ESDS Software Solution IPO
IT - Software • ₹720 Cr
Medium risk because:
- Loss-making or weak profitability noted in DRHP
- 5 material risk factors disclosed in DRHP
- Heavy dependence on government or PSU customers
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹429
Lot Size
34 shares
Issue Size
₹720 Cr
Open
28 Aug 2026
Close
01 Sept 2026
Subscription
135×
IPO Schedule
| Issue Open Date | 28 Aug 2026 |
| Issue Close Date | 01 Sept 2026 |
| Allotment Date | 02 Sept 2026 |
| Listing Date | 03 Sept 2026 |
About ESDS Software Solution
ESDS Software Solution is an artificial intelligence (AI)-enabled cloud, managed services, data centre infrastructure, and software solutions provider in India. Its offerings include infrastructure-as-a-service (IaaS), managed services, and software-as-a-service (SaaS). The IaaS portfolio includes colocation and data centre services, public, private, virtual private, hybrid, and community cloud services, cloud computing, and GPU-as-a-Service (GPUaaS). Its managed services include cloud and data centre management, cybersecurity and compliance, IT infrastructure and network management, backup and disaster recovery, database management, DevOps, and automation services. The company operates five data centres in Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida, covering an aggregate area of over 75,266 square feet. Its SaaS portfolio includes data centre management and monitoring software, vulnerability scanners, web access firewalls, and virtual private network (VPN) solutions. The company also provides services to banking, financial services, and insurance (BFSI) companies, government entities, and enterprises. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Purchase and installation of cloud computing and other equipment and infrastructure for relevant data centres – Rs 576 crore General corporate purposes
Company Details
Founders / Promoters
Mr Piyush Somani
Founded
2005
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
ESDS Software Solution — IPOFins Verdict
QuantitativeDriven by QIB demand at 261.5x and moderate disclosed risk (6/10), ESDS Software Solution listed at a premium of 76.5% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company is stated to be one of the only two players in India offering the entire spectrum of GPU-as-a-Service (GPUaaS), cloud, managed services, data centre infrastructure, and software solutions.
- The company claims to have a comprehensive Security-as-a-Service (SECaaS) framework covering security information and event management (SIEM), endpoint security, vulnerability management and incident
- The company claims to have long-standing relationships with over 100 banks and other established businesses, including Software Technology Parks of India (STPI). Its total customers increased from 1,4
- The company claims to have established partnerships with government organisations, including STPI, and is a Ministry of Electronics and Information Technology (MeitY) Standardisation Testing and Quali
- The company claims to hold commercial patents for its SWARAJ software and claims to be the only player in India holding a patent for vertical auto-scaling technology. The US patent was granted in Nove
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹429
Listing Price
₹757
Listing Gain/Loss
+76.46%
Listing Date
03 Sept 2026
Price Since Listing
Returns are measured against the ₹429 issue price.
Listing
₹757
+76.5%
1 Week
₹1,582.2
+268.8%
Current
₹1,738
+305.1%
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FAQ
What is the price band of ESDS Software Solution IPO?
The price band is ₹429 per share with a lot size of 34 shares. Minimum investment: ₹14,586.
What does ESDS Software Solution do?
ESDS Software Solution is an artificial intelligence (AI)-enabled cloud, managed services, data centre infrastructure, and software solutions provider in India. Its offerings include infrastructure-as-a-service (IaaS), managed services, and software-as-a-service (SaaS). The IaaS portfolio includes colocation and data centre services, public, private, virtual private, hybrid, and community cloud services, cloud computing, and GPU-as-a-Service (GPUaaS). Its managed services include cloud and data centre management, cybersecurity and compliance, IT infrastructure and network management, backup and disaster recovery, database management, DevOps, and automation services. The company operates five data centres in Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida, covering an aggregate area of over 75,266 square feet. Its SaaS portfolio includes data centre management and monitoring software, vulnerability scanners, web access firewalls, and virtual private network (VPN) solutions. The company also provides services to banking, financial services, and insurance (BFSI) companies, government entities, and enterprises. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Purchase and installation of cloud computing and other equipment and infrastructure for relevant data centres – Rs 576 crore General corporate purposes
Should I apply for ESDS Software Solution IPO?
ESDS Software Solution listed at ₹757 (+76.5% premium to the ₹429 issue price) after 135.4x subscription. IPOFins Score 9/10: Driven by QIB demand at 261.5x and moderate disclosed risk (6/10), ESDS Software Solution listed at a premium of 76.5% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded ESDS Software Solution?
ESDS Software Solution was founded by Mr Piyush Somani in 2005.