Now Reading: ESDS Software Solution IPO price band set at Rs 408-429 per share
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ESDS Software Solution IPO price band set at Rs 408-429 per share
ESDS Software Solution IPO price band set at Rs 408-429 per share
ESDS Software Solution's initial public offering (IPO) will open for subscription on 28 August and close on 1 September, with a price band of Rs 408 to Rs 429 per share. The…
ESDS Software Solution's initial public offering (IPO) will open for subscription on 28 August and close on 1 September, with a price band of Rs 408 to Rs 429 per share. The Maharashtra-based enterprise cloud and AI provider is issuing entirely fresh shares, with the company receiving all proceeds. Anchor investor allocation is scheduled for 27 August.
The IPO size has been increased from the earlier proposed Rs 600 crore, as per the draft red herring prospectus filed in March 2025. SEBI approved the draft in December 2025. The company plans to use Rs 576 crore of net proceeds to purchase and install cloud computing equipment and infrastructure for its data centres during FY27 and FY28. The remaining funds will go towards general corporate purposes.
Promoters hold a 46.06% stake in ESDS, while public shareholders own 52.65%, including investors Ashish Kacholia and Mukul Agrawal. The lot size is 34 equity shares. Shares are tentatively listed on BSE and NSE on 4 September. DAM Capital Advisors and Systematix Corporate Services are the lead managers.
Indian Opinion Analysis
This IPO tests demand for cloud infrastructure plays in a market where investors have rewarded tech-focused listings in recent months. The fresh issue structure means no existing shareholders dilute their stake, leaving the company entirely dependent on market appetite for its growth story. The jump in the issue size from the initial Rs 600 crore draft suggests ESDS has either revised its capital needs upward or received strong anchor interest before the public launch. The outcome will signal institutional confidence in India's data centre buildout, especially as large players like Reliance and Adani have announced major capacity expansions. The subscription numbers on the closing day, 1 September, will be the first real indicator.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
