{
  "id": 3282778,
  "title": "ESDS Software ₹720-Crore IPO To Open On August 28; Price Band Fixed At ₹408-429",
  "url": "https://urgent.news/2026/08/25/esds-software-720-crore-ipo-to-open-on-august-28-price-band-fixed-at",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T14:00:57.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/esds-software-720-crore-ipo-to-open-on-august-28-price-band-fixed-at-408-429"
  },
  "original_language": "en",
  "account": "ESDS Software Solution Ltd revealed plans for a ₹720-crore initial public offering (IPO) on August 25, 2026. The IT firm, which specializes in AI-enabled cloud services, managed services, data centre infrastructure and software solutions, stated that the IPO will be available for subscription from August 28 to September 1.\n\nThe company has fixed a price band of ₹408-429 per share for the IPO, which, if the upper end of the band is reached, would result in a market capitalisation of approximately ₹5,028 crore. The IPO is a fresh issue, meaning there are no Offer-for-Sale (OFS) components. Proceeds from the IPO will be used primarily for acquiring and installing cloud computing and infrastructure for data centers, with the remainder allocated towards general corporate purposes.\n\nESDS, founded in 2005, is one of the two players in India offering a comprehensive range of GPU-as-a-Service (GPUaaS), cloud, managed services, data centre infrastructure and software solutions. The company caters to organisations with stringent data privacy, security, compliance and regulatory requirements, having provided community cloud services since its early days as a cloud service provider in India.\n\nDuring fiscal 2026, ESDS's revenue from operations increased to Rs 472.21 crore, with a net profit of Rs 120.82 crore. The IPO allocation is divided among qualified institutional buyers (50%), non-institutional investors (15%), and retail investors (35%). ESDS's shares are scheduled for listing on the BSE and NSE on September 4, with DAM Capital Advisors and Systematix Corporate Services acting as the book-running lead managers, while MUFG Intime India serves as the registrar for the issue.",
  "summary": "New Delhi, August 25, 2026: ESDS Software Solution Ltd on Tuesday announced a price band of Rs 408-429 per share for its Rs 720-crore initial public offering (IPO). IPO Details The IPO of the AI-enabled cloud, managed services, data centre infrastructure and software solutions provider will open for public subscription on August 28 and close on September 1. Anchor investors can bid on August 27,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}