ESDS Software Solution Limited has fixed the price band of Rs 408 /- to Rs 429 /- per Equity Share of face value Rs 1/- each for its initial public offer. The Initial Public Offering of the Company will open on 28 August, 2026 for subscription and close on 1 September 2026. Investors can bid for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter. Equity shares outstanding pre-Issue 100,427,753 equity shares of Rs 1 each. The IPO is a fresh issue of up to Rs7,200.00 million.
- Issue Opens: August 28, 2026
- Issue Closes: September 1, 2026
- Face Value: Rs 1
- Price Band: Rs 408 – 429 per share
- Minimum Bid Lot: 34 Equity Shares
- Listing: BSE & NSE
Incorporated in 2005, the company is an AI-enabled cloud, managed services, data centre infrastructure and software solutions provider in India. It is one of the only two players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India. Further, among the two, it is the largest in terms of revenue from operations in Fiscal 2026 with revenue from operations of ₹4,722.10 million in Fiscal 2026.
The Company provides its services to a diverse range of end-user industries and customers, comprising (i) banking, financial services and insurance companies, (ii) public sector entities, including central, state, and local government departments, public sector undertakings, government agencies, and institutions that procure products or services for administrative, infrastructure, or public service purposes and (iii) businesses and enterprises. The company served 2,501 customers in Fiscal 2026.
On March 31, 2026, the Company entered into a strategic AI cloud infrastructure agreement with an Australia-based neocloud AI compute service provider. Pursuant to this agreement, the AI company is required to deploy and operate a dedicated AI infrastructure cluster within an existing data centre facility in Australia. This cluster will comprise approximately 8,208 NVIDIA B300 GPUs along with associated storage infrastructure. Delivery of such infrastructure is targeted for completion by September 2026, and revenue generation under the agreement is expected to commence in the third quarter of Fiscal 2027.
