ESDS Software Solution Limited
MainboardESDS • BSE, NSE
Issue details
Price band
₹408 - ₹429
Lot size
34 shares
Issue size
₹529.94 Cr
Min. investment
₹14,586
Registrar
MUFG Intime India
Subscription
96.10x
Grey market premium
Est. gain+₹247 · 58%
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IPO Timeline
Open
28 Aug
Close
1 Sep
Allotment
2 Sep
Listing
4 Sep
- Refunds & demat credit
- 3 Sep 2026
- Mandate end
- 16 Sep 2026
- Anchor lock-in 50%
- 2 Oct 2026
- Anchor lock-in 100%
- 1 Dec 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 34shares 1 lot · ₹14,586 | 442shares 13 lots · ₹1,89,618 |
| sNII (₹2L–₹10L) | 476shares 14 lots · ₹2,04,204 | 2,312shares 68 lots · ₹9,91,848 |
| bNII (above ₹10L) | 2,346shares 69 lots · ₹10,06,434 | No limit funds permitting |
Based on the upper price band of ₹429 and a lot of 34 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 26,47,059 | 42,86,14,064 | 161.92x |
| bNII (above ₹10L) | 8,82,353 | 11,02,34,970 | 124.93x |
| Retail (IND) | 61,76,471 | 16,69,25,686 | 27.03x |
| Total | 1,23,52,942 | 1,18,71,06,056 | 96.10x |
Last updated 61 days ago.
Issue structure
Face value
₹1 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹720 Cr
1,67,83,216 shares
Shares pre-issue
10,04,27,753
Shares post-issue
11,72,10,969
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 12.03 | 10.31 |
| P/E | 35.66 | 41.61 |
| Market cap | ₹4,308.35 Cr. | ₹10,647.44 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 25.12% | 17.27% |
| ROCE | 32.78% | 24.73% |
| Debt/Equity | 0.08 | 0.15 |
| RoNW | 22.85% | 13.71% |
| PAT Margin | 25.59% | 15.39% |
| EBITDA Margin | 49.60% | 42.86% |
| NAV | 52.66 | — |
| Price to Book Value | 8.15 | — |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 480.65 | 376.64 | 292.14 |
| Profit after tax | 120.82 | 55.61 | 13.61 |
| EBITDA | 234.23 | 154.89 | 101.88 |
| Net worth | 528.81 | 405.55 | 206.36 |
| Assets | 1,937.9 | 655.95 | 547.71 |
| Reserves & surplus | 533.62 | 407.54 | 216.62 |
| Total borrowing | 42.92 | 62.71 | 149.04 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres.₹576 Cr
- 2.General Corporate Purposes₹91.05 Cr
- 3.Issue Expenses₹52.95 Cr
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Xtranet Technologies Ltd.Mainboard | ₹127 | 12.21 | ₹129.20 | +1.73% |
| Amagi Media Labs Ltd.Mainboard | ₹361 | -101.78 | ₹348.25 | -3.53% |
| Excelsoft Technologies Ltd.Mainboard | ₹120 | 34.62 | ₹125.97 | +4.97% |
| Prodocs Solutions Ltd.SME | ₹138 | 14.72 | ₹151.20 | +9.57% |
| Exato Technologies Ltd.SME | ₹140 | 11.19 | ₹279.30 | +99.50% |
| Infinity Infoway Ltd.SME | ₹155 | 13.81 | ₹309.20 | +99.48% |
| Praruh Technologies Ltd.SME | ₹63 | 9.47 | ₹64.25 | +1.98% |
| Matrix Geo Solutions Ltd.SME | ₹104 | 19.02 | ₹99.15 | -4.66% |
| TechD Cybersecurity Ltd.SME | ₹193 | 32.51 | ₹385.00 | +99.48% |
| Optivalue Tek Consulting Ltd.SME | ₹84 | 11.93 | ₹102.60 | +22.14% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.