ESDS Software Solution IPO Details
ESDS Software Solution IPO Summary
ESDS Software Solution IPO opens for subscription on 28 Aug 2026 and closes on 01 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 04 Sep 2026.
ESDS Software Solution IPO price band has been fixed at ₹408 – ₹429 per share. The face value is ₹1 per share with a lot size of 34.
ESDS Software Solution IPO total issue size comprises 1,67,83,216 shares (aggregating up to ₹720.00 Cr). This includes a fresh issue of 1,67,83,216 shares (aggregating up to ₹720.00 Cr). Pre-issue shareholding stands at 10,04,27,753, which will increase to 11,72,10,969 post-issue.
ESDS Software Solution IPO carries a ₹311 (72.49%) GMP, reflecting investor sentiment.
ESDS Software Solution IPO Lot Size :Retail Minimum is 1 lot (34 shares) amounting to ₹14,586. Retail Maximum is 13 lots (442 shares) amounting to ₹1,89,618. SHNI Minimum is 14 lots (476 shares) amounting to ₹2,04,204. SHNI Maximum is 68 lots (2,312 shares) amounting to ₹9,91,848. BHNI Minimum is 69 lots (2,346 shares) amounting to ₹10,06,434.
ESDS Software Solution IPO Details
ESDS Software Solution IPO Subscription
ESDS Software Solution IPO Application Wise Breakup (Approx)
ESDS Software Solution IPO Dates
- 28 Aug 2026Opening dateOpen
- 01 Sep 2026Closing dateClose
- 02 Sep 2026Allotment Date Allotment
- 03 Sep 2026Initiation of RefundsRefund
- 03 Sep 2026Credit of SharesCredit
- 04 Sep 2026Listing dateListing
ESDS Software Solution IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 34 | ₹14,586 |
| Retail Maximum | 13 | 442 | ₹1,89,618 |
| SHNI Minimum | 14 | 476 | ₹2,04,204 |
| SHNI Maximum | 68 | 2312 | ₹9,91,848 |
| BHNI Minimum | 69 | 2346 | ₹10,06,434 |
ESDS Software Solution IPO Reservation
Promoter Holding
Documents
ESDS Software Solution IPO Valuations
ESDS Software Solution Financial Information
| 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 | |||
About ESDS Software Solution IPO
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.
Strength Of ESDS Software Solution IPO
- We are an AI enabled cloud, managed services, Data Centre infrastructure and software solutions provider in India.
- Our comprehensive Security-as-a-Service (SECaaS) framework enables businesses to proactively manage threats and achieve robust security and compliance objectives.
- We have long-term relationships with well-established banks and other businesses.
- Strong Government Partnerships and Policy Advocacy.
- AI-driven innovations and patented technology.
- Transparent and flexible customized billing system.
- Strength and experience of our directors, key managerial personnel and senior management team.
Risk Of ESDS Software Solution IPO
- If we fail to innovate in response to new technological changes and technological innovations, or adapt to technological developments or evolving industry standards, our business, financial condition, and results of operations could be adversely affected.
- Our revenue, directly or indirectly, from government entities and government projects represented 27.37%, 29.52%, and 34.04% of our revenue from operations for Fiscals 2026, 2025 and 2024, respectively. Any changes in government policies or budgetary allocations or our ability to satisfy eligibility and selection criteria in relation to outsourcing of services may adversely affect our business, financial condition, results of operations and cash flows.
- ESDS Cloud FZ-LLC, our Company's subsidiary, had a loss of Rs.40.46 million and Rs.60.19 million for Fiscals 2025 and 2024, respectively. These losses represented (7.28%) and (44.23%) of our profit for the year for Fiscals 2025 and 2024, respectively. Although ESDS Cloud FZ-LLC had a profit for the year of Rs.54.62 million for Fiscal 2026, there can be no assurance that ESDS Cloud FZ-LLC will not incur a loss for the year in the future. If ESDS Cloud FZ-LLC were to experience a loss for the year over continuous fiscal years, especially if the losses were large, its ability to operate its business as a going concern may be adversely affected, which may require it to raise additional financing, which may not be available, and it would adversely affect our consolidated financial condition, results of operations and cash flows. In addition, our Company could lose its investment in ESDS Cloud FZLLC and may not repay the money it has lent to ESDS Cloud FZ-LLC, which would have an adverse effect on its financial condition on a standalone basis.
- Any unauthorized access to our network or data could harm our reputation, create additional liability and adversely affect our financial condition, results of operations and cash flows.
- In Fiscal 2026, our revenue from our top client and top 10 clients represented 15.93% and 45.36% of our revenue from operations, respectively, and any loss or reduction of business from these clients could have a material adverse effect on our business, financial condition, results of operations and cash flows.
- A substantial portion of our assets are hypothecated or mortgaged in favour of lenders as security for some of our borrowings. As at March 31, 2026, 2025 and 2024, the total value of our hypothecated current assets as a percentage of our total current assets was 96.72%, 88.96% and 84.84%, respectively, and the total value of our mortgaged property, plant and equipment as a percentage of our total property, plant and equipment was 18.89%, 27.05% and 56.62%, respectively. Our lenders may enforce the security in the event of our failure to service our debt obligations, which could adversely affect our business, financial condition, results of operations and cash flows.
- If we are unable to collect receivables from, or bill our unbilled services to, our clients, our business, financial condition, results of operations and cash flows could be materially adversely affected.
- We are exposed to macroeconomic downturns and geopolitical tensions, trade policies, and regulatory changes in the countries we export to, which was primarily the United Arab Emirates for Fiscal 2026. Any downturn in the macroeconomic environment in the countries we export to, particularly, the United Arab Emirates, increases in trade barriers, or the imposition of sanctions or increase in the scope of sanctions, that we are required to comply with in countries that we export to could adversely affect our business, financial condition, results of operations and cash flows.
- Our business is highly dependent on our ability to allow our customers to have access to our services on a continuous and seamless basis or within an acceptable amount of time. If we are unable to prevent disruptions to customers' access to our services it could adversely affect our reputation, business, financial condition, results of operations and cash flows. We are typically required to furnish performance bank guarantees in connection with services or products provided by us. As at March 31, 2026, 2025 and 2024, the percentage of our performance bank guarantees as a percentage of our Net Worth was 9.95%, 11.65% and 20.36%, respectively.
- If we inadvertently infringe on the intellectual property rights of others, our business and results of operations may be adversely affected.
Objectives ESDS Software Solution IPO
1. Purchase and installation of cloud computing and other equipment and infrastructure for our Data Centres.
2. General corporate purposes
Company Contact Details
ESDS Software Solution Ltd.
Plot No. B- 24 & 25,
NICE Area, MIDC, Satpur,
Nashik – 422007, Maharashtra, India
Nashik, Maharashtra, 422007
Phone: +91 253 711 2244
Email: secretarial@esds.co.in
Website: https://www.esds.co.in/
Registrar Contact Details
ESDS Software Solution FAQs
The ESDS Software Solution IPO is a MAINBOARD public issue comprising 16783216 equity shares with a face value of ₹1 each, aggregating to a total issue size of ₹720.00 Cr. The issue price has been fixed at ₹429 per equity share, and the minimum application size is 34 shares.
The IPO opens for subscription on 28 Aug 2026, and closes on 01 Sep 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹311 (72.49%).
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