Shares of ESDS Software Solution are set to debut on the BSE and NSE on September 4. Ahead of the listing, the company’s IPO is commanding a grey market premium (GMP) of around 56%, indicating strong investor sentiment and raising expectations of a substantial listing gain if the grey-market trend translates into actual market performance.
The IPO, which was open for subscription from August 28 to September 1, received an overwhelming response across investor categories. 88 times.
94 times the shares reserved for them. 51 times.
ESDS Software Solution had set the IPO price band at Rs 408–Rs 429 per share, with the total issue size pegged at Rs 720 crore. DAM Capital Advisors Ltd.
acted as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd.
was appointed as the registrar. Before the IPO opened, ESDS Software Solution raised Rs 216 crore from anchor investors.
34 lakh shares to anchor investors at Rs 429 per share. ESDS Software Solution IPO ProceedsThe proceeds from the ESDS Software Solution IPO will primarily be utilised to expand and strengthen the company’s data centre infrastructure.
Approximately Rs 576 crore is proposed to be allocated towards the purchase and installation of cloud computing equipment and other data centre infrastructure. The balance of the IPO proceeds will be used for general corporate purposes, providing the company with flexibility to meet its broader business and operational requirements.
Financial PerformanceESDS Software Solution Ltd. reported a significant improvement in its financial performance in FY26.
64 crore in FY25. 61 crore in the previous year.
The strong growth in both revenue and profitability reflects a notable improvement in the company’s financial performance during FY26. About ESDS Software SolutionIncorporated 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 spanning Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), catering to customers across the BFSI, government and enterprise segments. 10 million.
Its IaaS portfolio covers colocation and data centre services, as well as public, private, virtual private, hybrid and community cloud solutions and GPU-as-a-Service (GPUaaS). ESDS operates five Tier 3 data centres across India, spanning more than 75,266 sq.
