
Infrastructure-as-a-Service (IaaS)
ESDS's IaaS portfolio comprises a broad range of infrastructure and cloud-based offerings, including:
Data centre and colocation services
Public cloud
Private cloud
Virtual private cloud
Hybrid cloud
Community cloud
GPU-as-a-Service (GPUaaS)
The company operates five Tier 3 data centres across India, with an aggregate area of more than 75,266 sq. ft. These facilities are supported by redundant power infrastructure, disaster recovery capabilities, and 24/7 operational support, enabling customers to host and manage critical applications and workloads with a focus on availability, security, and business continuity.
Managed Services
ESDS provides managed technology services that enable customers to outsource the management and monitoring of their IT infrastructure and digital environments.
Its managed services portfolio includes:
Cloud management
Data centre management
Cybersecurity services
IT infrastructure management
Network management
Backup and disaster recovery
Database management
DevOps services
These offerings are designed to help customers improve operational efficiency, strengthen IT security, maintain system availability, and manage increasingly complex technology environments.
Proprietary Technology and AI Capabilities
A key component of ESDS's business is the development of proprietary technology platforms and software solutions.
One of its key technologies is SWARAJ Cloud, a patented cloud autoscaling technology developed by the company. The technology has subsequently evolved into an AI-enabled cloud platform with a focus on:
Data sovereignty
Scalability
Security
Regulatory and compliance requirements
Artificial intelligence capabilities
The platform is intended to address the growing demand for secure, scalable, and intelligent cloud infrastructure, particularly among organizations handling sensitive and regulated data.
Software-as-a-Service (SaaS) Portfolio
ESDS also develops and offers a range of SaaS-based technology solutions. Its software portfolio includes tools and platforms for data centre management, cybersecurity, network security, and AI-enabled infrastructure monitoring.
Key offerings include:
Data centre management solutions
Vulnerability scanning tools
Web Application Access Firewalls
VPN solutions
AI-powered GPU monitoring solutions
These proprietary applications complement the company's cloud and managed services offerings, allowing ESDS to provide customers with integrated infrastructure and software solutions.
Key Customer Segments
ESDS serves a diversified customer base across several sectors, with a particular focus on:
BFSI:
The company provides cloud infrastructure, data centre, cybersecurity, backup, disaster recovery, and other technology solutions to financial institutions and related organizations that require secure and compliant IT environments.
Government:
ESDS supports government and public-sector organizations with data centre infrastructure, cloud services, security solutions, and technology platforms, with an emphasis on data sovereignty and compliance.
Enterprises:
Enterprise customers use ESDS's cloud, managed services, cybersecurity, infrastructure, and SaaS offerings to support their applications, digital operations, data management, and technology transformation initiatives.
Data Centre Infrastructure
ESDS operates five Tier 3 data centres in India, providing the underlying infrastructure for its cloud and managed service offerings. The facilities are supported by redundant power systems, disaster recovery infrastructure, and round-the-clock operations.
This infrastructure enables the company to provide customers with hosting, colocation, cloud computing, backup, disaster recovery, and other mission-critical services.
Human Resources
As of June 30, 2026, ESDS had approximately 993 employees across its operations. Its workforce supports a broad range of functions, including:
Data centre operations
Cloud infrastructure
Cybersecurity and security management
Research and development
Sales and business development
Service delivery
Technology and software development
Other corporate and support functions
Overall Business Position
ESDS Software Solution Limited operates as an integrated cloud, data centre, managed services, and software technology provider. Its business model combines physical data centre infrastructure with cloud platforms, managed IT services, cybersecurity capabilities, and proprietary SaaS solutions.
The company's combination of five Tier 3 data centres, IaaS and managed services capabilities, proprietary cloud technology, AI-enabled solutions, and a diversified customer base across BFSI, government, and enterprise sectors provides it with an end-to-end technology offering.
With 2,501 customers in Fiscal 2026, ₹4,722.10 million of revenue from operations, and 993 employees as of June 30, 2026, ESDS has established a presence across multiple segments of India's growing digital infrastructure and cloud services market.
ESDS Software Solution IPO Promoters
- Piyush Prakashchandra Somani
- Komal Piyush Somani
- P.O. Somani Family Trust
Promoters Holding
Holding Pre Issue
46.06%
Holding Post Issue
39.47%
ESDS Software Solution IPO Objective
The Company ESDS Software IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Purchase and installation of cloud computing and other equipment and other infrastructure for our Data Centres
- General corporate purposes
ESDS Software Solution Limited Address / Contact Details
ESDS Software Solution
Plot No. B- 24 & 25,
NICE Area, MIDC, Satpur,
Nashik – 422007, Maharashtra, India
Nashik, Maharashtra, 422007
Phone: +91 253 711 2244
Email: secretarial@esds.co.in
Website: https://www.esds.co.in/
IPO Snapshot
ESDS Software Solution IPO Lot Size
The ESDS Software Solution IPO has a lot size of 34 shares. Retail investors require a minimum investment of ₹14,586 by applying for 1 lot (34 shares). The maximum application allowed for the retail category is 13 lots (442 shares), requiring an investment of ₹1,89,618.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | 14,586.00 |
| Retail (Max) | 13 | 442 | 189,618.00 |
| S-HNI (Min) | 14 | 476 | 204,204.00 |
| S-HNI (Max) | 68 | 2,312 | 991,848.00 |
| B-HNI (Min) | 69 | 2,346 | 1,006,434.00 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- Systematix Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the ESDS Software Solution IPO?
ESDS Software Solution IPO is a Book-building IPO with a total issue size of ₹720 crore. The ESDS Software Solution IPO price band is ₹408 to 429 per share. The ESDS Software Solution IPO subscription opens on Fri, Aug 28, 2026, and closes on Tue, Sep 1, 2026. The ESDS Software Solution IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the ESDS Software Solution IPO.
When will the ESDS Software Solution IPO open for subscription?
The ESDS Software Solution IPO opens on Fri, Aug 28, 2026 and closes on Tue, Sep 1, 2026
What is ESDS Software Solution IPO Price Band?
ESDS Software Solution IPO Price Band is ₹408 to 429 per share.
What is ESDS Software Solution IPO Lot Size?
ESDS Software Solution IPO lot size is 34 shares, Retail investors need a minimum investment of ₹14586 based on the upper price band
What is the minimum investment for ESDS Software Solution IPO?
The minimum investment for ESDS Software Solution IPO is ₹14586, based on one lot of 34 shares at the upper price band of ₹429 per share.
How to apply for ESDS Software Solution IPO?
Investors can apply for the ESDS Software Solution IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 1, 2026. The application amount remains blocked until the ESDS Software Solution IPO allotment is finalized.
What is ESDS Software Solution IPO Issue Size?
ESDS Software Solution IPO issue size is ₹720 crores.
What is the ESDS Software Solution IPO Allotment Date?
ESDS Software Solution IPO allotment date is Wed, Sep 2, 2026.
Who is the ESDS Software Solution IPO Registrar?
The registrar for ESDS Software Solution IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check ESDS Software Solution IPO allotment status, refund processing, and other IPO-related information.
What is the ESDS Software Solution IPO GMP?
The ESDS Software Solution IPO GMP (Grey Market Premium) is ₹255 as of Tue, Sep 1, 2026. Based on the upper price band of ₹429 per share, the estimated ESDS Software Solution IPO listing price is ₹684, indicating a potential listing gain of approximately 59.44% over the issue price.
Who is the ESDS Software Solution IPO Lead Manager?
The book-running lead managers (BRLMs) for the ESDS Software Solution IPO are Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Systematix Corporate Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the ESDS Software Solution IPO Red Herring Prospectus (RHP).