ESDS Software Solution IPO 2026: Price Band, Dates, Lot Size & Full Details
Nashik-based cloud and data-centre services provider ESDS Software Solution Ltd. opened its ₹720 crore initial public offering on Friday, August 28, as the company looks to capitalize on rising enterprise demand for AI infrastructure and managed cloud services in India.
The mainboard issue, priced in a band of ₹408 to ₹429 per share, will run through September 1 and marks the company's second attempt at a public listing after an earlier bid was shelved in 2021.
Issue Structure
The offering is a 100% fresh issue with no offer-for-sale component, meaning all proceeds will flow to the company's balance sheet rather than to selling shareholders. At the top end of the price band, ESDS is valued at a post-issue market capitalization of ₹5,028.35 crore, up from a pre-issue valuation of ₹4,308.35 crore.
Promoter holding — currently held by Piyush Prakashchandra Somani, Komal Piyush Somani and the P.O. Somani Family Trust — will be diluted to 39.47% from 46.06% once the issue closes.
Key Dates
- Anchor book: August 27, 2026
- IPO opens: August 28, 2026
- IPO closes: September 1, 2026
- Basis of allotment: September 2, 2026
- Refunds and demat credit: September 3, 2026
- Listing on BSE and NSE: September 4, 2026
Lot Size and Investment
Retail investors can bid for a minimum lot of 34 shares, requiring an outlay of ₹14,586 at the upper end of the price band. The issue is reserved 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors, split between small (5%) and big (10%) high-net-worth individual categories.
(Source : Internet )
Business Overview
Founded in 2005, ESDS positions itself as an AI-enabled, end-to-end IT infrastructure provider, offering Infrastructure-as-a-Service, managed services and Software-as-a-Service to government bodies, BFSI institutions and enterprise clients. The company runs five Tier-3 data centres across India spanning more than 75,000 square feet, and its product suite spans public, private, hybrid and community cloud offerings alongside GPU-as-a-Service for AI workloads.
The company served 2,501 customers in fiscal 2026, according to its Red Herring Prospectus.
Financial Performance
ESDS reported revenue from operations of ₹480.65 crore for fiscal 2026, up from ₹376.64 crore a year earlier. The company has flagged that FY25 profitability was affected by accounting adjustments, even as its top line continued to expand. Because ESDS has no directly listed peer on Indian exchanges, analysts note the company has more pricing latitude in setting its valuation.
Use of Proceeds
Fresh issue proceeds are expected to fund purchases of cloud computing equipment for the company's data centres, support long-term working capital needs, and go toward repayment or prepayment of term loans, alongside general corporate purposes.
Deal Team
DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers on the offering, while MUFG Intime India Pvt. Ltd. is acting as registrar.
Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice. IPO subscription figures and grey market premium (GMP) change through the bidding window — investors should check a live tracker before applying and consult a registered financial advisor before making investment decisions.
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