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IPO ·
BSE, NSE
ESDS Software Solution Ltd
Listed
Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India.
Issue details
Price band
₹408 – ₹429
Face value
₹1
Lot size
34 shares
Minimum investment
₹14,586
Issue size
₹720.00 Cr
Fresh issue
₹720.00 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
28 Aug 2026
Closes
1 Sep 2026
UPI mandate cut-off
5:00 PM on 1 Sep 2026
Allotment
2 Sep 2026
Refunds
3 Sep 2026
Shares in demat
3 Sep 2026
Listing
4 Sep 2026
Subscription and listing
Subscription
99.45x
Listing price
₹757
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Dam Capital Advisors, Systematix Corporate Services
Subscription by category
Total
99.45x
Total applications
60,71,523
Anchor investors
Amount raised
₹216.00 Cr
Bid date
27 Aug 2026
50% lock-in ends
2 Oct 2026
Rest lock-in ends
1 Dec 2026
Listing day
Issue price
₹429
Open
₹757.00
High
₹908.40
Low
₹756.00
Day close
₹908.40
Listing gain at open
+76.46%
Issue structure
Shares reserved per category and share of the total issue
QIB
83,91,607
50.00%
Anchor Investor
50,34,964
30.00%
QIB (Ex. Anchor)
33,56,643
20.00%
NII
25,17,483
15.00%
bNII > ₹10L
16,78,322
10.00%
sNII < ₹10L
8,39,161
5.00%
Retail
58,74,126
35.00%
Total
1,67,83,216
100.00%
Finaccle’s quick read
Apply
FY26 income up 28%, PAT up 117%, ROE 25.12%, D/E 0.08, post-issue P/E 41.61x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. The Company offers an end-to-end portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and enterprise segments. In Fiscal 2026, the Company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
25.12%
ROCE
32.78%
Debt / equity
0.08
PAT margin
25.59%
P/E post issue
41.61
Market cap
₹5,028.35 Cr
Use of IPO money
Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres.
₹576.00 Cr
General Corporate Purposes
₹91.05 Cr
Issue Expenses
₹52.95 Cr
Strengths
✓
Revenue up 28% in FY26 to ₹480.65 Cr
✓
PAT up 117% in FY26 to ₹120.82 Cr
✓
PAT margin of 25.59%
✓
ROE of 25.12% and ROCE of 32.78%
✓
Moderate leverage: debt to equity 0.08
Risks to watch
!
No major red flags in our screen; read the RHP for business-specific risks
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.