ESDS Software IPO
ESDS Software Solution, founded in August 2005, is an AI-enabled End-to-End IT Service Provider with over 20 years of experience in building and managing IT infrastructure. The company provides data center, cloud, colocation, managed services, and AI infrastructure solutions for government, BFSI institutions, and Enterprises. ESDS offers Infrastructure capable of handling workloads across banking, public services, manufacturing, healthcare, retail, energy, logistics, and other sectors.
IPO GMP
+₹311
+72% expected gain
Price Band
₹408 - ₹429
Lot Size
34 shares
Min Investment
₹14,586
Listing Date
September 4, 2026
About ESDS Software
Company overview, business, and key facts.
ESDS Software Solution, founded in August 2005, is an AI-enabled End-to-End IT Service Provider with over 20 years of experience in building and managing IT infrastructure. The company provides data center, cloud, colocation, managed services, and AI infrastructure solutions for government, BFSI institutions, and Enterprises. ESDS offers Infrastructure capable of handling workloads across banking, public services, manufacturing, healthcare, retail, energy, logistics, and other sectors.
It operates 5 Tier-III data centers located across Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida, covering over 75,266 sq. ft. Its services include Managed Services, Cloud & Data Migration, Disaster Recovery as a Service (DRaaS), Backup as a Service, Colocation Services, and Data center services. Moreover, ESDS has built its own AI-powered cloud platform, SWARAJ Cloud, focused on data sovereignty, scalability, security, compliance, and AI capabilities.
Founded
2005
Headquarters
Maharashtra
Promoters
Piyush Prakashchandra Somani, Komal Piyush Somani
Website
https://www.esds.co.in/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- End-to-End Technology Solutions: A dominant Indian player providing cloud, managed services, Data Center Infrastructure and software solutions, having adopted cloud technology early on with an end-to-end technology solution.
- SECaaS Capabilities: Offers Security-as-a-Service (SECaaS) to businesses, BFSI institutions, and governments with a Security Operations Centre (SOC) for threat monitoring, mitigation and compliance purposes.
- Well Positioned in Favor of Data Localisation Policies: In a good position to capitalize on the data localisation policies of the Digital Personal Data Protection Act, 2023 and RBI guidelines that are driving growth in demand for Data Center Infrastructure in India.
Risks
- Technology/Innovation Risk: Inability to innovate and keep pace with technological changes or industry standards would be detrimental to the operations and financial performance of the Company.
- Cybersecurity/Data Breach Risk: Any security breach involving the Company’s cloud and data could result in loss of data and lawsuits, along with financial and reputational penalties.
- Disruption of Services Risk: The Company relies on uninterrupted services to its customers. Internet downtime, Data Center disruptions, software/hardware issues and other interruptions could affect the business and financial performance of the Company.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
ESDS Software IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹5,028.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
41.6x
Price to sales
10.46x
Revenue growth, 2026
+27.6%
28.3% a year over the period
Profit growth, 2026
+117.3%
197.9% a year over the period
Profit margin (PAT)
25.1%
EBITDA margin 49.6%
ROE / ROCE
25.12% / 32.78%
As published in the offer document
Debt to equity
0.08
Promoter holding
46.06% → 39.47%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹10,574
34 shares on ₹14,586. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 25.1% in 2026.
- Profit grew 117.3% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
- Promoter holding drops to 39.47% after the IPO.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison.
IPO Analysis SummaryAI-generated
A plain-language review of ESDS Software's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
ESDS Software IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, ESDS Software IPO is trading at a grey market premium (GMP) of +₹311 (+72% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 135.88x overall — QIB: 261.51x, NII: 192.93x, Retail: 39.63x.
ESDS Software IPO subscription has closed. The shares are expected to list on September 4, 2026.
The minimum investment required is ₹14,586 for 34 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: End-to-End Technology Solutions: A dominant Indian player providing cloud, managed services, Data Center Infrastructure and software solutions, having adopted cloud technology early on with an end-to-end technology solution.; SECaaS Capabilities: Offers Security-as-a-Service (SECaaS) to businesses, BFSI institutions, and governments with a Security Operations Centre (SOC) for threat monitoring, mitigation and compliance purposes.. Investors should note the following risks: Technology/Innovation Risk: Inability to innovate and keep pace with technological changes or industry standards would be detrimental to the operations and financial performance of the Company.; Cybersecurity/Data Breach Risk: Any security breach involving the Company’s cloud and data could result in loss of data and lawsuits, along with financial and reputational penalties..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
ESDS Software IPO — Frequently Asked Questions
What is ESDS Software IPO GMP today?
ESDS Software IPO GMP (grey market premium) today is +₹311, suggesting an estimated listing gain of +72%. GMP is indicative and subject to change.
What is the price band of ESDS Software IPO?
The price band for ESDS Software IPO is ₹408 - ₹429 with a lot size of 34 shares. The minimum investment required is ₹14,586.
When is ESDS Software IPO allotment date?
ESDS Software IPO allotment is expected to be finalised on September 2, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Private Limited) using your PAN number.
When will ESDS Software IPO list on NSE/BSE?
ESDS Software IPO is expected to list on BSE, NSE on September 4, 2026.
How to check ESDS Software IPO allotment status?
To check ESDS Software IPO allotment status, visit the registrar's website (MUFG Intime India Private Limited) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for ESDS Software IPO?
ESDS Software IPO is showing a strong GMP of +₹311 (+72%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of ESDS Software IPO?
The lot size for ESDS Software IPO is 34 shares per lot. The minimum investment for retail investors is ₹14,586. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.