ESDS Software Solution makes a smashing debut with 74% premium
Shares of ESDS Software Solution were currently trading at Rs 236.45 at 10:12 IST on the BSE, representing a premium of 108.75% as compared with the issue price of Rs 429.
The stock debuted at Rs 746.30 on the BSE, a premium of 73.96% over its issue price.So far, the stock has hit a high of Rs 895.55 and a low of Rs 746.30. On the BSE, over 17.64 lakh shares of the company were traded in the counter so far.
ESDS Software Solution was subscribed 135.88 times. The issue opened for bidding on 28 August 2026 and will close on 1 September 2026. The price band of the IPO was fixed between Rs 408 and 429 per share.
The IPO was entirely a fresh issue of shares worth Rs 720 crore. The funds raised to the tune of Rs 576 crore will be used towards purchase and installation of cloud computing and other equipment and infrastructure for data centres and the balance will be used for general corporate purposes.
Ahead of the IPO, ESDS on Thursday, 27 August 2026, raised Rs 215.99 crore from anchor investors. The board allotted 50.34 lakh shares at Rs 429 each to 19 anchor investors.
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ESDS Software Solution (ESDS) is an AI-enabled provider of cloud, managed services, data center infrastructure, and software solutions in India. The company offers an end-to-end portfolio comprising infrastructure-as-a-service (IaaS), managed services and software-as-a-service (SaaS), serving customers across BFSI, Government and enterprise segments. The companys comprehensive Security-as-a-Service (SECaaS) framework enables businesses to proactively manage threats and achieve robust security and compliance objectives.
ESDS IaaS portfolio includes co-location and data centre services, public, private, virtual private, hybrid and community cloud solutions, and GPU-as-a-service (GPUaaS). The company has data centres in Airoli, Bengaluru, Nashik, Noida, and Mohali. It is also in the process of establishing proposed data centres in Kolkata and Sahibabad.
The company derived around 27.4% of its revenues from government entities.
The firm reported a consolidated net profit of Rs 120.82 crore and sales of Rs 472.21 crore for the twelve months ended on 31 March 2026.
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First Published: Sep 04 2026 | 10:31 AM IST