Enterprise cloud and AI ecosystem provider ESDS Software Solution’s initial public offering (IPO) will open for subscription on August 28 and close on September 1, with the price band set at Rs 408 to Rs 429 per equity share.
The IPO will comprise a fresh issue of equity shares worth up to ₹7,20 crore. Investors can bid for a minimum of 34 equity shares and in multiples of 34 thereafter. The company has 100,427,753 equity shares outstanding before the issue.
ESDS Software Solution, incorporated in 2005, provides cloud infrastructure, managed services, data centre infrastructure, and software solutions. The company has served 2,501 customers in FY26 across banking, financial services and insurance, public sector entities, businesses, and enterprises.
Its revenue from operations stood at ₹472 crore in FY26, compared with ₹286 crore in FY24. Its net profit rose to ₹120 crore in FY26, up from ₹13.6 crore in FY24, the company disclosed.
ESDS provides infrastructure-as-a-service, including colocation, data centre services, cloud services, and cloud computing, along with managed services and software-as-a-service offerings.
The company said it is one of two players in India providing GPU-as-a-service, cloud, managed services, data centre infrastructure, and software solutions, according to a Nexdigm report cited in its IPO documents.
The company has also entered into an AI cloud infrastructure agreement with an Australia-based neocloud AI compute service provider at a total contract value of $1.25 billion.
Under the agreement, the AI company will deploy and operate a dedicated AI infrastructure cluster at an existing data centre facility in Australia. The cluster is expected to include about 8,208 NVIDIA B300 GPUs and associated storage infrastructure.
ESDS was one of the first cloud service providers in India to offer community cloud services, according to the Nexdigm report. Its customers include organisations with requirements related to data privacy, security, compliance, and regulation.
DAM Capital Advisors and Systematix Corporate Services are the book-running lead managers for the IPO, while MUFG Intime India is the registrar.
The company has cautioned investors that equity shares involve a high degree of risk and advised potential investors to refer to the risk factors in the RHP before making an investment decision.
The IPO is subject to receipt of requisite approvals, market conditions, and other considerations.
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