ESDS Software Solution Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹408 - ₹429
- Lot size
- 34 shares
- Issue amount
- ₹720 cr
- Total subscription
- 142.88×
- Opens
- 28 Aug 2026
- Closes
- 1 Sept 2026
- Allotment
- 2 Sept 2026
- Listing
- 4 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 1,67,83,216 shares
- Face value
- ₹1 per share
- Minimum investment
- ₹13,872
- Fresh issue
- ₹720 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,586
- Issue type
- Bookbuilding IPO
- Shares before issue
- 10,04,27,753
- Shares after issue
- 11,72,10,969
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 34 | ₹14,586 |
| sHNI | 14 | 476 | ₹2,04,204 |
| bHNI | 69 | 2,346 | ₹10,06,434 |
Share reservation
Subscription & GMP
Subscription by category
Reported 1 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,72,768 | 58,48,356 |
| HNIs(10L +) | 3,526 | 1,53,354 |
| HNIs (2-10L) | 1,763 | 2,83,809 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 144 | 39,596.37 |
| FIIs | 0 | 11,772.77 |
| FIs | 0 | 17,789.73 |
| Mutual Funds | 0 | 2,189.63 |
| Others | 0 | 7,844.24 |
| RETAIL | 252 | 10,504.24 |
| HNIs 2+ | 36 | 6,099.55 |
| HNIs 10+ | 72 | 15,810.21 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 12.03 | 5.83 | 1.35 |
| ROE | 25.12 | 17.27 | 6.23 |
| ROCE | 32.78 | 24.73 | 14.53 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 35.66 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| ESDS Software Solution Limited | 35.66 | 429.00 | 1.00 | 52.66 | 22.85 | 12.03 |
| E2E Networks Limited | -804.97 | 623.85 | 1.00 | 81.97 | -0.92 | -0.78 |
Company information
Company profile
Founded in 2005, ESDS Software is one of India’s leading managed cloud service providers, offering complete solutions for businesses looking to move to the cloud. The company provides services like cloud infrastructure (IaaS) through its own auto-scalable platform called eNlight Cloud, along with software services (SaaS) and managed services. ESDS serves a wide range of industries including government, banking, manufacturing, IT, telecom, real estate, pharma, retail, and education, with a presence across regions like APAC, Europe, the Middle East, the Americas, and Africa. It operates three data centres in India located in Navi Mumbai, Nashik, and Bengaluru, covering over 50,000 sq. ft. and connected through a high-speed 10 Gbps network.
Strengths
- End-to-End Technology Solutions: The company provides a wide range of technology services, including cloud solutions, managed services, data centre infrastructure and software solutions.
- Strong Security Services: The company offers Security-as-a-Service (SECaaS) to enterprises, BFSI institutions and government organizations. Its Security Operations Centre (SOC) helps monitor threats and improve security and compliance.
- Government & Policy Alignment: The company is well positioned to benefit from data localisation requirements and government regulations, which could increase demand for data centre infrastructure in India.
Risk factors
- Technology & Innovation Risk: The company operates in a fast-changing technology industry. Failure to adopt new technologies or keep up with industry changes could negatively impact its business and financial performance.
- Cybersecurity & Data Breach Risk: Cyberattacks, unauthorized access or data breaches could result in data loss, legal issues, penalties and damage to the company’s reputation.
- Service Disruption Risk: The company depends on uninterrupted access to its services. Internet outages, data centre issues, hardware or software failures and cybersecurity incidents could disrupt services and negatively affect the business.
Promoters
Piyush Prakashchandra Somani
Komal Piyush Somani
P.O. Somani Family Trust
Registrar & documents
Lead manager
Dam Capital Advisors Limited, Systematix Corporate Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. B- 24 & 25, NICE Area, MIDC, Satpur, Nashik – 422007, Maharashtra, India, Nashik, 422007
+91 253 711 2244
[email protected]Company website ↗Understanding ESDS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.