ESDS Software Solution IPO Day 3: Subscription Status, Timeline & Key Issue Details
ESDS Software Solution's ₹720.00 crore initial public offering (IPO) entered its final day of public subscription today, September 1, 2026, with a price band of ₹408 to ₹429 per share. As of 10:10 A.M on the third day of bidding, the issue had been subscribed 27.05 times.
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 3 Subscription Status
[September 1, 2026, 10:10 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.74x |
|
Non-Institutional Investors (NIIs) |
78.04x |
|
Retail Individual Investors (RIIs) |
20.24x |
|
Total |
27.05x |
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-powered technology company providing cloud computing, managed services, data centre infrastructure, and software solutions across India. It offers an integrated portfolio that includes GPU-as-a-Service (GPUaaS), cloud, managed services, and SaaS solutions, making it one of only two companies in India with such a comprehensive technology stack.
The company helps businesses build secure, scalable, and cost-efficient digital infrastructure through its IaaS, managed services, and software offerings. In FY2026, ESDS reported revenue from operations of ₹4,722.10 million and 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 |
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