ESDS Software Solution IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 28 to Sep 01 2026
Price Band
₹408 - 429
Current GMP
₹757.0 (+76.46%)
Subscription
142.88 times
IPO Details
| IPO Date | 28 Aug to 1 Sep, 2026 |
| Listed on | Fri, Sep 4, 2026 |
| Face Value | ₹ 1 per share |
| Price Band | ₹408 to ₹429 |
| Issue Price | ₹429 per share |
| Lot Size | 34 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,67,83,216 shares (agg. up to ₹ 720 Cr) |
| Fresh Issue | 1,67,83,216 shares (agg. up to ₹ 720 Cr) |
| Share Holding Pre Issue | 10,04,27,753 shares |
| Share Holding Post Issue | 11,72,10,969 shares |
| BSE Script Code / NSE Symbol | 544898 / ESDS |
| ISIN | INE0DRI01029 |
IPO Date
28 Aug to 1 Sep, 2026
Listed on
Fri, Sep 4, 2026
Face Value
₹ 1 per share
Price Band
₹408 to ₹429
Issue Price
₹429 per share
Lot Size
34 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
1,67,83,216 shares (agg. up to ₹ 720 Cr)
Fresh Issue
1,67,83,216 shares (agg. up to ₹ 720 Cr)
Share Holding Pre Issue
10,04,27,753 shares
Share Holding Post Issue
11,72,10,969 shares
BSE Script Code / NSE Symbol
544898 / ESDS
ISIN
INE0DRI01029
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 274.97 |
| NII | 202.87 |
| bNII (> ₹10L) | 219.59 |
| sNII (< ₹10L) | 169.43 |
| Retail | 41.68 |
| Total ** | 142.88 |
Anchor
1
QIB (Ex Anchor)
274.97
NII
202.87
bNII (> ₹10L)
219.59
sNII (< ₹10L)
169.43
Retail
41.68
Total **
142.88
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Aug 2 8 (Day 1) | 0.01 | 3.70 | 2.52 | 6.04 | 2.84 | 2.21 |
| Aug 3 1 (Day 2) | 0.76 | 73.34 | 72.23 | 75.55 | 19.67 | 25.77 |
| Sep 1 (Day 3) | 274.97 | 202.87 | 219.59 | 169.43 | 41.68 | 142.88 |
DayAug 2
8 (Day 1)
QIB (Ex Anchor)0.01
NII3.70
NII (> ₹10L)2.52
NII (< ₹10L)6.04
Retail2.84
Total2.21
DayAug 3
1 (Day 2)
QIB (Ex Anchor)0.76
NII73.34
NII (> ₹10L)72.23
NII (< ₹10L)75.55
Retail19.67
Total25.77
DaySep 1
(Day 3)
QIB (Ex Anchor)274.97
NII202.87
NII (> ₹10L)219.59
NII (< ₹10L)169.43
Retail41.68
Total142.88
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 04-09-2026 | 429 | 244 (56.88%) | 673 |
| 03-09-2026 | 429 | 247 (57.58%) | 676 |
| 02-09-2026 | 429 | 252 (58.74%) | 681 |
| 01-09-2026 | 429 | 255 (59.44%) | 684 |
| 31-08-2026 | 429 | 316 (73.66%) | 745 |
| 30-08-2026 | 429 | 335 (78.09%) | 764 |
| 29-08-2026 | 429 | 372 (86.71%) | 801 |
| 28-08-2026 | 429 | 360 (83.92%) | 789 |
| 27-08-2026 | 429 | 325 (75.76%) | 754 |
| 26-08-2026 | 429 | 365 (85.08%) | 794 |
| 25-08-2026 | 429 | 275 (64.10%) | 704 |
GMP Date04-09-2026
IPO Price429
GMP244 (56.88%)
Est. Listing Price673
GMP Date03-09-2026
IPO Price429
GMP247 (57.58%)
Est. Listing Price676
GMP Date02-09-2026
IPO Price429
GMP252 (58.74%)
Est. Listing Price681
GMP Date01-09-2026
IPO Price429
GMP255 (59.44%)
Est. Listing Price684
GMP Date31-08-2026
IPO Price429
GMP316 (73.66%)
Est. Listing Price745
GMP Date30-08-2026
IPO Price429
GMP335 (78.09%)
Est. Listing Price764
GMP Date29-08-2026
IPO Price429
GMP372 (86.71%)
Est. Listing Price801
GMP Date28-08-2026
IPO Price429
GMP360 (83.92%)
Est. Listing Price789
GMP Date27-08-2026
IPO Price429
GMP325 (75.76%)
Est. Listing Price754
GMP Date26-08-2026
IPO Price429
GMP365 (85.08%)
Est. Listing Price794
GMP Date25-08-2026
IPO Price429
GMP275 (64.10%)
Est. Listing Price704
IPO Important Dates
| IPO Open | Fri, Aug 28, 2026 |
| IPO Close | Tue, Sep 1, 2026 |
| Allotment | Wed, Sep 2, 2026 |
| Refund | Thu, Sep 3, 2026 |
| Credit of Shares | Thu, Sep 3, 2026 |
| Listing | Fri, Sep 4, 2026 |
IPO Open
Fri, Aug 28, 2026
IPO Close
Tue, Sep 1, 2026
Allotment
Wed, Sep 2, 2026
Refund
Thu, Sep 3, 2026
Credit of Shares
Thu, Sep 3, 2026
Listing
Fri, Sep 4, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,586 |
| Retail (Max) | 13 | 442 | ₹1,89,618 |
| S-HNI (Min) | 14 | 476 | ₹2,04,204 |
| S-HNI (Max) | 68 | 2,312 | ₹9,91,848 |
| B-HNI (Min) | 69 | 2,346 | ₹10,06,434 |
ApplicationRetail (Min)
Lots1
Shares34
Amount₹14,586
ApplicationRetail (Max)
Lots13
Shares442
Amount₹1,89,618
ApplicationS-HNI (Min)
Lots14
Shares476
Amount₹2,04,204
ApplicationS-HNI (Max)
Lots68
Shares2,312
Amount₹9,91,848
ApplicationB-HNI (Min)
Lots69
Shares2,346
Amount₹10,06,434
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 |
Period EndedAssets
31 Mar 20261,937.90
31 Mar 2025655.95
31 Mar 2024547.71
Period EndedTotal Income
31 Mar 2026480.65
31 Mar 2025376.64
31 Mar 2024292.14
Period EndedProfit After Tax
31 Mar 2026120.82
31 Mar 202555.61
31 Mar 202413.61
Period EndedEBITDA
31 Mar 2026234.23
31 Mar 2025154.89
31 Mar 2024101.88
Period EndedNET Worth
31 Mar 2026528.81
31 Mar 2025405.55
31 Mar 2024206.36
Period EndedReserves and Surplus
31 Mar 2026533.62
31 Mar 2025407.54
31 Mar 2024216.62
Period EndedTotal Borrowing
31 Mar 202642.92
31 Mar 202562.71
31 Mar 2024149.04
Key Performance Indicator
| ROE | 25.12% |
| ROCE | 32.78% |
| Debt/Equity | 0.08 |
| RoNW | 22.85% |
| PAT Margin | 25.59% |
| EBITDA Margin | 49.60% |
| NAV | 52.66 |
| Price to Book Value | 8.15 |
ROE
25.12%
ROCE
32.78%
Debt/Equity
0.08
RoNW
22.85%
PAT Margin
25.59%
EBITDA Margin
49.60%
NAV
52.66
Price to Book Value
8.15
IPO Reservation
| QIB | 83,91,607 |
| − Anchor Investor | 50,34,964 |
| − QIB (Ex. Anchor) | 33,56,643 |
| NII (HNI) | 25,17,483 |
| − bNII > ₹10L | 16,78,322 |
| − sNII < ₹10L | 8,39,161 |
| Retail | 58,74,126 |
| Total | 1,67,83,216 |
QIB
83,91,607
− Anchor Investor
50,34,964
− QIB (Ex. Anchor)
33,56,643
NII (HNI)
25,17,483
− bNII > ₹10L
16,78,322
− sNII < ₹10L
8,39,161
Retail
58,74,126
Total
1,67,83,216
Information about company
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.
Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres.
2: General Corporate Purposes
3: Issue Expenses
: Total
Disclaimer
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