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  5. ESDS Software Solution IPO sets price band at ₹408-₹429 per share; check lot size, financials and key dates

Market News

ESDS Software Solution IPO sets price band at ₹408-₹429 per share; check lot size, financials and key dates

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on August 25, 2026, 15:04 IST

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SUMMARY

The ₹720 crore ESDS Software Solution IPO is an exclusive fresh issuance of 1.68 crore shares, with no offer-for-sale (OFS) component.

Incorporated in 2005, ESDS offers cloud, managed services, data centre infrastructure and software solutions. | Image: esds.co.in

Incorporated in 2005, ESDS offers cloud, managed services, data centre infrastructure and software solutions. | Image: esds.co.in

ESDS Software Solution Limited has declared a price band of ₹408 to ₹429 per share for its initial public offering. The issue will open on August 28 and conclude on September 1.

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The ₹720 crore initial share sale is exclusively a fresh issuance of 1.68 crore shares, with no offer for sale (OFS) component.

The net proceeds will be used for the purchase and installation of cloud computing and other requirements and infrastructure for relevant data centres and general corporate purposes.

"Our company expects that the listing of the equity shares on the stock exchanges will enhance our visibility and our brand image among our existing and potential customers and create a public market for the equity shares of our company," according to the red herring prospectus.

ESDS Software Solution IPO: Lot size

Bids can be made for at least one lot consisting of 34 shares and in multiples thereafter. Half of the net offer will be reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

ESDS Software Solution IPO: Allotment and listing date

EventDate
Subscription periodAugust 28 to September 1
Basis of allotmentSeptember 2
Initiation of RefundsSeptember 3
Credit of Shares to DematSeptember 3
Listing dateSeptember 4
Tempsens Instruments India IPO allotment: How to check status online on NSE, BSE, KFin Technologies; listing date, time here

ESDS Software Solution IPO: Financials

The company reported revenue from operations of ₹472.21 crore and a net profit of ₹120.82 crore in FY26. In FY25, the company posted revenue of ₹361.33 crore and a profit after tax of ₹55.61 crore.

Incorporated in 2005, ESDS offers cloud, managed services, data centre infrastructure and software solutions. It is among the two players in India providing the full spectrum of GPU-as-a-Service, cloud, data centre infrastructure, managed services and software solutions.

The shares of the company are proposed to be listed on the NSE and BSE.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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