ESDS Software Solution IPO
ESDS · BSE, NSE · Mainboard · IT - Software
Overview
Updated 12 days agoESDS Software Solution Limited is an AI-enabled cloud, managed services, and data center infrastructure provider in India. The company offers a comprehensive platform of cloud infrastructure and software solutions, including IaaS, managed services, and SaaS, catering to BFSI, government, and enterprise customers.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 34 | ₹14,586 |
| Retail (max) | 13 | 442 | ₹1,89,618 |
| sNII (min) | 14 | 476 | ₹2,04,204 |
| bNII (min) | 69 | 2,346 | ₹10,06,434 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 4 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | IT - Software |
| Price band | ₹408–429 |
| Final issue price | ₹429.00 |
| Face value | ₹1 per share |
| Lot size | 34 shares |
| Minimum investment | ₹14,586 |
| Issue size | ₹720 Cr |
| Fresh issue | ₹720 Cr |
| P/E at upper band | 35.7x |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | DAM Capital Advisors Limited, Systematix Corporate Services Limited |
| NSE symbol | ESDS |
| ISIN | INE0DRI01029 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
ESDS Software Solution Limited is an AI-enabled cloud, managed services, and data center infrastructure provider in India. The company offers a comprehensive platform of cloud infrastructure and software solutions, including IaaS, managed services, and SaaS, catering to BFSI, government, and enterprise customers. The company operates five data centers in India and provides end-to-end cloud adoption solutions aimed at reducing costs while providing security, flexibility, scalability, and reliability. ESDS has developed proprietary technologies like the SWARAJ Cloud and provides various managed services, including cloud managed services, data center managed services, and security managed services.
Objects of the issue — how the money will be used
- Purchase and installation of cloud computing and other equipment and infrastructure for our Relevant Data Centres (₹576 Cr)
- General corporate purposes
Key strengths
- AI-enabled cloud, managed services, and data center infrastructure provider
- Comprehensive platform of cloud infrastructure and software solutions (IaaS, SaaS, managed services)
- Strong government partnerships and policy advocacy
- Patented AI-driven innovations and technology (SWARAJ Cloud)
- Transparent and flexible customized billing system
- Experienced management team
Key risks
- Dependence on innovation to keep pace with rapid technological changes
- Significant revenue concentration from government entities and projects
- Potential losses from subsidiaries (e.g., ESDS Cloud FZ-LLC)
- Risks related to unauthorized access to network or data (cybersecurity)
- High revenue concentration from top clients
- Substantial portion of assets hypothecated or mortgaged to lenders
- Dependence on third-party data center premises (STPI)
- Exposure to macroeconomic downturns and geopolitical tensions
Promoters
Piyush Prakashchandra Somani, Komal Piyush Somani, P.O. Somani Family Trust
Decoded from the RHP with AI on 02-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 286.52 | -- | 13.61 | 547.71 | 206.36 | 149.04 |
| FY25 | 361.34 | -- | 55.61 | 655.95 | 405.55 | 62.71 |
| FY26 | 472.21 | -- | 120.82 | 1,937.90 | 528.81 | 42.92 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| ESDS Software Solution this issue | 472.2 | 12.03 | 35.7x | 22.85 | 52.66 |
| E2E Networks Limited | 245.6 | -0.78 | -805.0 | -0.92 | 81.97 |
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ENS EnterprisesENS · BSE · SME · IT - Software+9.6%21 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.