ESDS Software Solution IPO

About ESDS Software Solution IPO

The ESDS Software Solution Limited IPO, a mainboard IPO, opens on Friday, August 28, 2026, and closes on Tuesday, September 1, 2026. The allotment of shares will take place on Wednesday, September 2, 2026. The credit of shares to the demat account will take place on Thursday, September 3, 2026. The initiation of refunds will take place on Thursday, September 3, 2026. The listing of shares will take place on Friday, September 4, 2026.

The equity shares offered through the IPO are proposed to be listed on BSE and NSE.

The offer consists of a fresh issue component only. The fresh issue will include 1,67,83,216 Equity Shares aggregating up to ₹720 crore. There is no Offer for Sale component.

ESDS Software Solution Limited IPO's price band is set at ₹408 to ₹429 per share. The lot size for an application is 34 shares. The minimum amount of investment required by a retail investor is ₹14,586 (34 shares) based on the upper price band.

The company is an AI-enabled cloud, managed services, Data Centre infrastructure and software solutions provider in India.

Objectives of ESDS Software Solution IPO

• Purchase and installation of cloud computing and other equipment and infrastructure for the Airoli Data Centre, Bengaluru Data Centre, Mohali Data Centre and Nashik Data Centre
  
• General corporate purposes
  

Industry Outlook

As businesses undergo rapid digital transformation, the need for secure, high-performance, and cost-effective cloud solutions has become paramount. Indian Data Centre providers are well-positioned to benefit from regulatory push, offering secure, compliant, and scalable solutions for enterprises navigating localisation mandates.

Among the leading players in the cloud, managed services, data centre infrastructure and software solutions, the Company is one of the only two players providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India.

About ESDS Software Solution Limited

The company operates five Data Centres in India located in Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida.

The company offers comprehensive cloud infrastructure and software solutions consisting of IaaS, Managed Services, and SaaS.

The company serves a diverse range of end-user industries including BFSI, Government, and Enterprises.

Strengths of ESDS Software Solution

• Leading player offering end-to-end cloud, managed services, Data Centre infrastructure and software solutions in India.
• Long-term relationships with well-established banks and other businesses.
• Strong Government Partnerships and Policy Advocacy.
• AI-driven innovations and patented technology.

Risks of ESDS Software Solution

• If the company fails to innovate in response to new technological changes and technological innovations, or adapt to technological developments or evolving industry standards, its business, financial condition, and results of operations could be adversely affected.
• The revenue, directly or indirectly, from government entities and government projects represented 27.37%, 29.52%, and 34.04% of revenue from operations for Fiscals 2026, 2025 and 2024, respectively.
• ESDS Cloud FZ-LLC, the company's subsidiary, had a loss of ₹40.46 million and ₹60.19 million for Fiscals 2025 and 2024, respectively.
• Any unauthorized access to the network or data could harm reputation, create additional liability and adversely affect financial condition, results of operations and cash flows.

Anchor Investor Bidding Date

Thursday, August 27, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
MUFG Intime India Private Limited
E-mail: esdssoftware.ipo@in.mpms.mufg.com
Telephone: +91 8108114949

Book Running Lead Manager(s)
DAM Capital Advisors Limited and Systematix Corporate Services Limited

ESDS Software Solution Contact Details
Plot No. B- 24 & 25, NICE Area, MIDC, Satpur, Nashik – 422 007, Maharashtra, India
E-mail: secretarial@esds.co.in
Telephone: +91 253 711 2244

ESDS Software Solution Business Model

The Company operates an asset-light cloud and data centre model offering Infrastructure as a Service (IaaS), Managed Services, and Software as a Service (SaaS), generating revenue through pay-per-consumption, subscriptions, and pay-per-branch models.

ESDS Software Solution Growth Trajectory

ESDS Software Solution Limited's Total Income for FY 26 was ₹480.65 crore, whereas in FY 25 and FY 24 it was ₹376.64 crore and ₹292.14 crore, respectively.

The Profit After Tax for FY 26 was ₹120.82 crore, whereas in FY 25 and FY 24 it was ₹55.61 crore and ₹13.61 crore, respectively.

Their EBITDA for FY 26 was ₹234.23 crore, whereas in FY 25 and FY 24 it was ₹154.89 crore and ₹101.88 crore, respectively.

ESDS Software Solution Market Position

The Company serves a diverse range of end-user industries including BFSI, Government, and Enterprises.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹480.65 crore, ₹120.82 crore, and ₹234.23 crore, respectively.

How to apply for ESDS Software Solution IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.