- POSITIVE
Annual Revenue ESDS Software Solution Mar-2024 Annual Revenue is Rs 287 Cr which is growth of 39.4% YoY.
- POSITIVE
Annual Net Profit ESDS Software Solution Mar-2024 Annual Net Profit is Rs 16 Cr which is growth of 209.7% YoY.
ESDS Software Solution was incorporated on August 18, 2005. The company is a leading end-to-end AI-enabled cloud, managed services, data centre infrastructure, and software solutions provider in India, and the largest among two players offering the full spectrum, based on FY24 revenue
| Bidding Dates |
|---|
| 28 Aug 2026 - 01 Sep 2026 |
| Subscription |
|---|
| 135.88x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,872 | 1 | 13 | 34 | 16.8 M | ₹408 - ₹429 | 39.47 % | ₹6,847.6 M - ₹7,200.0 M | RHP DOC |
ESDS Software Solution IPO SUBSCRIPTION STATUS
01 Sep '26Total135.88x
Retail Individual Investor39.64x
HNI (NII) Investors192.94x
Qualified Institutional Buyers261.51x
ESDS Software Solution IPO overall subscription rate was 135.88 times the total available shares
ESDS Software Solution IPO retail subscription rate was 39.64 times in the retail segment
ESDS Software Solution IPO non-institutional investor subscription rate was 192.94 times in the non-institutional investor category
ESDS Software Solution IPO Qualified Institutional Bidder subscription rate was 261.51 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Sep 2026 (Day 3) | 39.64x | 192.94x | 261.51x |
31 Aug 2026 (Day 2) | 18.68x | 69.73x | 0.72x |
28 Aug 2026 (Day 1) | 2.69x | 3.51x | 0.01x |
ESDS Software Solution FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 472.2 | 120.8 | 1,367.7 | 1,242.6 | 49.6% |
| FY25 | 361.3 | 55.6 | 162.6 | 49.4 | 42.9% |
| FY24 | 286.5 | 13.6 | 53.0 | 30.0 | 35.6% |
ESDS Software Solution IPO SUBSCRIPTION STATUS DETAILS
ESDS Software Solution had 16.8 M shares on offer
ESDS Software Solution IPO offer price was in the range ₹408 - ₹429
ESDS Software Solution IPO minimum Investment was ₹13872
ESDS Software Solution IPO issue size was ₹ 6,847.6 M - ₹ 7,200.0 M
ESDS Software Solution had a minimum lot size of 34 Shares per application
ESDS Software Solution NUMBER OF SHARES ON OFFER
Total16.8 M
Fresh Issue16.8 M
Offer for Sale0
Post Issue Promoter Holding %39.47 %
ESDS Software Solution IPO IMPORTANT DATES
| Issue Open Date | 28 Aug 2026 |
| Issue close Date | 01 Sep 2026 |
| Allotment Date | 02 Sep 2026 |
| Refund Date | 03 Sep 2026 |
| Demat Account Credit Date | 03 Sep 2026 |
| Listing Date | 04 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| ESDS Software Solution Allotment Status | Exchange/ Registrar |
ESDS Software Solution IPO subscription opened on 28 Aug 2026, and closed on 01 Sep 2026
IPO allotment for ESDS Software Solution was finalized on Wednesday, 02 Sep 2026
IPO listing for ESDS Software Solution was on NSE and BSE on Friday, 04 Sep 2026
ESDS Software Solution IPO LISTING GAINS
| Issue Price (adjusted) | 429.0 |
| Listing Open Price | 757.0 |
| Listing Close Price | 908.4 |
| Listing Gain% | 76.5% |
| Current Gain% | 264.7% |
ESDS Software Solution Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ESDS Software Solution Ltd. | 1564.6 | 18338.2 | 152.5 | 1.3 | 38.2 | 22.1 | 6.2 | 480.7 | 27.6 | 120.3 | 116.3 | 10.3 | 116.3 |
| Computer Age Management Services Ltd. | 708 | 17589.3 | 35.5 | 7 | 11.3 | 36 | 26.3 | 1567.4 | 6.3 | 476 | 1.2 | 19.9 | 5.1 |
| Latent View Analytics Ltd. | 255.4 | 5287.9 | 27.1 | 5.4 | 4.8 | 11.3 | 9.4 | 1136 | 23.9 | 198.1 | 13.7 | 9.4 | 5 |
| Reliable Data Services Ltd. | 140.2 | 144.7 | 20.7 | -2.2 | 0.7 | 9.8 | 3.8 | 185.4 | 37.1 | 7 | -22.6 | 6.8 | -9.3 |
| Ikoma Technologies Ltd. | 62 | 143.8 | -182.9 | -3.7 | 1062.5 | 2.4 | 1.4 | 1.7 | -91.5 | 0.2 | -82.8 | -0.3 | 49.6 |
| Enfuse Solutions Ltd. | 142 | 125.6 | -8.2 | -78.2 | -28.1 | 59.4 | 34 | -15.4 | -575.1 | -17.4 |
Annual
Balance Sheet
Ratios
Cash Flow
ESDS Software Solution annual results: revenue, profit, P&L, and margins as of Mar 2024 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | Mar '24 | Mar '23 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|
17.9% | 287 | 205.9 | 175 | 161 | ||
Operating Exp. Ann. | 19.5% | 184.3 | 153.2 | 108 | 104 | |
Operating Profit Ann. | 14.9% | 97 | 48.2 | 63.9 | 55.5 | |
OPM Ann. % | -2.5% | 33.81% | 23.41% | 36.51% | 34.44% | |
17% | 260.9 | 221.9 | 163 | 152.2 | ||
EBITDA Ann. | 15.3% | 102.7 | 52.7 | 67 | 57 | |
EBITDA Ann. margin % | -2.2% | 35.77% | 25.60% | 38.29% | 35.40% | |
Interest Ann. | 15.4% | 27.2 | 22.5 | 17.7 | 11.3 | |
Depr. | 9.7% | 49.4 | 46.2 | 37.4 | 36.9 | |
PBT Ann. | 27.7% | 25 | -20.8 | 12 | 8.8 | |
Tax Ann. | 37.1% | 8.5 | -5.7 | 3.3 | 2.4 | |
23.8% | 16.5 | -15 | 8.7 | 6.4 | ||
Net Profit Ann. | 23.8% | 16.5 | -15 | 8.7 | 6.4 | |
NPM Ann. % | 5% | 5.85% | -7.46% | 5.06% | 4.02% | |
EPS Adj. latest Ann. | 26% | 1.4 | -1.3 | 0.7 | 0.6 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
39.4%
3Y CAGR
17.9%
Net Profit Ann.
3Y CAGR
23.8%
Operating Exp. Ann.
1Y CHG
20.3%
3Y CAGR
19.5%
ESDS Software Solution INFORMATION ON IPO ISSUE
About ESDS Software Solution
ESDS Software Solution was incorporated on August 18, 2005. The company is a leading end-to-end AI-enabled cloud, managed services, data centre infrastructure, and software solutions provider in India, and the largest among two players offering the full spectrum, based on FY24 revenue
Object of the Issue
- Purchase and installation of cloud computing and other equipment and infrastructure for their data centres
- General corporate purposes
ESDS Software Solution - PROMOTERS
| Name |
|---|
| Piyush Prakashchandra Somani |
| Komal Piyush Somani |
| P.O. Somani Family Trust |
ESDS Software Solution - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Piyush Prakashchandra Somani | Managing Director & Chairman |
| Komal Piyush Somani | Whole-time Director |
| Sameer Suresh Redij | Additional Director |
| Thandankorai Ganapathy Dhandapani | Independent Director |
| Pamela Kumar | Independent Director |
| Venkatesh Natarajan | Independent Director |
ESDS Software Solution Book Running Lead Manager
DAM Capital Advisors Limited
esds.ipo@damcapital.in
Systematix Corporate Services Limited
esds@systematixgroup.in
ESDS Software Solution Registrar to the Offer
MUFG Intime India Private Limited
esdssoftware.ipo@in.mpms.mufg.com
ESDS Software Solution Strengths
AI-driven innovations & patented technology
The company holds commercial patents for its eNlight software, which uses AI-driven vertical and diagonal scaling for efficient cloud resource allocation. It develops and commercializes AI/ML systems to improve cloud operations and address industry-specific needs
Strength
Transparent & flexible customized billing system
The company's billing system offers flexible, customized pricing based on transactions, branches, users, consumption metrics, or business KPIs, helping customers optimize cost and performance
Strength
Government partnerships & policy advocacy
The Digital Personal Data Protection Act, 2023 mandates lawful processing of personal data while protecting individual rights. RBI also requires payment data to be stored in India (except for certain foreign banks), driving significant growth in local Data Centre infrastructure
Strength
ESDS Software Solution Risks
Technological innovation risks
Failure to keep pace with technological advancements or evolving industry standards may adversely impact the company's business, financial condition, and operational performance
Risk
Risks of cybersecurity
Cybersecurity is a key requirement for customers migrating to the cloud. Any breach or unauthorized access to the company's cloud platform could lead to data loss, legal liabilities, financial penalties, and reputational damage
Risk
Depend on uninterrupted service delivery
The company’s success depends on uninterrupted access to its services for customers. Any service disruption could harm its reputation, operations, and financial performance
Risk
IPO FAQs
The promoters of the company are Piyush Prakashchandra Somani, Komal Piyush Somani and P.O. Somani Family Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 408.0 - 429.0.
The IPO application opens on Aug 28, 2026 and closes on Sep 01, 2026.
The minimum lot size for the IPO is 34. The maximum lot size for the IPO is 442.
For all category investors, the minimum application amount for this IPO is Rs. 13,872.0, the maximum value for this IPO is Rs 189,618.0.
This IPO will be allotted on Sep 02, 2026.
The refund will be credited to your account on Sep 03, 2026.
The allotted shares will be credited to your demat on Sep 03, 2026.
ESDS Software Solution Ltd.’s shares listed on the stock exchanges on Sep 04, 2026.