ESDS Software IPO To Open 28 August At Price Band Of ₹408-429; Issue Size Raised To ₹720 Crore
Add Preferred News Source
ESDS Software Solution will open its ₹720-crore IPO on 28 August, with the price band set at ₹408-429 per share. The fresh issue will fund cloud computing equipment and data centre infrastructure.
ESDS Software Solution is set to enter the primary market next week with its maiden public offering. The Maharashtra-based cloud infrastructure and artificial intelligence (AI) solutions provider will open its ₹720-crore initial public offering (IPO) for subscription on 28 August.
The price band has been fixed at ₹408-429 per share. At the upper end of the band, the company will have a valuation of around ₹5,028.3 crore. The issue will close on 1 September.
The ESDS Software Solution IPO has the backing of well-known market investors Ashish Kacholia and Mukul Agrawal, who are among the company's public shareholders.
ESDS Software IPO Dates And Investment Details
The anchor book will open for a day on 27 August. The company is likely to complete the share allotment process by 2 September, with the stock expected to start trading on the exchanges from 4 September.
The ₹720-crore issue will consist entirely of fresh equity shares. This means the money raised through the IPO will go to ESDS Software Solution.
The issue size is larger than the ₹600 crore proposed in the company's draft papers filed in March 2025. The Securities and Exchange Board of India (SEBI) approved the draft offer document in December 2025.
Retail investors can bid for at least 34 shares and then in multiples of 34. At ₹429 per share, the minimum investment works out to ₹14,586, while the maximum investment for a retail investor would be ₹1,89,618.
ESDS To Invest ₹576 Crore In Data Centre Infrastructure
ESDS Software operates across cloud computing, GPU-as-a-Service (GPUaaS), managed services, data centre infrastructure and software solutions.
The company currently has data centres in Airoli, Bengaluru, Nashik, Noida and Mohali. It is also working on proposed facilities in Kolkata and Sahibabad.
Of the net IPO proceeds, ₹576 crore will be spent on purchasing and installing cloud computing equipment and other infrastructure for its data centres during FY27 and FY28.
The remaining funds will be used for general corporate purposes.
Ashish Kacholia, Mukul Agrawal Among Public Shareholders
Promoters, including Piyush Prakashchandra Somani and others, hold 46.06% of ESDS Software.
Public shareholders own 52.65% of the company. This includes Mukul Mahavir Agrawal with a 6.99% stake and Ashish Kacholia with 2.39%. Anchorage Capital Fund holds another 1.32%.
ESDS Software has also reported strong financial growth. Its profit more than doubled to ₹120.8 crore in FY26 from ₹55.6 crore a year earlier. Revenue increased 30.7% to ₹472.2 crore from ₹361.3 crore during the same period.
DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers for the ESDS Software IPO.
Also Read - India To Launch First Tokenised Corporate Bond Issue In September
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
