ESDS Software Solution IPO
ESDS Software Solution IPO
Overview
ESDS Software Solution IPO is a book build issue of ₹720.00 crores. The issue is entirely a fresh issue of 1.68 crore shares of ₹720.00 crore. ESDS Software Solution IPO opens for subscription on Aug 28, 2026 and closes on Sep 1, 2026. The allotment for the ESDS Software Solution IPO is expected to be finalized on Sep 2, 2026. ESDS Software Solution IPO will list on NSE and BSE with a tentative listing date fixed as Sep 4, 2026. ESDS Software Solution IPO is set issue price band at ₹408 to ₹429 per share. The lot size for an application is 34 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,586 (34 shares) (based on upper price). Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
1,67,83,216
Issue Size
₹720 Cr
Price Band
₹408 – ₹429
Lot Size
34 shares
Min. Investment
₹14,586
Max. Investment
₹1,89,618
Open Date
28 Aug, 2026
Close Date
01 Sep, 2026
Allotment
02 Sep, 2026
Listing
04 Sep, 2026
Max. Investment
₹1,89,618
Announced
28 Aug, 2026
Opening Date
28 Aug, 2026
Closing Date
01 Sep, 2026
Basis of Allotment
02 Sep, 2026
Initiation of Refunds
03 Sep, 2026
Credit of Shares
03 Sep, 2026
Listing Date
04 Sep, 2026
Live GMP
Est. Listing: ₹794
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About ESDS Software Solution IPO
Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. The Company offers an end-to-end portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and enterprise segments. In Fiscal 2026, the Company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
ESDS Software Solution IPO Share Price
Issue Breakdown
Shareholding
Dilution: 16.7% increase in shares
ESDS Software Solution IPO Financial Health
ESDS Software Solution Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2026 and March 31, 2025.
ESDS Software Solution IPO Lot Size
Investors can bid for a minimum of 34 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,586 |
| Retail (Max) | 13 | 442 | ₹1,89,618 |
| S-HNI (Min) | 14 | 476 | ₹2,04,204 |
| S-HNI (Max) | 68 | 2312 | ₹9,91,848 |
| B-HNI (Min) | 69 | 2346 | ₹10,06,434 |
(All values in CR)
ESDS Software Solution IPO Valuations
| Metric | Value |
|---|---|
| ROE | 25.12 |
| ROCE | 32.78 |
| Debt/Equity | 0.08 |
| RoNW | 22.85 |
| PAT Margin | 25.59 |
| EBITDA Margin | 49.60 |
| NAV | 52.66 |
| Price to Book Value | 8.15 |
(All values in CR)
ESDS Software Solution IPO Strength & Risk
ESDS Software Solution IPO Strength
- End-to-End Cloud Platform: ESDS offers cloud infrastructure, managed services, data centre infrastructure and SaaS solutions, allowing customers to access multiple services from one provider.
- AI and Proprietary Technology: The company has developed its own cloud technologies, including the SWARAJ Cloud platform, and is expanding into AI infrastructure and GPU-as-a-Service.
- Strong Data Centre Network: ESDS operates five data centres across India, providing infrastructure for cloud, managed services and enterprise customers.
- Long-Term Customer Relationships: The company has established relationships with banks, government organisations and enterprises, supporting customer retention and recurring business.
- Government and BFSI Exposure: Its presence across government and BFSI customers provides access to sectors with growing requirements for secure, compliant and domestic cloud infrastructure.
ESDS Software Solution IPO Risk
- Intense Competition: ESDS competes with much larger global and domestic cloud and data-centre providers that have substantially greater financial and technological resources.
- Customer Concentration: The top ten customers contributed a significant share of revenue, making the company vulnerable if major customers reduce spending or discontinue their relationships.
- Government Dependence: Government-related business accounted for a meaningful portion of revenue, exposing ESDS to changes in government policies, budgets and project priorities.
- Cybersecurity Risk: The company stores and processes sensitive customer information, so a major cyberattack or data breach could result in financial losses, regulatory action and reputational damage.
ESDS Software Solution IPO GMP
ESDS Software Solution IPO last GMP is ₹365, last updated Aug 27th 2026 08:56 AM. With the upper price band of ₹429.00, ESDS Software Solution IPO's estimated listing price is ₹794 (cap price + today's GMP). The expected percentage gain/loss per share is 85.08%. >> ESDS Software Solution IPO Retail Subject to Sauda: ₹9400 >> ESDS Software Solution IPO Small HNI Subject to Sauda: ₹131600 During this period, the GMP ranged from a low of ₹275.00 to a high of ₹365.00.
Last updated 27 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 27 Aug, 2026 | 429 | ₹365 | - | ₹794 (85.08%) | 12410 | 27 Aug, 2026 |
| 26 Aug, 2026 | 429 | ₹365▲ | - | ₹794 (85.08%) | 12410 | 26 Aug, 2026 |
| 25 Aug, 2026 | 429 | ₹275 | - | ₹704 (64.10%) | 9350 | 25 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for ESDS Software Solution IPO
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