ESDS Software Solution Ltd

·

₹429.00 Issue Price

2026-08-28 – 2026-09-01

www.esds.co.in Bookbuilding IPO · NSE & BSE

Open Date

2026-08-28

Close Date

2026-09-01

Listing Date

2026-09-04

Allotment Date

2026-09-02

Current Price

₹429.00

High / Low

₹— / ₹—

ROCE

32.78 %

ROE

25.12 %

Face Value

₹1

About

Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. The Company offers an end-to-end portfolio com…

Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, Data Centre infrastructure and software solutions in India. The Company offers an end-to-end portfolio comprising Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), serving customers across BFSI, Government and enterprise segments. In Fiscal 2026, the Company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.The Company's IaaS portfolio includes colocation and Data Centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-Service (GPUaaS). It operates five Tier 3 Data Centres across India, covering over 75,266 sq. ft., supported by redundant power, disaster recovery infrastructure and 24/7 services. Its managed services include cloud and Data Centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps services.The Company also develops proprietary technology solutions, including SWARAJ Cloud, its patented cloud autoscaling technology, which has been further developed into an AI-enabled cloud platform focused on data sovereignty, scalability, security, compliance and AI capabilities. Its SaaS portfolio includes Data Centre management tools, vulnerability scanners, web access firewalls, VPN solutions and AI-powered GPU monitoring solutions.The Company's operations are supported by 993 employees as of June 30, 2026, across Data Centre operations, cloud infrastructure, security management, R&D, sales, service delivery and other functions.StrengthsLeading Position in Cloud, Managed Services and Data Centre Solutions.Comprehensive Security-as-a-Service (SECaaS) Framework.Long-term Relationships with Banks and Enterprises.Strong Government Partnerships and Policy Advocacy.AI-driven Innovations and Patented Technology.Transparent and Flexible Customised Billing System.Experienced Directors, KMPs and Senior Management.

📍 Plot No. B- 24 & 25, NICE Area, MIDC, Satpur Nashik, Maharashtra, 422007

📞 +91 253 711 2244

✉️ secretarial@esds.co.in

Analysis

Pros

ROE of 25.12% indicates good return on equity.
ROCE of 32.78% shows efficient capital usage.
PAT margin of 25.59%%.

Cons

Trading at 8.2× book value.

Pros and cons are machine generated. Please exercise caution and do your own analysis.

Subscription Status

Consolidated figures

2.21× overall

Metric	QIB	NII (HNI)	Retail	Total
Subscription	0.01×	3.70×	2.84×	2.21×
Shares	33,56,643	25,17,483	58,74,126	1,17,48,252
Bids	34,884	93,07,466	1,66,66,358	2,60,08,708

▼ Category-wise Detailed Breakdown

Category	Subscription	Offered	Bid Shares	Amt (₹ Cr)
QIB	0.01×	33,56,643	34,884	₹1.50
NII (HNI)	3.70×	25,17,483	93,07,466	₹399.29
Retail	2.84×	58,74,126	1,66,66,358	₹714.99
Market Maker	1.00×	—	—	—
Total	2.21×	1,17,48,252	2,60,08,708	₹1,115.77 Cr

Applications: - Total Bid Amount: ₹1,115.77 Cr

Profit & Loss

Figures in ₹ Crores / Amount in ₹ Crore

Metric	31 Mar 2026	31 Mar 2025	31 Mar 2024
Revenue	480.65	376.64	292.14
EBITDA	234.23	154.89	101.88
Profit After Tax	120.82	55.61	13.61
Net Worth	528.81	405.55	206.36
Total Assets	1,937.90	655.95	547.71
Reserves	533.62	407.54	216.62
Borrowings	42.92	62.71	149.04

Sales Growth
3 Years:	-39.2%
Latest:	292.14 Cr

Profit Growth
3 Years:	-88.7%
Latest PAT:	13.61 Cr

Return on Equity
ROE:	25.12%
ROCE:	32.78%

Key Financial Ratios

Profitability

ROE 25.12%

ROCE 32.78%

RONW 22.85%

PAT Margin 25.59%%

EBITDA Margin 49.60%

Valuation

Pre EPS 12.03

Post EPS 10.31

Pre P/E 35.66×

Post P/E 41.61×

P/BV 8.15×

Leverage & Growth

Debt / Equity 0.08×

Sales Growth (3yr) -39.2%

Profit Growth (3yr) -88.7%

Latest Revenue 292.14 Cr

Latest PAT 13.61 Cr

Objects of the Issue

1 Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres. ₹576.00 Cr

2 General Corporate Purposes

IPO Schedule & Important Dates

IPO Open

2026-08-28

Done ✓

IPO Close

2026-09-01

Upcoming

Allotment

2026-09-02

Upcoming

Refund

2026-09-03

Upcoming

Demat Credit

2026-09-03

Upcoming

Listing

2026-09-04

Upcoming

Lot Size & Investment Details

RETAIL MIN

₹14,586

1 lot · 34 shares

RETAIL MAX

₹14,586

1 lots · 34 shares

Category	Lots	Shares	Amount (₹)
Retail (Min)	34	34	₹14,586
Retail (Max)	1	34	₹14,586

Pre-Issue Holding: 10,04,27,753 shares Post-Issue Holding: 11,72,10,969 shares

Lead Managers & Market Makers

Book Running Lead Managers

Dam Capital Advisors Ltd Systematix Corporate Services Ltd

Allotment Status

Allotment Date: 2026-09-02

Registrar: MUFG Intime India Pvt.Ltd

Check Allotment

022-49186000

esdssoftware.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html