ESDS Software Solution IPO: Issue booked over 24x on day 2; check key dates, category wise subscription

The initial public offering (IPO) of ESDS Software Solution continues to see good demand on the second day of subscription, with a total booking of 24.49 times on Monday, August 31.

Until 5 PM, the initial share sale of the firm had received bids for 30,25,13,368 shares as compared to 1,23,52,942 shares on offer, as per exchange data.

The non-institutional investor (NII) category was subscribed 69.73 times, while the retail individual investor (RII) segment saw 18.68 times subscription. However, the Qualified Institutional Buyers (QIB) portion was booked 0.72 times.

The issue got fully subscribed on the first day of opening.

ESDS Software Solution IPO aims to raise ₹720 crore through its public issue. This public issue is a completely fresh issue of over 1.67 crore shares worth ₹720 crore.

The company has fixed the price band between ₹408 and ₹429 per share.

The lot size, or the minimum bid quantity to apply for the issue, is 34 shares. This equates to a minimum investment amount of ₹14,586 per lot at the upper end of the price band for retail investors.

ESDS Software Solution IPO objective

The money raised from the IPO will be used towards the following objectives:

ESDS Software Solution IPO: Allotment and listing date

About the company

Incorporated in 2005, the company is a technology infrastructure company offering cloud computing, managed services, data centre infrastructure and software solutions.

ESDS Software Solution offers Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS) to enterprises, government organisations and BFSI customers. ESDS is one of the only two players in India providing the entire spectrum of GPU-as-a-Service (GPUaaS), cloud, managed services, data centre infrastructure and software solutions.

The company operates in five Tier-3 data centres across India, with a combined area of more than 75,266 sq. ft., and served 2,501 customers in FY26. Its data centres are located in Nashik and Navi Mumbai in Maharashtra, Bengaluru, Mohali and Noida.

The firm caters to enterprises, government organisations and BFSI customers, and its services cover cloud infrastructure, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps.

Going ahead, ESDS plans to expand its cloud computing and data centre infrastructure and increase its presence in AI infrastructure. The company is also looking to scale its GPU capacity to support its AI cloud business as demand for high-performance computing increases.