# ESDS Software sets IPO price band at Rs 408-429 per share 2026-08-25T21:06:11+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets ESDS Software Solution has set a price band of Rs 408 to Rs 429 per share for its Rs 720 crore initial public offering. The subscription opens on 28 August and closes on 1 September, with anchor investor bidding on 27 August. Shares will list on the BSE and NSE on 4 September. The IPO is entirely a fresh issue with no offer-for-sale component. The company plans to use Rs 576 crore of the net proceeds to buy and install cloud computing equipment for its data centres during FY27 and FY28. At the upper price end, the issue implies a market capitalisation of about Rs 5,028 crore. Of the issue, 50 per cent is reserved for qualified institutional buyers, 15 per cent for non-institutional investors, and 35 per cent for retail investors. DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers. ## Indian Opinion Analysis The two reports match factually on the IPO price band, dates, and use of proceeds, a reflection of the regulatory disclosure format that leaves little room for editorial variation. Livemint leads with investor names and the increased issue size, while BusinessLine foregrounds the revenue and profit figures from fiscal 2026, adding the market capitalisation implied at the upper price band. Neither report critiques the company or the valuations. The more useful takeaway is the scale of the investment: Rs 576 crore for cloud computing equipment, a spending plan that ties ESDS's public listing directly to the AI infrastructure buildout. The listing on 4 September will show whether retail and institutional demand matches the pricing. ## Coverage Coverage: 2 sources, 2 neutral - livemint.com (neutral report) Leads with investor names Ashish Kacholia and Mukul Agrawal, mentions Rs 600 crore earlier DRHP size - thehindubusinessline.com (neutral report) Leads with Rs 720 crore total IPO size, adds market cap at upper band and fiscal 2026 revenue-profit This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Updated: this story now draws on 2 sources. Last updated 2026-08-26T03:56:48+00:00. Tags: Ashish Kacholia, BSE, ESDS Software Solution, IPO, Mukul Agrawal, NSE Canonical: https://indianopinion.org/esds-software-solution-ipo-price-band-set-at-rs-408-429-per-share/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/esds-software-solution-ipo-price-band-set-at-rs-408-429-per-share/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/