ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. It offers an end-to-end portfolio of IaaS, managed services and SaaS, serving customers across the BFSI, Government and Enterprise segments.
The Company’s cloud and infrastructure portfolio includes public, private, virtual private, hybrid and community cloud solutions, along with GPU-as-a-Service (GPUaaS). ESDS is one of the only two players in India offering the entire spectrum of GPUaaS, cloud, managed services, Data Centre infrastructure and software solutions.
The Company was also among the early adopters of cloud technology in India, having established its first Data Centre in Nashik in 2010 and launched its cloud services in 2011.
Its managed services include cloud and Data Centre management, cybersecurity, IT infrastructure and network management, and backup and disaster recovery. The Company also offers proprietary technology solutions, including the SWARAJ Cloud platform and other software products.
In Fiscal 2026, the Company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
As of June 30, 2026, the Company had 993 employees across various functions and operations.
ESDS Software Solution IPO – Details
| IPO Opening Date | 28 August 2026 |
| IPO Closing Date | 01 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,67,83,216 Shares Worth ₹720.00 Crore Fresh Issue: 1,67,83,216 Shares Worth ₹720.00 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹408 – ₹429 per share |
| Market Lot | 34 Shares |
| Min Order | 34 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
ESDS Software Solution IPO – Date Schedule
| IPO Open Date | 28 August 2026 |
| IPO Close Date | 01 September 2026 |
| Basis of Allotment | 02 September 2026 |
| Initiation of Refund | 03 September 2026 |
| Credit of Shares to Demat Account | 03 September 2026 |
| IPO Listing Date | 04 September 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 01, 2026 |
ESDS Software Solution IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,586 |
| Retail (Max) | 13 | 442 | ₹1,89,618 |
| S-HNI (Min) | 14 | 476 | ₹2,04,204 |
| S-HNI (Max) | 68 | 2,312 | ₹9,91,848 |
| B-HNI (Min) | 69 | 2,346 | ₹10,06,434 |
Competitive Strength
- Leading Position in Cloud, Managed Services and Data Centre Solutions.
- Comprehensive Security-as-a-Service (SECaaS) Framework.
- Long-term Relationships with Banks and Enterprises.
- Strong Government Partnerships and Policy Advocacy.
- AI-driven Innovations and Patented Technology.
- Transparent and Flexible Customised Billing System.
- Experienced Directors, KMPs and Senior Management.
Company Promoters
- Piyush Prakashchandra Somani
- Komal Piyush Somani
- P.O.Somani Family Trust
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹292.14 Cr | ₹268.76 Cr | ₹13.61 Cr | ₹149.04 Cr |
| 31 March 2025 | ₹376.64 Cr | ₹293.91 Cr | ₹55.61 Cr | ₹62.71 Cr |
| 31 March 2026 | ₹480.65 Cr | ₹313.23 Cr | ₹120.82 Cr | ₹42.92 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 25.12% |
| ROCE | 32.78% |
| RoNW | 22.85% |
| Debt/Equity | 0.08 |
| PAT Margin | 25.59% |
| EBITDA Margin | 49.60% |
| NAV | 52.66 |
| Price to Book Value | 8.15 |
| Pre IPO | Post IPO | |
| EPS (₹) | 12.03 | 10.31 |
| P/E (x) | 35.66 | 41.61 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres. | ₹576.00 |
| General corporate purposes. |
ESDS Software Solution IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | E2E Networks Limited | 404.00 |
✅Strengths
- End-to-end portfolio of cloud, managed services, Data Centre and software solutions.
- Early mover in India’s cloud technology and Data Centre industry.
- Diversified customer base across BFSI, Government and Enterprise segments.
- Strong cross-selling capabilities across IaaS, managed services and SaaS.
- Proprietary technology platforms supporting its AI and cloud offerings.
⚠️Risks
- Service disruptions could impact customer operations and reputation.
- Cybersecurity incidents could result in data loss and financial damage.
- Rapid technology changes require continuous investment and innovation.
- Intense competition from domestic and global technology players.
- Infrastructure expansion risks may affect future growth plans.
ESDS Software Solution IPO Promoter Holding
| Pre Issue Share Holding | 46.06% |
| Post Issue Share Holding | 39.47% |
ESDS Software Solution IPO Prospectus
Company Contact Information
| ESDS Software Solution Ltd. Plot No. B- 24 & 25, NICE Area, MIDC, Satpur, Nashik, Maharashtra, 422007 Phone: +91 253 711 2244 Email: secretarial@esds.co.in Website: https://www.esds.co.in/ |
ESDS Software Solution IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: esdssoftware.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
ESDS Software Solution IPO Lead Manager(s)
| 1. DAM Capital Advisors Limited 2. Systematix Corporate Services Limited |
ESDS Software Solution IPO FAQs
| What is the ESDS Software Solution IPO? ESDS Software Solution IPO is a main-board IPO. The issue is priced at ₹408 to ₹429 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the ESDS Software Solution IPO open? The IPO is to open on 28 August 2026 for QIB, NII, and Retail Investors. |
| What is ESDS Software Solution IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the ESDS Software Solution IPO Size? ESDS Software Solution IPO size is ₹720.00 Crore. |
| What are the ESDS Software Solution IPO Minimum and maximum lot sizes for Retail? The minimum bid is 34 Shares with ₹14,586, while the maximum bid is 442 Shares with ₹1,89,618. |
| What is the ESDS Software Solution IPO Allotment Date? ESDS Software Solution IPO allotment date is 02 September 2026. |
| What is the ESDS Software Solution IPO Listing Date? ESDS Software Solution IPO listing date is 04 September 2026. The IPO is to be listed on the BSE and the NSE. |
