About ESDS Software Solution IPO
ESDS Software Solution IPO Details
The ESDS Software Solution IPO is a 100% book-built issue of ₹720 crore, entirely a fresh issue of up to 1.67 crore equity shares, with a face value of 1 per share. The company filed its DRHP with SEBI on March 30, 2025.
The price band of the issue is set between ₹408 and ₹429 per share and the lot size for an application is 34 shares. The minimum amount of investment required by an individual investor is ₹14,586 (34 shares). The IPO will be open for subscription from Aug 28 to Sep 1, 2026, on the BSE and the NSE platforms, with a tentative listing date fixed as Sep 4, 2026. 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
The ESDS Software Solution IPO is officially set to open for subscription on Aug 28, 2026 and will close on Sep 1, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on March 30, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 2, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 3, 2026. Finally, shares of ESDS Software Solution Ltd. are tentatively scheduled to list on the stock exchanges on Sep 4, 2026.
ESDS Software Solution IPO Timeline
| IPO Open Date | Fri, Aug 28, 2026 |
| IPO Close Date | Tue, Sep 1, 2026 |
| Tentative Allotment | Wed, Sep 2, 2026 |
| Initiation of Refunds | Thu, Sep 3, 2026 |
| Credit of Shares to Demat | Thu, Sep 3, 2026 |
| Tentative Listing Date | Fri, Sep 4, 2026 |
| Cut-off time for UPI mandate confirmation | - |
ESDS Software Solution IPO Details
| Detail | Description |
|---|---|
| IPO Date | 28 Aug to 1 Sep, 2026 |
| Listing Date | 4 Sep, 2026 |
| Face Value | ₹ 1 per share |
| Issue Price Band | ₹ 408 to ₹ 429 |
| Lot Size | 34 Shares |
| IPO Type | Fresh capital only |
| Total Issue Size | 1,67,83,216 shares (agg. up to ₹ 720 Cr) |
| Fresh Issue(Ex Market Maker) | 1,67,83,216 shares (agg. up to ₹ 720 Cr) |
| Issue Type | Initial Public Offering (IPO) |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,04,27,753 shares |
| Share Holding Post Issue | 11,72,10,969 shares |
ESDS Software Solution IPO raises ₹216.00 crore from anchor investors. ESDS Software Solution IPO Anchor bid date is Thu, Aug 27, 2026.
| Bid Date | Thu, Aug 27, 2026 |
| Shares Offered | 50,34,964 |
| Anchor Portion (₹ Cr.) | 216.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 2, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 1, 2026 |
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 ₹213, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹642, which is 49.65% 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.
IPO Estimated Listing Return
Based on the IPO Price of ₹429 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹213 and a lot size of 34 shares.
ESDS Software Solution IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 3 Sep 2026 | ₹429.00 | ₹213 | 3 Sep, 202605:18 PM |
| 2 Sep 2026 | ₹429.00 | ₹245 | 2 Sep, 202606:15 PM |
| 1 Sep 2026 | ₹429.00 | ₹257 | 1 Sep, 202602:56 PM |
| 31 Aug 2026 | ₹429.00 | ₹335 | 31 Aug, 202609:56 AM |
| 30 Aug 2026 | ₹429.00 | ₹372 | 30 Aug, 202609:51 AM |
| 29 Aug 2026 | ₹429.00 | ₹370 | 29 Aug, 202610:14 AM |
| 28 Aug 2026 | ₹429.00 | ₹370 | 29 Aug, 202610:14 AM |
| 27 Aug 2026 | ₹429.00 | ₹365 | 27 Aug, 202609:59 AM |
| 26 Aug 2026 | ₹429.00 | ₹330 | 26 Aug, 202602:38 PM |
| 25 Aug, 2026 | ₹429.00 | ₹293 | 25 Aug, 202601:41 PM |
Company Background
ESDS Software Solution Ltd. was incorporated on August 18, 2005, as a private limited company, “ESDS Software Solution Private Limited”. The company was operating as a data centre infrastructure and software solutions provider.
Over 2 decades (20+ years), the business has evolved significantly from a traditional IT services firm into one of only two well-known players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions.
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.
On July 8, 2021, with a fresh certificate of incorporation, the company converted into a public limited company to proceed with its public listing procedures.
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
ESDS Software Solution Ltd operates Tier III-certified, carrier-neutral data centres strategically located across major Indian tech hubs like Nashik, Mumbai, Bengaluru and Mohali. Built for enterprise, BFSI and government workloads, these facilities feature multi-layered physical security with biometric access, 24x7 NOC monitoring and VESDA fire suppression systems. The infrastructure delivers strong power redundancy, precision cooling and high-density GPU-ready rack capabilities supporting up to 20kW per rack.
Brands & Market Presence
ESDS Software Solution Ltd. is a prominent player in the cloud computing industry in 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 centres.
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.
Financial Performance
ESDS Software Solution Ltd. reported strong financial growth driven by expanding cloud, managed services and data centre operations. Over recent fiscal years, the firm's total revenue grew significantly, scaling from ₹361.35 crore in FY25 to ₹472.21 crore in FY26. Profits also rebounded sharply, with net profit surging to ₹120.82 crore in FY26, up from ₹55.61 crore in FY25. Profitability margins benefited from operational efficiencies, strong customer retention and high-margin service accounts. Bolstered by a healthy domestic order book and multi-year global service contracts, the business maintains a solid balance sheet position to support ongoing infrastructure and AI development initiatives.
Management & Shareholding
The promoters of ESDS Software Solution Ltd. are Piyush Prakashchandra Somani, Komal Piyush Somani and the P.O. Somani Family Trust. Before the IPO, the promoters held about a 46.06% stake in the company. After the IPO, the promoters' ownership level will be slightly diluted, as this offering is entirely a fresh issue of 1,67,83,216 shares.
Board & Key Management
The leadership of ESDS Software Solution Ltd. is led by a team of experts with many years of experience. Piyush Prakashchandra Somani serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as manages the daily operations, along with Whole-Time Director Komal Piyush Somani. To ensure good governance, the board includes Independent Directors Pamela Kumar, Venkatesh Natarajan and Thandankorai Ganapathy Dhandapani for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
ESDS Software Solution IPO Financial Information
Latest Revenue
₹ 472.21 Cr
Profit After Tax
₹ 120.82 Cr
Net Worth
₹ 528.81 Cr
Total Borrowing
₹ 42.92 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 (Consolidated) | 1,937.90 | 472.21 | 120.82 | 528.81 | 533.62 | 42.92 |
| 31 Mar 2025 (Consolidated) | 655.95 | 361.34 | 55.61 | 405.55 | 407.54 | 62.71 |
| 31 Mar 2024(Consolidated) | 547.71 | 286.52 | 13.61 | 206.36 | 216.62 | 149.04 |
| Amount in ₹ Crore | ||||||
ESDS Software Solution Key Performance Indicator
| KPI | Values(31 Mar 2026) |
|---|---|
| ROE | 25.12 % |
| ROCE | 32.78 % |
| Debt/Equity | 0.08 |
| RoNW | 22.85 % |
| PAT Margin | 25.59 % |
| EBITDA Margin | 49.60 % |
| NAV | 52.66 |
| Price to Book Value | 8.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.03 | 10.31 |
| P/E (x) | 35.66 | 41.61 |
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
ESDS Software Solution IPO Review
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 FY26, revenue was recorded at ₹472.21 crore, while PAT was at ₹120.82 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. Overall, the IPO is solely geared towards scaling up server capacity, which fits well with the strategic goals of the organisation.
Conclusion
ESDS Software Solution IPO is a chance to invest in a growing firm that provides scalable IT infrastructure, disaster recovery and software solutions to help businesses navigate digital transformation. With over 2 decades of operations, the company has become one of only two well-known players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions. With this listing, the company aims to fund its purchase and installation of cloud computing and other infrastructure.
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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.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 34 | 14,586 |
| Individual investors (Retail) (Max) | 13 | 442 | 1,89,618 |
| S-HNI (Min) | 14 | 476 | 2,04,204 |
| S-HNI (Max) | 68 | 2,312 | 9,91,848 |
| B-HNI (Min) | 69 | 2,346 | 10,06,434 |