ESDS Software IPO

Listed Mainboard
Min Investment
₹14,586
34 Shares
Min Investment
₹14,586 · 34 Shares
Open Aug 28
Close Sept 01
Allotment Sept 02
Refund Sept 03
Listing Sept 04
Price Band ₹408–429
Lot Size 34 shares
Issue Size ₹720 Cr
Listed At ₹757.00 +76.5%
Subscribed 142.8×
Listed On BSE & NSE
Listing Price
₹757.00 (+76.46%)
vs issue price
Check allotment status →
Current Price (BSE)
₹1,495.75 (+248.66%)
at close, 09 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹247
+57.6%
Est. Listing: ₹676
Updated: Sept 03, 2026 8:30 pm
GMP estimate ₹676
Actual listing ₹757
Listed above the GMP estimate by ₹81 (+12.0%)
Subscription Status
QIB
274.97x
NII
202.82x
bNII (>10L)
219.59x
sNII (2-10L)
169.28x
Retail
41.56x
Total
142.80x
Updated: Sept 01, 2026 5:03 pm IST
Analysis Score 95 / 100
Very Strong Signals
Data: 80%
GMP Score 95
Subscription Score 100
Financial Health 85
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹408–429 per equity share
Face Value₹1 Per Equity Share
Lot Size 34 shares (Min ₹14,586)
Total Issue Size ₹720.00 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook-Built Issue
Lead Manager DAM Capital Advisors Limited , Systematix Corporate Services Limited
Registrar MUFG Intime India Private Limited
PromotersPiyush Prakashchandra Somani, Komal Piyush Somani and P.O.Somani Family Trust
Listing atBSE & NSE
BSE Code544898
NSE SymbolESDS
ISININE0DRI01029
Listing Price₹757.00
Listing Gain+76.46%

Day-wise Subscription (times subscribed)

Category Day 1 Day 4 Day 5
QIB 0.01x 0.25x 274.97x
NII 3.51x 51.16x 202.82x
bNII > ₹10L 2.40x 49.68x 219.59x
sNII 2-10L 5.74x 54.11x 169.28x
Retail 2.69x 14.61x 41.56x
Total 2.10x 18.34x 142.80x

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 34 ₹14,586
Retail Maximum 13 442 ₹1,89,618
S-HNI Minimum 14 476 ₹2,04,204
S-HNI Maximum 68 2,312 ₹9,91,848
B-HNI Minimum 69 2,346 ₹10,06,434
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
QIB33,56,64320.00%
NII (HNI)25,17,48315.00%
bNII > ₹10L16,78,32210.00%
sNII < ₹10L8,39,1615.00%
Retail58,74,12635.00%
Anchor50,34,96430.00%
Total1,67,83,216

Financial Analysis

Financial Data

EPS (Pre)
₹12.03
ROE
25.12%
ROCE
32.78%
RoNW
22.85%
EBITDA Margin
49.60%
Debt/Equity
0.08
NAV/Share
₹52.66
Revenue Growth
27.62%
Profit Margin
25.14%

Financial Performance

Metric 2024 2025 2026
Revenue 292.14 376.64 480.65
Expense 268.76 293.91 313.23
Profit (PAT) 13.61 55.61 120.82
Total Assets 547.71 655.95 1,937.90
Values in Crores (₹)

Peer Comparison

Company EPS P/E RoNW % NAV Income
E2E Networks -0.78 -786.66 -0.92 81.97 245.58 Cr

Strengths & Risks

Strengths
  • Heavily oversubscribed — 142.8x overall (so far).
  • Strong institutional (QIB) demand — 275.0x.
  • Revenue grew 28% in the latest reported year.
  • Solid profit margin — 25.1%.
  • Strong return on equity — 25%.
Risks & Concerns

Our data checks haven't flagged a specific concern for ESDS Software — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About ESDS Software

ESDS Software Solution, founded in August 2005, is an AI-enabled End-to-End IT Service Provider with over 20 years of experience in building and managing IT infrastructure. The company provides data center, cloud, colocation, managed services, and AI infrastructure solutions for government, BFSI institutions, and Enterprises. ESDS offers Infrastructure capable of handling workloads across banking, public services, manufacturing, healthcare, retail, energy, logistics, and other sectors. It operates 5 Tier-III data centers located across Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida, covering over 75,266 sq. ft. Its services include Managed Services, Cloud & Data Migration, Disaster Recovery as a Service (DRaaS), Backup as a Service, Colocation Services, and Data center services. Moreover, ESDS has built its own AI-powered cloud platform, SWARAJ Cloud, focused on data sovereignty, scalability, security, compliance, and AI capabilities.

Company Contact Information

ESDS Software Solution IPO Limited, Plot No. B- 24 & 25, NICE Area,, MIDC, Satpur, Nashik – 422 007,, Maharashtra, India

Objects of the Issue

Purpose Amount (Cr)
Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres. 576.00
General Corporate Purpose -

Resources & Documents

Anchor Investors

Anchor Bidding Date
August 27, 2026
Shares Offered to Anchors
50,34,964
Lock-in End (30 Days, 50%)
October 02, 2026
Lock-in End (90 Days, 50%)
December 01, 2026

ESDS Software IPO - Quick Take

ESDS Software has set a price band of Rs 408–Rs 429 per share for an issue size of Rs 720 crore. The stock listed with a 76.46% gain versus its issue price on September 04, 2026.

ESDS Software Solution, founded in August 2005, is an AI-enabled End-to-End IT Service Provider with over 20 years of experience in building and managing IT infrastructure. The company provides data center, cloud, colocation, managed services, and AI infrastructure solutions for government, BFSI institutions, and Enterprises.

The issue is promoted by Piyush Prakashchandra Somani, Komal Piyush Somani and P.O.Somani Family Trust with DAM Capital Advisors Limited, Systematix Corporate Services Limited acting as lead manager. Net proceeds will primarily be used towards Purchase and installation of cloud computing and other equipment and infrastructure for Data Centres. (Rs 576 crore) and General Corporate Purpose.

On fundamentals, the company is posting revenue growth of 27.6%, a profit margin of 25.1%, return on equity of 25.1% in its most recent reported period. Listed peers in this segment include E2E Networks (P/E -786.66x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of ESDS Software IPO is Rs 408 to Rs 429 per share. Face value is Rs 1 per share.

The total issue size of ESDS Software IPO is Rs 720 crore, comprising fresh issue of Rs 720 crore.

Retail investors must apply for a minimum of 1 lot of 34 shares, requiring an investment of Rs 14,586. Maximum retail application is 13 lots (442 shares, approx Rs 1,89,618).

ESDS Software IPO opens for subscription on August 28, 2026 and closes on September 01, 2026. Anchor investor bidding is scheduled for August 27, 2026.

The expected allotment date for ESDS Software IPO is September 02, 2026. Refunds for unsuccessful applicants are expected on September 03, 2026.

ESDS Software IPO is scheduled to list on September 04, 2026 on both BSE and NSE. BSE script code: 544898, NSE symbol: ESDS, ISIN: INE0DRI01029.

The current GMP (Grey Market Premium) of ESDS Software IPO is +Rs 247 (+57.6% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

ESDS Software IPO is currently subscribed 142.80 times overall — retail at 41.56x, QIB at 274.97x, NII at 202.82x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 41.56x for ESDS Software IPO, the estimated retail allotment probability is approximately 2.7%. This is a low probability — approximately 3 out of every 100 retail applications may receive allotment.

The registrar for ESDS Software IPO is MUFG Intime India Private Limited. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for ESDS Software IPO are DAM Capital Advisors Limited, Systematix Corporate Services Limited.

The promoter(s) of ESDS Software are Piyush Prakashchandra Somani, Komal Piyush Somani and P.O.Somani Family Trust.

ESDS Software IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.

See the full ESDS Software GMP history and trend, or learn how grey market premium works and how reliable it is.

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