ESDS Software Solutions Opens ₹720-Crore IPO With Anchor Book of ₹215.99 Crore

ESDS Software Solutions Limited has officially opened its initial public offering (IPO) to raise up to ₹720 crore. The public subscription period runs from August 28, 2026, through September 1, 2026. The company has set a price band of ₹408 to ₹429 per equity share, carrying a face value of Re 1 each.

Ahead of the public opening, ESDS Software Solutions raised ₹215.99 crore from anchor investors. The company allocated 50,34,964 equity shares at the upper price band of ₹429 per share to participating institutional entities. Notable institutional participants in the anchor round include Bajaj General Insurance Limited (Policyholder Fund), Cognizant Capital Dynamic Opportunities Fund, Sanshi Fund-I, CP Capital Limited, and Meru Investment Fund PCC - Cell 1. Equity-oriented mutual fund schemes such as Motilal Oswal Digital India Fund, Bandhan Focused Fund, and Quant Mutual Fund - QSIF Hybrid Long-Short Fund also participated in the anchor allocation.

Investors bidding in the IPO can apply for a minimum market lot of 34 equity shares, with bids accepted in multiples of 34 shares thereafter. The public offer is structured through the book-building process. Under this structure, not more than 50% of the net offer is allocated to qualified institutional buyers (QIBs), while not less than 15% and 35% are assigned to non-institutional bidders and retail individual bidders, respectively.

The net proceeds generated from the fresh issue, amounting to ₹576 crore, are earmarked for specific corporate objectives. The company plans to utilise these funds primarily for the purchase and installation of cloud computing and other equipment, along with infrastructure development for its relevant data centres. The remaining proceeds will be directed toward general corporate purposes.

Incorporated in 2005, ESDS Software Solutions operates as an end-to-end AI-enabled cloud, managed services, data centre infrastructure, and software solutions provider in India. According to industry reports cited in the offering documents, the company is one of only two players in India providing the full spectrum of GPUaaS cloud, managed services, data centre infrastructure, and software solutions. Within that segment, it is recorded as the largest in terms of revenue from operations for Fiscal 2026, posting an operational revenue of ₹472.2 crore.

The company's service portfolio spans infrastructure as a service (IaaS), colocation and data centre services, cloud services and computing, managed services, and software as a service (SaaS). These solutions are designed to assist enterprise customers with cloud adoption while lowering costs and maintaining security, scalability, and reliability.

DAM Capital Advisors Limited and Systematix Corporate Services Limited are acting as the book-running lead managers for the offer, while MUFG Intime India Private Limited serves as the registrar. The equity shares are slated for listing on both the National Stock Exchange of India (NSE) and BSE Limited.

"The public listing of an established infrastructure and cloud player like ESDS Software Solutions marks an important development for India's enterprise technology sector. Raising over ₹215 crore from anchor investors demonstrates institutional confidence in the company's market position. As Indian enterprises accelerate their digital transformation and cloud migration, capital allocation toward data centre expansion and GPUaaS capabilities will be crucial for sustaining operational scale and competitiveness in the domestic market." — Dr. Shishir Gupta, Founder & CEO, StartupLanes