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ESDS IPO: Price Band Set at Rs 408-429, Aims to Raise Rs 720 Cr

By ThePip DeskESDS IPO: Price Band Set at Rs 408-429, Aims to Raise Rs 720 Cr

ESDS Software Solution sets its IPO price band at Rs 408-429 per share, aiming to raise Rs 720 crore. Opens August 28, 2026. Key player in AI-enabled cloud and GPU-as-a-Service.

ESDS Software Solution Ltd. has set the price band for its Initial Public Offering (IPO) at Rs 408-429 per equity share. The fresh issue of equity shares aims to raise up to Rs 720 crore.

Offering Specifics

  • The IPO will open on August 28, 2026.
  • It is scheduled to close on September 1, 2026.
  • The fresh issue component is valued at up to Rs 720 crore.

Established in 2005, ESDS is a key provider of AI-enabled cloud, managed services, data center infrastructure, and software solutions. Notably, it stands as one of only two Indian companies to offer comprehensive GPU-as-a-Service.

Fiscal 2026 Performance

  • Revenues for fiscal 2026 reached Rs 472.21 crore.
  • Net profit for the same period was Rs 120.82 crore.

Further demonstrating its growth, ESDS has entered a significant USD 1.25 billion AI cloud infrastructure agreement with an Australian provider. This partnership involves the deployment of NVIDIA B300 GPUs, with revenue generation anticipated to start in Q3 fiscal 2027.

These strategic initiatives underscore ESDS’s positioning in the rapidly evolving AI and cloud infrastructure markets.

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