About ESDS Software Solution IPO
ESDS Software Solution IPO Details
The ESDS Software Solution IPO is a 100% book-built issue comprising a fresh issue worth up to ₹600 crore, with a face value of ₹1 per share. The company filed its DRHP with SEBI on March 30, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are intended to be listed on the BSE and the NSE platforms. The book-running lead managers of this issue are DAM Capital Advisors Ltd. and Systematix Corporate Services Ltd., while MUFG Intime India Private Limited serves as the registrar.
ESDS Software Solution IPO Date & Timeline
ESDS Software Solution Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on March 30, 2025. However, the specific ESDS Software Solution IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
ESDS Software Solution IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
ESDS Software Solution IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 1 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Book Built Issue |
| Total Issue Size | Up to ₹ 600.00 Cr |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Up to ₹ 600.00 Cr (aggregating up to ₹ 6,000.00 million) |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Initial Public Offering (IPO) |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 100 % (92,886,511 Equity Shares as of Sept 30, 2024) |
| Share Holding Post Issue | - |
ESDS Software Solution IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The ESDS Software Solution IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
ESDS Software Solution Ltd. was incorporated on August 18, 2005 and then converted into a public limited company on June 29, 2021. Over 2 decades (20+ years), the business has evolved significantly from a traditional IT services firm into a comprehensive, end-to-end cloud and data centre solutions provider.
Currently, the core business centres around providing scalable IT infrastructure, disaster recovery and software solutions to help businesses navigate digital transformation. The company is headquartered in Nashik, Maharashtra, with data centres spread across major Indian cities and an international footprint catering to global clients.
Operations & Product Range
ESDS Software Solution Ltd. operates as a "one-stop shop" for cloud adoption and data centre infrastructure, offering Infrastructure as a Service (IaaS), Software as a Service (SaaS) and comprehensive managed services encompassing public, private and hybrid cloud models. A significant technological offering is its proprietary, vertically auto-scalable cloud technology. Target customers primarily consist of the Banking, Financial Services and Insurance (BFSI) sector, large government entities, healthcare and enterprise retail clients.
Facilities & Capacity
The operational backbone of ESDS Software Solution Ltd. relies on multiple advanced data centers located across Nashik, Navi Mumbai and Bengaluru, covering an aggregate area of over 50,000 square feet interconnected via a high-speed 10 Gbps backbone network. This issue mainly focuses on upgrading these facilities, with the company intending to utilize the majority of its proceeds to purchase and install new cloud computing hardware, servers and related infrastructure to significantly scale data center capacity.
Brands & Market Presence
ESDS Software Solution Ltd. is a prominent player in the cloud computing industry of India, operating under its brand name "eNlight Cloud," which is a patented, vertically auto-scaling cloud solution that differentiates it from conventional hosting providers. The market reach is mainly localised, primarily driven by the presence of large-scale agreements with various government organisations and banks within India, as well as overseas clients. The company has also received widespread acclaim in the industry for its efforts towards developing green data centers.
Revenue Streams & Business Model
ESDS Software Solution Ltd. derives most of its revenue from scalable subscriptions for cloud computing and data centres. The largest revenue contributor is the IaaS sector, contributing around 50% of the company’s total income, while the remaining income is split equally between managed services and SaaS solutions.
This business model provides consistent and dependable cash flow, as a result of long-term contracts with corporations and governments, making client retention extremely high.
Management & Shareholding
ESDS Software Solution Ltd. is promoted by Piyush Prakashchandra Somani, Komal Piyush Somani and the P.O. Somani Family Trust, who currently hold about 46.06% of the pre-issue equity. But after the IPO, the promoters' ownership level will dilute as this offering is entirely a fresh issue of shares and this invites new shareholders in the company.
Board & Key Management
The board member of ESDS Software Solution Ltd., led by the founder Piyush Somani, serves as Managing Director, providing strategic direction for the firm's technological innovations and market expansion. The executive leadership handles the daily complexities of running multiple large-scale data centres. Independent Directors with decades of expertise in corporate finance, technology and governance ensure transparency, strategic oversight and strict compliance with IT regulatory mandates.
ESDS Software Solution IPO Financial Information
Latest Revenue
173.37
₹ Crore
Profit After Tax
23.93
₹ Crore
Net Worth
229.93
₹ Crore
Total Borrowing
163.71
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 601.78 | 173.37 | 23.93 | 229.93 | 231.48 | 163.71 | |||
| 31 Mar 2024 | 547.71 | 292.14 | 13.61 | 206.36 | 207.98 | 149.04 | |||
| 31 Mar 2023 | 500.70 | 212.24 | -22.46 | 195.34 | 196.31 | 164.83 | |||
| 31 Mar 2022 | 522.56 | 198.68 | -2.66 | 195.39 | 189.70 | 133.48 | |||
| Amount in ₹ Crore | |||||||||
ESDS Software Solution Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 6.23% |
| ROCE | 14.53% |
| RoNW | 6.60% |
| PAT Margin | 4.75% |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.36 | - |
| P/E (x) | - | - |
ESDS Software Solution IPO Objectives
The company intended to utilise the ESDS Software Solution IPO proceeds for strategic purposes:
- • Funding the purchase and installation of cloud computing equipment, software and critical infrastructure for the company's data centers
- • General corporate purposes
- • Working capital requirements
ESDS Software Solution IPO Review
The ESDS Software Solution Ltd. has a powerful market presence within the expanding digital infrastructure domain in India. Through its emphasis on sovereignty clouds and auto-scaling technologies, it has managed to carve a unique market position in front of the giant cloud service players in the world market. The location of its data centres and adherence to rigorous data localisation standards make it an ideal partner for governments and banks.
Financially, the company reported an increasing and growing financial profile. For FY24, total income was recorded at ₹292.14 crore, while PAT was at ₹13.61 crore. This trajectory of expanding revenues and stabilising margins reflects the successful scaling of long-term enterprise contracts.
Key strengths highlighted in the prospectus include R&D capability, high levels of retention by customers and the provision of an integrated offering. The risks associated with the project include stiff competition from existing major cloud players around the globe, ongoing and expensive technology upgrades and heavy dependency on government projects. In general, the objective of this IPO is solely geared towards scaling up server capacity, which fits well with the strategic goals of the organization.
Conclusion
ESDS Software Solution Ltd. offers the chance for investors to make an investment in a growing firm that requires substantial funds to expand its technology infrastructure. Based on the firm’s more than 20 years of experience in IT, with a range of products under its belt and valuable institutional associations. This makes the firm capable of harnessing the ongoing digital revolution in India, data localization policies and cloud computing initiatives.
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Competitive Strengths
Advanced "eNlight Cloud" technology is used for exclusive vertical auto-scaling and provides cost-effective and optimised solutions to customers.
"One-stop-shop" positioning that includes all-inclusive IaaS, SaaS and managed service offerings under one roof.
Established and strong ties with valuable clients in both BFSI and government segments, resulting in assured revenue visibility.
Green and energy-efficient data centres that comply with current environmental norms.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 22/12/2025 | - |
| 2 | Filed with SEBI/Exchange | 04/04/2025 | View DRHP |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | — | Over ₹200,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |