ESDS Software IPO Opens: Grey Market Signals 75% Premium
By IPO Desk
ESDS Software Solution’s IPO opens Aug 28, 2026. Grey market premium indicates a strong potential listing gain of 75.76%. Details on price band, dates, and GMP.
The ESDS Software Solution IPO opened on August 28, 2026, with its Grey Market Premium (GMP) signaling a potential 75.76% listing premium. The Rs 720 crore issue will conclude its subscription period on September 1, 2026.
IPO Details at a Glance
- Issue Size: Rs 720 crore
- Price Band: Rs 408-Rs 429 per share
- Minimum Bid: 34 shares, requiring Rs 14,586 at the upper price band
- Issue Type: Fresh issue of 1.68 crore equity shares; no Offer for Sale (OFS)
The Grey Market Premium (GMP) for ESDS Software Solution’s IPO was reported at Rs 325, against the upper price band of Rs 429. This suggests an estimated listing price of Rs 754 per share.
Key Listing Dates
- GMP: Rs 325
- Upper Price Band: Rs 429
- Estimated Listing Price: Rs 754
- Potential Premium: 75.76%
- Allotment Finalization: September 2, 2026
- Listing Date: September 4, 2026 (on NSE and BSE)
ESDS Software Solution, established in 2005, operates as an AI-enabled IT service provider. The company specializes in cloud infrastructure, data centers, and managed services, offering IaaS, SaaS, and bespoke cloud solutions to government, BFSI, and enterprise clients.
Proceeds Allocation
- Primary Use: Rs 576 crore for acquiring and installing cloud computing equipment and infrastructure for Data Centres
- Secondary Use: General corporate objectives
Financially, ESDS Software Solution demonstrated robust performance in FY26. Total income increased by 28%, reaching Rs 480.65 crore from Rs 376.64 crore in FY25. Profit after tax (PAT) saw a significant jump of 117%.
Financial Performance (FY26)
- Total Income: Rs 480.65 crore (up 28% from FY25’s Rs 376.64 crore)
- Profit After Tax (PAT): Rs 120.82 crore (up 117% from FY25’s Rs 55.61 crore)
- EBITDA: Rs 234.23 crore (compared to Rs 154.89 crore year-on-year)
DAM Capital Advisors Ltd. is serving as the book-running lead manager for the IPO. MUFG Intime India Pvt. Ltd. has been appointed as the registrar for the issue.