ESDS Software’s Rs 720-Cr IPO To Open on Aug 28; Sets Price Band at Rs 408–429

New Delhi: ESDS Software Solution Ltd on Tuesday announced a price of Rs 408-429 per share for its Rs 720-crore initial public offering (IPO).

The IPO of the AI-enabled cloud, managed services, data centre infrastructure and software solutions provider will open for public subscription on August 28 and close on September 1.A

Anchor investors can bid on August 27, according to a public announcement.

The IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component.

The company plans to utilise Rs 576 crore of the IPO proceeds to purchase and install cloud computing and other equipment and infrastructure for its data centres, with the remaining amount earmarked for general corporate purposes.

At the upper end of the price band, the issue implies a market capitalisation of about Rs 5,028 crore.

ESDS, incorporated in 2005, offers cloud, managed services, data centre infrastructure and software solutions, and is among the two players in India offering the full spectrum of GPU-as-a-Service (GPUaaS), cloud, managed services, data centre infrastructure and software solutions.

It was among the early cloud service providers in India to offer community cloud services, catering to organisations with specific data privacy, security, compliance and regulatory requirements.

During fiscal 2026, it served over 2,500 customers across banking, financial services and insurance, public sector entities, businesses and enterprises.

On the financial front, the company’s revenue from operations rose to Rs 472.21 crore in fiscal 2026 and net profit at Rs 120.82 crore.

Of the issue, 50 per cent is reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and 35 per cent for retail investors.

The shares are proposed to be listed on the BSE and NSE on September 4.

DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers to the issue, while MUFG Intime India is the registrar.

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