ESDS Software Solution IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,586
1 lot · 34 shares at the upper price band
Price band
₹429
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹720 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹429
- Issue size
- ₹720 Cr
- Lot size
- 34
- Opens
- 28 Aug 2026
- Closes
- 1 Sept 2026
- Allotment
- 2 Sept 2026
- Listing
- 4 Sept 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- MUFG Intime India Pvt.Ltd.
- Minimum investment
- ₹14,586 (1 lot · 34 shares)
- Face value
- ₹1 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹720 Cr
- Listing at
- BSE, NSE
- Refunds
- 3 Sept 2026
- Shares credited
- 3 Sept 2026
- Promoter holding
- 46.06% before · 39.47% after
- Lead managers
- Dam Capital Advisors Ltd., Systematix Corporate Services Ltd.
Offer documents & links
Subscription by category
As of 1 Sept 2026, 1:24 pm.
Total subscription
100.01x
Full issue details
Details as published for this issue, read 11 Sept 2026, 5:00 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 Aug to 1 Sep, 2026 |
|---|---|
| Listed on | Fri, Sep 4, 2026 |
| Face Value | ₹ 1 per share |
| Price Band | ₹408 to ₹429 |
| Issue Price | ₹429 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,67,83,216 shares (agg. up to ₹ 720 Cr) |
|---|---|
| Fresh Issue | 1,67,83,216 shares (agg. up to ₹ 720 Cr) |
| Share Holding Pre Issue | 10,04,27,753 shares |
| Share Holding Post Issue | 11,72,10,969 shares |
| BSE Script Code / NSE Symbol | 544898 / ESDS |
| ISIN | INE0DRI01029 |
IPO Timetable
- IPO Open
- Fri, Aug 28, 2026
- IPO Close
- Tue, Sep 1, 2026
- Allotment
- Wed, Sep 2, 2026
- Refund
- Thu, Sep 3, 2026
- Credit of Shares
- Thu, Sep 3, 2026
- Listing
- Fri, Sep 4, 2026
Issue Reservation
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 83,91,607 | 50.00% | NA |
| − Anchor Investor | 50,34,964 | 30.00% | NA |
| − QIB (Ex. Anchor) | 33,56,643 | 20.00% | NA |
| NII (HNI) | 25,17,483 | 15.00% | NA |
| − bNII > ₹10L | 16,78,322 | 10.00% | 3,525 |
| − sNII < ₹10L | 8,39,161 | 5.00% | 1,762 |
| Retail | 58,74,126 | 35.00% | 1,72,768 |
| Total | 1,67,83,216 | 100.00% | — |
ESDS Software Solution IPO comprises a total issue size of 1,67,83,216 shares. Out of which, 83,91,607 (50.00%) are allocated to QIB , 25,17,483 (15.00%) allocated to NII 58,74,126 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,586 |
| Retail (Max) | 13 | 442 | ₹1,89,618 |
| S-HNI (Min) | 14 | 476 | ₹2,04,204 |
| S-HNI (Max) | 68 | 2312 | ₹9,91,848 |
| B-HNI (Min) | 69 | 2346 | ₹10,06,434 |
Investors can bid for a minimum of 34 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| 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 raises ₹ 216.00 crore from anchor investors . ESDS Software Solution IPO Anchor bid date is August 27, 2026 .
IPO Anchor Investors List
About ESDS Software Solution Ltd.
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.
The Company's IaaS portfolio includes colocation and Data Centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-Service (GPUaaS). It operates five Tier 3 Data Centres across India, covering over 75,266 sq. ft., supported by redundant power, disaster recovery infrastructure and 24/7 services. Its managed services include cloud and Data Centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps services.
The Company also develops proprietary technology solutions, including SWARAJ Cloud, its patented cloud autoscaling technology, which has been further developed into an AI-enabled cloud platform focused on data sovereignty, scalability, security, compliance and AI capabilities. Its SaaS portfolio includes Data Centre management tools, vulnerability scanners, web access firewalls, VPN solutions and AI-powered GPU monitoring solutions.
The Company's operations are supported by 993 employees as of June 30, 2026, across Data Centre operations, cloud infrastructure, security management, R&D, sales, service delivery and other functions.
Strengths
Leading Position in Cloud, Managed Services and Data Centre Solutions.
Comprehensive Security-as-a-Service (SECaaS) Framework.
Long-term Relationships with Banks and Enterprises.
Strong Government Partnerships and Policy Advocacy.
AI-driven Innovations and Patented Technology.
Transparent and Flexible Customised Billing System.
Experienced Directors, KMPs and Senior Management.
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 1,937.90 | 655.95 | 547.71 |
| Total Income | 480.65 | 376.64 | 292.14 |
| Profit After Tax | 120.82 | 55.61 | 13.61 |
| EBITDA | 234.23 | 154.89 | 101.88 |
| NET Worth | 528.81 | 405.55 | 206.36 |
| Reserves and Surplus | 533.62 | 407.54 | 216.62 |
| Total Borrowing | 42.92 | 62.71 | 149.04 |
| Amount in ₹ Crore |
ESDS Software Solution Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in IT Enabled Services
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Xtranet Technologies Ltd. | Mainboard | ₹166.80 Cr | ₹127 | 12.21 | ₹129.20 | +1.73% | ₹285.59 |
| Amagi Media Labs Ltd. | Mainboard | ₹1,788.62 Cr | ₹361 | -101.78 | ₹348.25 | -3.53% | ₹572.05 |
| Excelsoft Technologies Ltd. | Mainboard | ₹500.00 Cr | ₹120 | 34.62 | ₹125.97 | +4.97% | ₹80.08 |
| Prodocs Solutions Ltd. | SME | ₹27.60 Cr | ₹138 | 14.72 | ₹151.20 | +9.57% | ₹151.20 |
| Exato Technologies Ltd. | SME | ₹37.45 Cr | ₹140 | 11.19 | ₹279.30 | +99.50% | ₹770.00 |
| Infinity Infoway Ltd. | SME | ₹24.42 Cr | ₹155 | 13.81 | ₹309.20 | +99.48% | ₹539.00 |
| Praruh Technologies Ltd. | SME | ₹23.50 Cr | ₹63 | 9.47 | ₹64.25 | +1.98% | ₹125.00 |
| Matrix Geo Solutions Ltd. | SME | ₹40.20 Cr | ₹104 | 19.02 | ₹99.15 | -4.66% | ₹65.55 |
| TechD Cybersecurity Ltd. | SME | ₹38.99 Cr | ₹193 | 32.51 | ₹385.00 | +99.48% | ₹601.40 |
| Optivalue Tek Consulting Ltd. | SME | ₹51.82 Cr | ₹84 | 11.93 | ₹102.60 | +22.14% | ₹181.30 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres. | 576.00 |
| 2 | General Corporate Purposes | 91.05 |
| 3 | Issue Expenses | 52.95 |
| Total | 720.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 25.12% | 17.27% |
| ROCE | 32.78% | 24.73% |
| Debt/Equity | 0.08 | 0.15 |
| RoNW | 22.85% | 13.71% |
| PAT Margin | 25.59% | 15.39% |
| EBITDA Margin | 49.60% | 42.86% |
| NAV | 52.66 | — |
| Price to Book Value | 8.15 | — |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.03 | 10.31 |
| P/E (x) | 35.66 | 41.61 |
| Market Cap at Offer Price | ₹4,308Cr. | ₹10,647.44 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 46.06% | 39.47% |
| Public | 53.94% | 60.53% |
| Total | 100% | 100% |
Company Promoters: Piyush Prakashchandra Somani, Komal Piyush Somani and P.O.Somani Family Trust.
ESDS Software Solution IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 17 | 1 | 0 | 0 |
| Members | 2 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 274.97 | 33,56,643 | 92,29,92,424 |
| NII | 202.87 | 25,17,483 | 51,07,16,856 |
| bNII (> ₹10L) | 219.59 | 16,78,322 | 36,85,36,268 |
| sNII (< ₹10L) | 169.43 | 8,39,161 | 14,21,80,588 |
| Retail | 41.68 | 58,74,126 | 24,48,54,060 |
| Total | 142.88 | 1,17,48,252 | 1,67,85,63,340 |
The ESDS Software Solution IPO is subscribed 142.88 times on September 1, 2026 6:54:13 PM (Day 3). The public issue subscribed 41.68 times in the retail category, 274.97 times in the QIB category, and 202.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 63,01,696
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission | 21.36 |
| 2 | Commission/processing fee for SCSBs and Sponsor Banks. Brokerage, underwriting commission and selling commission, uploading charges and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.60 |
| 3 | Fees payable to the Registrar to the Issue | 0.76 |
| 4 | Advertising and marketing expenses | 4.52 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 9.34 |
| 6 | Printing and distribution of stationery | 0.71 |
| 7 | Fees payable to legal counsels | 7.37 |
| 8 | Fees payable to Statutory Auditors, practicing company secretary, IT consultant and industry service provider in relation to the Issue | 1.76 |
| 9 | Miscellaneous | 3.54 |
| Total | 52.95 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 429.00 | ₹ 429.00 |
| Open | ₹ 746.30 | ₹ 757.00 |
| Low | ₹ 746.30 | ₹ 756.00 |
| High | ₹ 895.55 | ₹ 908.40 |
| Last Trade | ₹ 895.55 | ₹ 908.40 |
Check IPO Performance…
IPO Registrar
MUFG Intime India Pvt.Ltd.
022-49186000
esdssoftware.ipo@in.mpms.mufg.com
IPO Lead Manager(s)
Dam Capital Advisors Ltd.
Systematix Corporate Services Ltd.
Contact Details
ESDS Software Solution Ltd. Address
Plot No. B- 24 & 25,
NICE Area, MIDC,
Satpur
Nashik, Maharashtra , 422007
+91 253 711 2244
secretarial@esds.co.in
ESDS Software Solution IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
From ₹429 to ₹1,560: ESDS share price zooms 260% in five sessions, become best-performing IPO of 2026
Fortune India · 10 Sept 2026
ESDS Software shares rally 10%, skyrocket 235% from IPO price in 4 days. Should you buy or sell?
The Economic Times · 9 Sept 2026
ESDS Software Solution shares hit upper circuit for fourth consecutive day; how the stock is performing vs IPO issue price
Upstox · 9 Sept 2026
Up 230% in 4 sessions! ESDS Software Solution share price hits 10% upper circuit | Should you buy the newly listed stock
Livemint · 9 Sept 2026
ESDS Software Solution share price hits 20% upper circuit - up 200% from IPO price in just 3 sessions; should you buy?
TradingView · 8 Sept 2026
ESDS Share Price hits 20% upper circuit again. Shares up 200% from IPO issue price.
India Infoline · 8 Sept 2026
Explosive Gains! ESDS Software shares skyrocket 195% from IPO price in 3 sessions
The Economic Times · 8 Sept 2026
ESDS Software Solution shares defy gravity; surge 200% in three sessions after stellar IPO debut
Fortune India · 8 Sept 2026
