ESDS Software Solution Launches Rs 720‑Crore IPO at ₹408–₹429 per Share
NEWZA Editorial Team••Source: MoneyControl
NEWZAFinancial Intelligence Feed
⚡ Key Financial Takeaways
ESDS raises ₹720 crore through a fresh IPO priced ₹408–₹429, valuing the company at ₹5,028.3 crore.
Retail investors can invest minimum ₹14,586 (34 shares) and up to ₹1,89,618, with bids in multiples of 34 shares.
Net proceeds earmarked ₹576 crore for cloud data‑centre expansion; a US$1.25 B AI cloud contract with an Australian provider will generate revenue from Q3 FY27.
ESDS Software Solution IPO Overview Maharashtra‑based ESDS Software Solution, backed by investors Ashish Kacholia and Mukul Agrawal, has opened a Rs 720‑crore IPO on 28 August. The price band of ₹408–₹429 per share values the company at ₹5,028.3 crore. The offer closes on 1 September, with allotment expected by 2 September and trading slated for 4 September. The IPO is a 100 % fresh issue, so all proceeds will be received by the company. SEBI approved the draft red‑herring prospectus in December 2025.
Investor Participation & Pricing Retail investors can bid in multiples of 34 shares, with a minimum of 34 shares (₹14,586) and a maximum of ₹1,89,618. The one‑day anchor book opens on 27 August. After the close, the allotment process will finalize share distribution, and shares will be listed on the NSE and BSE from 4 September.
Strategic Growth & Use of Proceeds ESDS plans to deploy ₹576 crore of the net proceeds for cloud‑computing and data‑centre infrastructure across its existing sites in Airoli, Bengaluru, Nashik, Noida and Mohali, and new sites in Kolkata and Sahibabad for FY27 and FY28. The remaining funds will support general corporate purposes. In March 2026, ESDS signed a five‑year AI cloud infrastructure deal with an Australian provider, worth US$1.25 B, with a potential extension of two years. Revenue under this contract is expected to start in Q3 FY27. Financially, the company doubled FY25 profit to ₹120.8 crore and grew revenue by 30.7 % to ₹472.2 crore. The IPO will further strengthen ESDS’s position in the growing GPU‑aaS, cloud and AI services market in India.
