ESDS Software Solution's ₹720.00 crore initial public offering (IPO) opened for public subscription today, August 28, 2026, with a price band of ₹408 to ₹429 per share. As of 10:15 A.M on the first day of bidding, the issue had been subscribed 0.20 times.

The IPO will remain open for subscription until September 1, 2026. The basis of allotment is expected to be finalised on September 2, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 4, 2026.

ESDS Software Solution IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹720.00 crore
Fresh Issue: Up to ₹720.00 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹408 to ₹429 per share
Lot Size: 34 shares
Minimum Investment Amount (Retail Investor): ₹14,586 (34 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: DAM Capital Advisors Limited, Systematix Corporate Services Limited
Registrar: MUFG Intime India Private Limited

ESDS Software Solution IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	28 August 2026
Subscription Closing Date	1 September 2026
Basis of Allotment Date	2 September 2026
Refund Initiation Date	3 September 2026
Credit of Shares	3 September 2026
Listing on BSE and NSE	4 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

ESDS Software Solution IPO Day 1 Subscription Status

[August 28, 2026, 10:15 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.00x
Non-Institutional Investors (NIIs)	0.34x
Retail Individual Investors (RIIs)	0.26x
Total	0.20x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Purchase and installation of cloud computing and other equipment and infrastructure for the company’s Relevant Data Centres
General corporate purposes.

About ESDS Software Solution Limited

ESDS Software Solution Limited is an AI-enabled technology company providing cloud, managed services, data centre infrastructure, and software solutions in India. The company is one of only two players offering the full suite of GPU-as-a-Service (GPUaaS), cloud, managed services, data centre infrastructure, and software solutions, and was the largest by revenue in FY2026 with revenue from operations of ₹4,722.10 million.

Its portfolio includes Infrastructure-as-a-Service (IaaS), managed services, and Software-as-a-Service (SaaS), helping organisations adopt secure, scalable, and cost-efficient cloud infrastructure. In FY2026, ESDS served 2,501 customers across the BFSI, government, and enterprise sectors.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	472.21	361.34	286.52
EBITDA	234.23	154.89	101.88
Profit After Tax (PAT)	120.82	55.61	13.61