ESDS Software Solution IPO

Lot size and investment

Reservation

QIB

Not more than 50% of the Offer

Retail

Not less than 35% of the Net Issue

NII

Not more than 15% of the Issue or the Issue

Current GMP

₹247

▲+57.58%

Estimated listing price

₹676

Issue price ₹429

Highest

₹372

29 Aug

Lowest

₹245

2 Sep

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E (pre-issue)

35.69

P/E (post-issue)

41.65

EPS (₹)

10.31

RoE

25.12%

RoCE

32.78%

RoNW

22.85%

PAT Margin

25.59%

EBITDA Margin

49.60%

Debt / Equity

0.08

NAV (₹)

52.66

Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the FY ended 31 Mar 2026.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

ESDS Software Solution Limited was started in August 2005. It provides cloud services, managed IT services, data centre infrastructure and software, and describes itself as an AI enabled provider. Its customers are in banking and insurance, government and large enterprises, and it served 2,501 customers in FY2026. The company offers three things together. Infrastructure as a Service covers colocation and data centre services, along with public, private, virtual private, hybrid and community cloud, and GPU as a Service. Managed services cover cloud and data centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps. Software as a Service covers its own tools such as data centre management software, vulnerability scanners, web access firewalls, VPN solutions and AI powered GPU monitoring. It runs five Tier 3 data centres across India covering more than 75,266 square feet, with backup power, disaster recovery setup and round the clock service. It has also built its own technology, including SWARAJ Cloud, a patented cloud autoscaling system that has since been developed into an AI enabled cloud platform focused on data sovereignty, security and compliance. As on 30 June 2026 it had 993 employees.

Objects of the issue

1. Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres.₹576 Cr
2. General Corporate Purposes

Promoters and shareholding

Piyush Prakashchandra Somani, Komal Piyush Somani and P.O.Somani Family Trust

Promoter holding, pre-issue

46.06%

Promoter holding, post-issue

39.47%