Issue Price
₹429
Per Share
GMP
+₹216
+50.35% Grey Market
Est. Listing
₹645
Expected Price
Min. Application
₹29,172
2 lots × 34 shares
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.StrengthsLeading Position in Cloud, Managed Services and Data Centre Solutions.Comprehensive Security-as-a-Service (SECaaS) Framework.Long-term Relationships with Banks and Enterprises.Strong Government Partnerships and Policy Advocacy.AI-driven Innovations and Patented Technology.Transparent and Flexible Customised Billing System.Experienced Directors, KMPs and Senior Management.
ESDS Software Solution Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 8,391,607 | — | ₹360.00 Cr | 110.38x |
| NII / HNI | 2,517,483 | — | ₹108.00 Cr | 201.21x |
| Retail (RII) | 5,874,126 | — | ₹252.00 Cr | 40.24x |
| TOTAL | 16,783,216 | 100.00% | ₹720.00 Cr | 99.45x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,586 |
| Retail (Max) | 13 | 442 | ₹189,618 |
| sNII (Min) | 14 | 476 | ₹204,204 |
| bNII (Min) | 69 | 2,346 | ₹1,006,434 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 480.65 | 376.64 | 292.14 |
| EBITDA | 234.23 | 154.89 | 101.88 |
| Profit After Tax (PAT) | 120.82 | 55.61 | 13.61 |
| Net Worth | 528.81 | 405.55 | 206.36 |
| Total Assets | 1937.90 | 655.95 | 547.71 |
| Reserves & Surplus | 533.62 | 407.54 | 216.62 |
| Total Borrowings | 42.92 | 62.71 | 149.04 |