ESDS Software IPO: Price Band ₹408-₹429, Opens Aug 28

ESDS Software Solution has set its initial public offering price band between ₹408 and ₹429 per share. The IPO aims to raise ₹720 crore through a fresh issuance of 1.68 crore shares, with no offer-for-sale component.

IPO Snapshot

• Total IPO Value: ₹720 crore
• Shares Offered: 1.68 crore
• Price Band: ₹408-₹429 per share
• Minimum Lot Size: 34 shares

The subscription window for the offering opens on August 28 and closes on September 1. Funds are earmarked for acquiring and installing cloud computing infrastructure for data centers, alongside general corporate purposes.

Investor Allocation

• Qualified Institutional Buyers (QIB): 50%
• Retail Investors: 35%
• Non-Institutional Investors: 15%

The company expects to boost its market visibility, brand image, and establish a public market for its shares with the listing.

Key Dates

• Basis of Allotment: September 2
• Initiation of Refunds: September 3
• Shares to Demat Accounts: September 3
• Listing Date: September 4

ESDS Software Solution, established in 2005, reported strong financial growth in its latest fiscal years. The company specializes in cloud, managed services, data center infrastructure, and software solutions.

Financial Highlights (FY25 vs FY26)

• FY26 Revenue: ₹472.21 crore (up from ₹361.33 crore in FY25)
• FY26 Net Profit: ₹120.82 crore (up from ₹55.61 crore in FY25)

ESDS is noted as one of only two Indian providers offering a comprehensive GPU-as-a-Service spectrum. Its shares are slated for listing on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).