ESDS IPO Sees Strong Investor Demand on Opening Day

The initial public offering from ESDS Software Solution began its subscription on August 28, 2026, and is scheduled to close on September 1, 2026. On its opening day, the issue garnered substantial attention, with bids received for 2.59 crore shares against the 1.23 crore shares available, marking a subscription rate of 2.10 times. The price band for the IPO is set between Rs 408 and Rs 429 per share.

This IPO comprises entirely a fresh issue of equity shares, aiming to raise Rs 720 crore. The company plans to allocate approximately Rs 576 crore towards the purchase and installation of cloud computing equipment and data centre infrastructure. The remaining funds will support general corporate purposes. Prior to the public offering, ESDS successfully raised Rs 215.99 crore from anchor investors on August 27, 2026.

ESDS Software Solution is recognized as an AI-enabled provider of cloud, managed services, data centre infrastructure, and software solutions in India. Its offerings span infrastructure-as-a-service (IaaS), managed services, and software-as-a-service (SaaS), catering to diverse segments including BFSI and government entities. The company operates data centres across multiple Indian cities and is expanding its footprint with new facilities planned.