About ESDS Software Solution Ltd IPO
ESDS Software Solution Limited is an AI-enabled cloud, managed services, Data Centre infrastructure and software solutions provider in India. It is one of the two players in India offering the entire spectrum of GPU-as-a-Service (GPUaaS), cloud, managed services, Data Centre infrastructure and software solutions, and was the largest among the two in terms of revenue from operations in Fiscal 2026, with revenue of 4,722.10 million.
The Company offers an integrated portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and Enterprise segments.
The Company operates five Tier 3 facilities across Nashik, Navi Mumbai, Bengaluru, Mohali and Noida, covering over 75,266 sq. ft.
Its cloud portfolio includes public, private, virtual private, hybrid and community cloud solutions, as well as GPUaaS. The Company was among the early cloud service providers in India to offer community cloud services. As of June 30, 2026, its community cloud services were used by 104 Government clients, 115 banks and financial institutions across 1,045 branches, 113 SAP HANA organisations and six smart cities.
The Company's proprietary SWARAJ Cloud platform is patented in India and the United States. Its capabilities include GPUaaS, AI governance, model fine-tuning, MLOps/LLMOps and enterprise cloud infrastructure.
The Company's managed services portfolio includes cloud and Data Centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management, DevOps and automation.
Its SaaS portfolio includes Data Centre management and monitoring, vulnerability scanning, web access firewall, VPN and GPU monitoring solutions, along with customized applications offered through its SPOCHUB digital marketplace.
As of June 30, 2026, the Company had 993 employees across Data Centre operations, cloud infrastructure, security management, R&D, sales, service delivery and other functions.
ESDS Software Solution Limited is an AI-enabled cloud, managed services, Data Centre infrastructure and software solutions provider in India. It is one of the two players in India offering the entire spectrum of GPU-as-a-Service (GPUaaS), cloud, managed services, Data Centre infrastructure and software solutions, and was the largest among the two in terms of revenue from operat
ESDS IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 88,23,529 crores |
| Non-Institutional Investors (NIIs) | 15% | 26,47,058.7 crores |
| Retail Individual Investors (RIIs) | 35% | 61,76,470.3 crores |
ESDS IPO Strengths & Weaknesses
Comprehensive portfolio spanning cloud, managed services, Data Centre infrastructure, GPUaaS and software solutions.
Security-as-a-Service (SECaaS) framework enabling customers to address cybersecurity, threat management and compliance requirements.
Long-standing relationships with leading banks, enterprises and other institutional customers.
Established relationships with Government and public sector organizations across cloud, smart city, e-governance and other digital initiatives.
Patented SWARAJ Cloud technology enables intelligent resource scaling and efficient cloud performance, supported by AI/ML capabilities and GPUaaS.
Failure to keep pace with evolving technologies, innovations and industry standards could adversely affect the Company's competitiveness and performance.
Government entities and projects contributed 27.37% of revenue from operations in Fiscal 2026. Changes in government policies, budgets or project eligibility could adversely affect the Company's business.
Unauthorized access to the Company's networks or data could result in reputational damage, liabilities and financial losses.
Delays or failures in collecting receivables or billing unbilled services could adversely affect the Company's financial performance and cash flows.
ESDS IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 02 Sep '26 | 04 Sep '26 | 03 Sep '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹1 per share |
| Total Issue Size | 1,76,47,058 shares (aggregating up to ₹14,586 crores) |
| Fresh Issue | 1,67,83,216 shares (aggregating up to ₹1,67,83,216 crores) |
| Offer for Sale | 0 shares of ₹1 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
ESDS IPO Lot Size and Investment Details
| Minimum Lot Size | 34 shares |
| Maximum Lot Size (Retail) | 1,156 shares |
The lot size of ESDS ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for ESDS IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
ESDS IPO Contact & Registrar Details
Contact Details
Address
Plot No. B- 24 & 25, NICE Area, MIDC, Satpur Nashik
Phone Number
Website
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
ESDS Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Dam Capital Advisors Ltd. | Systematix Corporate Services Ltd. |
