ESDS Software IPO: Price Band ₹408-₹429, Opens Aug 28
ESDS Software Solution IPO price band and market listing details.
Key Highlights
ESDS Software Solution sets IPO price band at ₹408-₹429 per share, aiming to raise ₹720 crore. Subscriptions open August 28. Learn key dates and investor allocation.
ESDS Software Solution has set its initial public offering price band between ₹408 and ₹429 per share. The 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
- : ₹408-₹429 per share
- Minimum : 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
- (QIB): 50%
- 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
- : September 2
- Initiation of Refunds: September 3
- Shares to Demat Accounts: September 3
- : 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 : ₹472.21 crore (up from ₹361.33 crore in FY25)
- FY26 : ₹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 (NSE) and (BSE).