ESDS Software Solution IPO opens August 28: price band set at ₹408 to ₹429
- 25th August 2026
- 02:00 PM
- 3 min read
Summary
ESDS Software Solution will open its ₹720 crore initial public offering on 28 August 2026, with a price band of ₹408 to ₹429 per share. The issue, entirely a fresh issue, closes on 1 September, with listing tentatively scheduled for 4 September on the BSE and NSE.Mumbai | 25 August 2026
ESDS Software Solution, a Nashik-based enterprise cloud and AI ecosystem provider, will open its initial public offering for subscription on 28 August 2026. The price band has been set at ₹408 to ₹429 per equity share, with anchor investor bidding a day earlier, on 27 August.
What is the price band and issue size of the ESDS Software Solution IPO?
The IPO comprises entirely a fresh issue of 1,67,83,216 equity shares of ₹1 face value each, aggregating up to ₹720 crore. No portion of the offer is an offer for sale, so the entire proceeds go to the company. The issue size was raised from the ₹600 crore planned in the draft red herring prospectus filed in March 2025, which SEBI approved in December 2025. The price band values ESDS Software Solution at ₹5,028.3 crore.
What are the lot size and key dates for the IPO?
Investors can bid for a minimum lot of 34 equity shares, and in multiples thereof. At the upper price band, this works out to a minimum investment of ₹14,586 for retail investors, with a maximum retail investment of ₹1,89,618.
| Event | Date |
| Anchor investor bidding | 27 August 2026 |
| IPO opens | 28 August 2026 |
| IPO closes | 1 September 2026 |
| Allotment finalisation | 2 September 2026 |
| Listing (tentative) | 4 September 2026 |
| Investor category | Reservation |
| QIB | Not more than 50% of the offer |
| Retail | Not less than 35% of the net issue |
| NII | Not more than 15% of the issue |
What does ESDS Software Solution do?
ESDS Software Solution says it is one of only two players in India offering the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions. The company operates data centres in Airoli, Bengaluru, Nashik, Noida and Mohali, and is setting up additional centres in Kolkata and Sahibabad.
Of the net IPO proceeds, ₹576 crore is earmarked for purchasing and installing cloud computing and other equipment and infrastructure at these data centres during FY27 and FY28, with the remainder for general corporate purposes.
In March 2026, the company entered a strategic AI cloud infrastructure agreement with an Australia-based neocloud AI compute service provider, with an initial term of five years and an option to extend by two more, and an aggregate contract value of US$1,250 million. Revenue from the agreement is expected to commence in the third quarter of FY27.
Promoters, including Piyush Prakashchandra Somani and others, hold a 46.06% stake in the company, while public shareholders hold 52.65%, including Mukul Mahavir Agrawal (6.99%), Ashish Kacholia (2.39%) and Anchorage Capital Fund (1.32%).
The company’s profit for the year ended March 2026 more than doubled to ₹120.8 crore from ₹55.6 crore a year earlier, while revenue rose 30.7% to ₹472.2 crore from ₹361.3 crore. DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers for the issue.
Stay updated on Indian equity and commodity markets. Read more market news on PL Capital.
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
