{
  "id": 3786812,
  "title": "IPO-Bound ESDS Software Bags ₹216 Cr From Anchor Investors",
  "url": "https://urgent.news/2026/08/27/ipo-bound-esds-software-bags-216-cr-from-anchor-investors",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T17:22:01.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ipo-bound-esds-software-bags-%e2%82%b9216-cr-from-anchor-investors/"
  },
  "original_language": "en",
  "account": "Nashik-based cloud and data centre firm ESDS Software Solution has secured ₹216 Cr from anchor investors prior to its ₹720 Cr initial public offering (IPO). The company allocated 50.3 Lakh equity shares to 19 entities at ₹429 per share, the top of its IPO price range. Domestic mutual funds seized 41.26 Lakh shares, or nearly ₹177 Cr, comprising 81.94% of the anchor allocation. Six domestic mutual funds participated in the anchor round through 13 schemes, including Motilal Oswal, Bandhan Mutual Fund, Quant Mutual Fund, ITI Mutual Fund, and JM Flexicap Fund. Other anchor investors comprised Bajaj General Insurance, Sanshi Fund-I, Meru Investment Fund, Cognizant Capital Dynamic Opportunities Fund, and CP Capital. ESDS Software Solution's IPO will be open for subscription tomorrow and close on September 1, with tentative listing on the BSE and NSE on September 4. The public issue is wholly a fresh issuance of shares up to ₹720 Cr, with no OFS component. ESDS aims a valuation of about ₹5,028 Cr ($526 Mn) at the higher end of its ₹408-₹429 price band. The company plans to allocate ₹576 Cr from net proceeds to acquiring and installing cloud computing equipment and infrastructure at its existing data centres in Airoli, Bengaluru, Mohali, and Nashik. Additionally, part of the fresh proceeds will be allocated to general corporate purposes. This marks ESDS' second attempt at an IPO, as they previously sought listing in September 2021 but postponed due to the pandemic and resubmitted their application in March 2025. Founded in 2005 by Piyush Somani, ESDS provides cloud infrastructure, managed services, data centre services, and SaaS products across five data centres in Navi Mumbai, Nashik, Bengaluru, Mohali, and Noida. Revenue streams include infrastructure-as-a-service (IaaS) at 44%, managed services at 41%, and software as a service (SaaS) for the remaining portion. Net profit for FY26 reached ₹120.8 Cr, up more than double from ₹55.6 Cr in the previous year, while operational revenue grew by 30.7% to ₹472.2 Cr in the same period. ESDS currently serves 2,501 customers, with an average revenue per customer of approximately ₹19 Lakh.",
  "summary": "Cloud and data centre company ESDS Software Solution has raised ₹216 Cr from anchor investors ahead of the opening of…",
  "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."
}