ESDS Software Solution IPO
Bookbuilding IPO | ₹720.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Aug 28, 2026
IPO Close
Tue, Sep 01, 2026
Price Band
₹408.00 to ₹429.00
Market Cap (Pre-IPO)
₹5,028.35 Cr
IPO Details
| IPO Date | Aug 28, 2026 to Sep 01, 2026 |
| Listing Date | Tentative: Sep 04, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹408.00 to ₹429.00 |
| Lot Size | 34 Shares (Minimum: ₹14,586.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹720.00 Crores |
| Total Shares Offered | 16,783,216 shares |
| Fresh Issue | 16,783,216 shares |
| Offer For Sale | 16,783,216 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.01x |
| NII | 3.70x |
| RII | 2.84x |
| Total | 2.21x |
ESDS Software Solution IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
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 | ₹189,618 |
| S-HNI (Min) | 14 | 476 | ₹204,204 |
| S-HNI (Max) | 68 | 2,312 | ₹991,848 |
| B-HNI (Min) | 69 | 2,346 | ₹1,006,434 |
ESDS Software Solution Financial Information (Restated Consolidated)
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.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,937.90 | 655.95 | 547.71 |
| Total Income | 480.65 | 376.64 | 292.14 |
| Profit After Tax | 120.82 | 55.61 | 13.61 |
| EBITDA | 234.23 | 154.89 | 101.88 |
| NET Worth | 528.81 | 405.55 | 206.36 |
| Reserves and Surplus | 533.62 | 407.54 | 216.62 |
| Total Borrowing | 42.92 | 62.71 | 149.04 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 25.12% |
| ROCE (Return on Capital Employed) | 32.78% |
| Debt/Equity | 0.08 |
| RoNW (Return on Net Worth) | 22.85% |
| PAT Margin (Profit After Tax Margin) | 25.59% |
| EBITDA Margin | 49.60% |
| Price to Book Value | 8.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.03 | 10.31 |
| P/E (x) | 35.66 | 41.61 |
Company Overview
ESDS Software Solution Ltd. – Company Overview
- ESDS Software Solution Ltd. is an AI-enabled cloud, managed services, Data Centre infrastructure, and software solutions provider in India.
- The company offers an end-to-end portfolio covering Infrastructure-as-a-Service (IaaS), Managed Services, and Software-as-a-Service (SaaS), serving customers across BFSI, Government, and enterprise segments.
- The company operates five Tier 3 Data Centres across India, covering more than 75,266 sq. ft., supported by redundant power, disaster recovery infrastructure, and 24/7 operations.
- ESDS has developed proprietary technologies including SWARAJ Cloud, its patented cloud autoscaling technology, which has evolved into an AI-enabled cloud platform focused on data sovereignty, scalability, security, compliance, and AI capabilities.
- In Fiscal 2026, the company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
Company Strengths
- Leading Position in Cloud, Managed Services and Data Centre Solutions.
- Comprehensive Security-as-a-Service (SECaaS) Framework.
- Long-term Relationships with Banks and Enterprises.
- Strong Government Partnerships and Policy Advocacy.
- AI-driven Innovations and Patented Technology.
- Transparent and Flexible Customised Billing System.
- Experienced Directors, KMPs and Senior Management.
Use of Proceeds
| 1) | Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres. | 576.00 |
| 2) | General Corporate Purposes | |
| Total | 576.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
ESDS Software Solution IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| ESDS Software Solution Ltd. | 12.03 | 11.81 | 52.66 | - | 22.85 | - | Consolidated |
| E2e Networks Ltd | -0.78 | -0.78 | 81.97 | -804.97 | -0.92 | 7.69 | Consolidated |
Quick Info
| Sector | Information Technology (IT) |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹5,028.35 Cr |
Important Dates
| IPO Open | Aug 28, 2026 |
| IPO Close | Sep 01, 2026 |
| Allotment Date | Sep 02, 2026 |
| Credit to Demat | Sep 03, 2026 |
| Listing Date | Tentative: Sep 04, 2026 |
Lead Manager(s)
Dam Capital Advisors Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹720.00 crores.
- Issue Structure: Entirely a fresh issue of 1.68 crore shares aggregating to ₹720.00 crores.
- IPO Dates: The issue opened on August 28, 2026 and closes on September 1, 2026.
- Allotment Date: The allotment is expected to be finalized on September 2, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on September 4, 2026.
- Retail Investment Requirement: Minimum 1 lot (34 shares) amounting to approximately ₹14,586 (at the upper price band).
- Issue Price Band: ₹408 to ₹429 per equity share.
- Lot Size: 34 shares per lot.
This IPO offers investors an opportunity to participate in the software and technology services sector through an entirely fresh issue of shares.