ESDS Software Solution’ initial public offering (IPO) is set to open for subscription on August 28, 2026. According to the Red Herring Prospectus (RHP), the ₹720.00 crore book-built issue comprises a fresh issue of up to 1.68 crore equity shares, with no offer for sale (OFS) component.

The IPO will remain open until September 1, 2026. The basis of allotment is expected to be finalised on September 2, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 35% of the Net Issue
Retail Individual Investors (RII)	Not more than 15% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹429 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	34	₹14,586
Retail (Maximum)	13	442	₹1,89,618
sNII (Minimum)	14	476	₹2,04,204
bNII (Minimum)	69	2,346	₹10,06,434

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 provider of cloud, managed services, data centre infrastructure and software solutions in India. It is one of only two players offering the full spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions, and was the largest among them by revenue from operations in Fiscal 2026, at ₹4,722.10 million.

Its offerings include IaaS, managed services and SaaS, enabling secure, flexible, scalable and cost-efficient cloud adoption. ESDS Software Solution Limited serves customers across BFSI, Government and Enterprises, and served 2,501 customers in Fiscal 2026.

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