- Issue price
- ₹429per share
- Issue size
- ₹720 Cr1,67,83,216 shares
- Face value
- ₹1per equity share
- Lot size
- 34 sharesMin. ₹14,586 at the upper price
- Anchor biddingThu, 2026
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentThu, 2026Refunds and Demat credit same day
- ListingFri, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 1,67,83,216 shares (₹720 Cr)
- Offer for sale
- None
- Total issue
- 1,67,83,216 shares (₹720 Cr)
- Face value
- ₹1
- Listing at
- BSE, NSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail35.0%
- Anchor30.0%
- QIB ex-anchor20.0%
- Small NII10.0%
- Big NII5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 58,74,126 | 35.00% | 35% |
| Non-institutional investors (NII) | 25,17,483 | 15.00% | 15% |
| Small NII (₹2–10 lakh) | 16,78,322 | 10.00% | — |
| Big NII (above ₹10 lakh) | 8,39,161 | 5.00% | — |
| Qualified institutional buyers (QIB) | 83,91,607 | 50.00% | 50% |
| QIB, excluding anchor | 33,56,643 | 20.00% | — |
| Anchor investors | 50,34,964 | 30.00% | — |
| Market maker | — | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹429 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 34 | ₹14,586 |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2026, pre-issue- EPS (basic)
- ₹12.03
- EPS (diluted)
- ₹11.81
- P/E (FY 2026 basic EPS at floor price)
- 33.92×
- P/E (FY 2026 basic EPS at cap price)
- 35.66×
- RoNW
- 22.85%
- ROCE
- 32.78%
- NAV per share (As on March 31, 2026)
- ₹52.66
- NAV per share (After the Issue at Issue Price)
- ₹106.54
- Debt to equity
- 0.08
- EBITDA margin
- 49.60%
- PAT margin
- 25.59%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2026FY 2026 | 31 Mar 2025FY 2025 | 31 Mar 2024FY 2024 |
|---|---|---|---|
| Revenue from operations | 472.21 | 361.34 | 286.52 |
| Total income | 480.65 | 376.64 | 292.14 |
| EBITDA | 234.23 | 154.89 | 101.88 |
| Profit after tax | 120.82 | 55.61 | 13.61 |
| Net worth | 528.81 | 405.55 | 206.36 |
| Reserves and surplus | 533.62 | 407.54 | 216.62 |
| Total assets | 1,937.90 | 655.95 | 547.71 |
FY 2026 vs FY 2025: revenue +30.7%, profit after tax +117.3%.
Source: ProspectusUpdated
About the company
Provides AI-enabled cloud infrastructure, managed services, data centre infrastructure and software solutions in India. Its offerings span infrastructure-as-a-service, managed services and software-as-a-service, and it operates several data centres in the country.
- Incorporated
- 2005
- Industry
- Cloud Services and Data Centre
- CIN
- U72200MH2005PLC155433
- Website
- esds.co.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Promoters (Piyush Prakashchandra Somani, Komal Piyush Somani and P.O. Somani Family Trust), aggregate | 45.86% | — |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase and installation of cloud computing and other equipment and infrastructure for relevant data centres | 576.00 |
| General corporate purposes | 91.05 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| ESDS Software Solution LimitedIssuer | ₹12.03 | — | 22.85% | ₹52.66 |
| E2E Networks Limited | -₹0.78 | -804.97× | -0.92% | ₹81.97 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Positions itself as one of only two players in India offering the full range of cloud, managed services, data centre and software solutions.
- Holds a patent for its autoscaling cloud technology in India and the United States.
- Serves a broad base of banking, government and enterprise customers, with 2,501 customers in FY 2026.
- Operates data centres that have Tier 3 status and are supported by a partnership with STPI.
- Has revenue growing from FY 2024 to FY 2026 and a rising EBITDA margin.
Risks
- Revenue from government entities and projects was about 27% of revenue in FY 2026, so policy and budget changes could affect the business.
- Its subsidiary ESDS Cloud FZ-LLC recorded losses in FY 2024 and FY 2025.
- The equipment to be bought from the net proceeds has not yet been ordered, so delays or cost overruns are possible.
- R&D spending as a share of revenue has fallen, and cloud infrastructure may become obsolete as technology changes.
- The Issue is the company's first public offer, so there is no existing market and the share price after listing is uncertain.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹429) appear here after the shares list on BSE and NSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Esds Software Solution IPO open and close?
According to the Prospectus, the issue opens on Friday, 28 August 2026 and closes on Tuesday, 1 September 2026.
What is the Esds Software Solution IPO price band?
The final issue price is ₹429 per share.
What is the lot size of the Esds Software Solution IPO?
One lot is 34 shares, which is ₹14,586 at ₹429 per share.
Where will Esds Software Solution shares list?
On BSE and NSE. The tentative listing date is Friday, 4 September 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Esds Software Solution IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 3 September 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the BSE website or the NSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹576 Cr for purchase and installation of cloud computing and other equipment and infrastructure for relevant data centres, ₹91.05 Cr for general corporate purposes.
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Spotted something wrong?
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