Home / Business and Economy / ESDS IPO Oversubscribed 24x, Funds Fuel Cloud Growth
ESDS IPO Oversubscribed 24x, Funds Fuel Cloud Growth
31 Aug
Summary
- ESDS IPO was subscribed 24.49 times by investors.
- The company aims to raise Rs 720 crore via a fresh issue.
- Funds will be used for cloud infrastructure and data centers.
ESDS Software Solution's initial public offering garnered significant attention, closing on September 1, 2026, with an impressive subscription rate of 24.49 times. Bids were received for 30.25 crore shares against the 1.23 crore shares made available to the public.
The entirely fresh issue aims to raise Rs 720 crore. These funds are earmarked for acquiring and installing essential cloud computing equipment and infrastructure for data centers. A portion will also support general corporate activities.
Prior to the public offering, ESDS successfully raised Rs 215.99 crore from anchor investors on August 27, 2026. The company, a prominent AI-enabled cloud and managed services provider in India, serves BFSI, Government, and enterprise sectors.
ESDS offers a comprehensive portfolio including IaaS, managed services, and SaaS, with data centers located across India. The company reported a consolidated net profit of Rs 120.82 crore on sales of Rs 472.21 crore for the fiscal year ending March 31, 2026.
