What business services does ESDS Software Solution Ltd provide?

ESDS Software Solution Ltd provides AI-enabled cloud infrastructure (IaaS), managed IT services, software-as-a-service (SaaS) solutions, data centre hosting, and GPU-as-a-Service (GPUaaS).

What is the total issue size of the ESDS Software Solution IPO?

The issue size is ₹720 crore, which is entirely a fresh issue of shares with no offer-for-sale (OFS) component.

How does ESDS plan to use the IPO proceeds?

The net proceeds will be used primarily for the purchase and installation of cloud computing equipment and infrastructure for data centres (₹576 crore) and general corporate purposes.

What are the price band and minimum investment details?

The price band is set at ₹408 to ₹429 per share, with a lot size of 34 shares, translating to a minimum investment of ₹13,872 for retail investors.

What are the key financial growth trends for ESDS Software Solution Ltd?

Revenue from operations grew from ₹286.52 crore in FY24 to ₹361.33 crore in FY25 and ₹472.21 crore in FY26. Profit After Tax (PAT) expanded from ₹13.61 crore in FY24 to ₹120.82 crore in FY26.

Where are ESDS's data centres located?

ESDS operates five data centres located in Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida, covering over 75,266 square feet.

What are the major risk factors disclosed by ESDS Software Solution Ltd?

Major risks include falling R&D expenditure ratios, high reliance on top 5 suppliers (37.52% of supply costs in FY26), dependency on government entities (27.37% of revenue in FY26), and high levels of hypothecated current assets.

Is ESDS Software Solution IPO good for long term?

Based on our AI analysis, ESDS Software Solution has a financial score of N/A/100 and a market potential score of N/A/100.

What is the lot size of ESDS Software Solution IPO?

Use the ViewIPO Lot Size Calculator to instantly find the exact lot size and maximum investment limits for Retail, sHNI, and bHNI categories for ESDS Software Solution.

ESDS Software Solution IPO: GMP, Price & Review

Name: ESDS Software Solution IPO
Brand: ESDS Software Solution
Rating: 3.8 (1 reviews)

Home›India›ESDS Software Solution ()

ESDS Software SolutionNSE / BSE:

Analyzed by ViewIPO Financial Research Team

Cloud Computing & Data Center InfrastructureIndia•Filed 2026-08-28•Listing 2026-09-04•Size ₹719.61Cr

The total amount of money the company is trying to raise from the public through this IPO.

•Lot Size 34

The minimum number of shares an investor must bid for in an IPO.

Live GMP

Grey Market Premium. The extra amount buyers are willing to pay for the IPO shares in the unofficial market before listing.

₹320 (+74.59%)

Live Subscription

How many times the IPO has been demanded by investors. E.g., 10x means investors want 10 times more shares than available.

0.98x Total

Check Allotment

Status Link

Is ESDS Software Solution IPO Good? Quick Verdict

ESDS Software Solution IPO scored 62/100 (Moderate Risk) in our deep analysis. The strongest pillar is Financial at 75/100, while Valuation is the primary concern at 50/100. ESDS Software Solution Ltd displays impressive revenue and profit growth driven by its integrated cloud and GPUaaS offerings, though it carries risks from declining R&D investment ratios, government revenue concentration, and asset hypothecation.

IPO Score

62/100

Moderate Risk

Quick Verdict

Profit After Tax expanded significantly from ₹13.61 crore in FY24 to ₹120.82 crore in FY26.

High revenue retention rate (RRR) of 94.92% recorded in FY26.

Research and development expenditure fell from 4.42% of revenue in FY24 to 1.32% in FY26.

Government entities and projects accounted for 27.37% of revenue in FY26.

Company Snapshot

Revenue (TTM)

Total money brought in by the company's operations before deducting any expenses.

₹472.21Cr↑ 30.69% YoY

Profitability

The company's total profit after all expenses, taxes, and costs have been deducted.

PositiveNet Income ₹120.82Cr

Gross Margin

—

Market Cap

—Pending Data

IPO Size

The total amount of money the company is trying to raise from the public through this IPO.

₹719.61Cr

Industry

Cloud Computing & Data Center Infrastructure

P/E Ratio

—Pending Data

Risk Breakdown

Governance

Moderate

Financial

Moderate

Valuation

Expensive

Competition

Expensive

Dilution

Moderate

Promoter / Mgmt

Moderate

AI Summary

ESDS Software Solution Ltd is an Indian AI-enabled cloud, managed services, data centre infrastructure, and software solutions provider operating five data centres across Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida. ESDS Software Solution Ltd has demonstrated robust revenue expansion from ₹286.52 crore in FY24 to ₹472.21 crore in FY26, alongside substantial net profit growth to ₹120.82 crore. The company benefits from patented vertical auto-scaling technology and strong customer retention, though it remains exposed to high supplier concentration, reduced R&D expenditure intensity, and reliance on public sector contracts.

Overall Verdict: ESDS Software Solution Ltd displays impressive revenue and profit growth driven by its integrated cloud and GPUaaS offerings, though it carries risks from declining R&D investment ratios, government revenue concentration, and asset hypothecation.

Key Highlights

•Operates 5 data centres across Nashik, Navi Mumbai, Bengaluru, Mohali, and Noida spanning over 75,266 sq. ft.
•Holds commercial patents in India and the US for vertical auto-scaling technology and SWARAJ software.
•MeitY STQC-audited and empanelled cloud service provider with deep partnerships with STPI.
•Total active customers increased from 1,465 in FY24 to 2,501 in FY26.
•Launched fully managed GPU-as-a-Service (GPUaaS) in November 2025 for AI/ML workloads.
•Entire issue of ₹720 crore is a fresh issue, with ₹576 crore allocated for data centre cloud infrastructure equipment.

Financial Performance

Revenue (Annual)
Total money brought in by the company's operations before deducting any expenses.

↑ +30.7% YoY

INR in Crores

Net Income (Annual)
The company's total profit after all expenses, taxes, and costs have been deducted.

↑ +117.3% YoY

INR in Crores

EBITDA vs PAT
Earnings Before Interest, Taxes, Depreciation, and Amortization. Shows pure operating performance.

EBITDA YoY

INR in Crores

EBITDA

PAT

IPO Timeline

IPO Opens2026-08-28

IPO Closes2026-09-01

Basis of Allotment2026-09-02

Refunds & Demat2026-09-03

Listing Date2026-09-04

Valuation Analysis

IPO Price₹408 - ₹429

Estimated Fair Value

The theoretical true worth of the company based on its financial performance and peers.

Pending Data

Valuation Premium

How much more expensive this IPO is compared to its estimated fair value or its industry peers.

Pending

vs Fair Value

IPO DNA

Growth

Evaluates the company's historical and projected revenue and profit expansion.

Governance

Assesses the quality, transparency, and track record of the company's management team.

Profitability

Measures how effectively the company turns its sales into actual profit.

Valuation

Analyzes whether the IPO price is cheap, fair, or expensive compared to peers.

Competition

Evaluates the company's market share, moats, and competitive threats in its industry.

Execution

Assesses the company's ability to successfully utilize IPO proceeds and deliver on its promises.

Pros vs Cons

Pros

One of only two domestic players offering an integrated stack of GPUaaS, cloud, managed services, data centre infrastructure, and software.
Strong growth trajectory with revenue surging to ₹472.21 crore and PAT reaching ₹120.82 crore in FY26.
High customer retention with a Revenue Retention Rate of 94.92% and 89.04% of clients utilizing all three core service lines in FY26.
Patented vertical auto-scaling software technology granted in both India and the United States.

Cons

Declining trend in R&D spending as a percentage of operations, dropping from 4.42% in FY24 to 1.32% in FY26.
Substantial revenue concentration from government contracts (27.37% in FY26), creating policy and budgetary risk.
High reliance on top 5 suppliers, accounting for 37.52% of total supply expenses in FY26.
96.72% of current assets (₹1,464.54 crore) are hypothecated, exposing the firm to default-enforcement risks.

Financial Health

Revenue Growth

The year-over-year percentage increase in the company's total sales.

30.69% in FY26 (Excellent)

Debt Level

An assessment of whether the company's borrowing is manageable or risky.

₹102.92 Cr total financial debt (Moderate)

Cash & Equivalents

How much liquid cash the company has on hand to fund daily operations.

Undisclosed (Moderate)

Institutional Signals

Anchor Investors

Large institutional investors who buy shares before the IPO opens to the public, signaling confidence.

Undisclosed

VC Backing Tier

Whether renowned Venture Capital or Private Equity firms have invested in the company.

Undisclosed

Strategic Partners

Key business alliances that give the company a competitive edge.

Tier-1 (STPI & MeitY Empanelled)

ESDS Software Solution IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

ESDS Software Solution IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to Sauda ASBA Offer for Sale (OFS)

View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about ESDS Software Solution

What is the expected listing price of ESDS Software Solution?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for ESDS Software Solution on our Live GMP Tracker.

ESDS Software Solution IPO Analysis & Review

Quick Answers

Key IPO Information

ViewIPO AI Analysis Score

Frequently Asked Questions

What business services does ESDS Software Solution Ltd provide?

What is the total issue size of the ESDS Software Solution IPO?

How does ESDS plan to use the IPO proceeds?

What are the price band and minimum investment details?

What are the key financial growth trends for ESDS Software Solution Ltd?

Where are ESDS's data centres located?

What are the major risk factors disclosed by ESDS Software Solution Ltd?

ESDS Software SolutionNSE / BSE:

Is ESDS Software Solution IPO Good? Quick Verdict

Quick Verdict

Company Snapshot

Risk Breakdown

AI Summary

Key Highlights

Financial Performance

Revenue (Annual) Total money brought in by the company's operations before deducting any expenses.

Net Income (Annual) The company's total profit after all expenses, taxes, and costs have been deducted.

EBITDA vs PAT Earnings Before Interest, Taxes, Depreciation, and Amortization. Shows pure operating performance.

IPO Timeline

Valuation Analysis

IPO DNA

Pros vs Cons

Pros

Cons

Financial Health

Institutional Signals

ESDS Software Solution IPO Reddit Pulse & Sentiment

No Public Data Available

ESDS Software Solution IPO — Frequently Asked Questions

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Priority Jewels

Paluck Technologies

Complete Sports and Management

Kwick Forensic

Lumino Industries

IPO Terminology Explained

Want to analyze another IPO?

Frequently Asked Questions about ESDS Software Solution

Is ESDS Software Solution IPO good for long term?

What is the lot size of ESDS Software Solution IPO?

What is the expected listing price of ESDS Software Solution?

Revenue (Annual)
Total money brought in by the company's operations before deducting any expenses.

Net Income (Annual)
The company's total profit after all expenses, taxes, and costs have been deducted.

EBITDA vs PAT
Earnings Before Interest, Taxes, Depreciation, and Amortization. Shows pure operating performance.