3 days ago
ESDS Software Solutions IPO Draws Strong Investor Response
ESDS Software Solution is a technology company based in Nashik.
It works with cloud computing, data centres, artificial intelligence and software services.
The company is selling new shares to the public in an IPO.
The IPO opened on August 28, 2026, and will close on September 1.
Investors showed strong interest, buying more shares than were initially offered on the first day.
Overall, the IPO was subscribed 2.1 times.
Retail investors subscribed about 2.69 times, while non-institutional investors subscribed about 3.51 times.
ESDS plans to use the money to expand its data centres and technology capabilities.
It is also exploring business opportunities in Europe and Southeast Asia.
ESDS Software Solution’s approximately Rs 720-crore IPO was subscribed 2.1 times on its first day.
The IPO is open from August 28 to September 1, 2026, with a price band of Rs 408 to Rs 429 per share.
The entirely fresh issue will involve approximately 1.68 crore equity shares, with no Offer for Sale component.
ESDS raised around Rs 216 crore from anchor investors before the public offering.
Retail investors subscribed about 2.69 times, while non-institutional investors subscribed approximately 3.51 times on the first day.
- Who
- ESDS Software Solution Limited, a Nashik-based cloud, data centre and artificial intelligence technology company, and investors.
- What
- The company’s approximately Rs 720-crore initial public offering received 2.1 times subscription on its first day.
- Where
- The company is based in Nashik, India; its expansion plans include Europe and Southeast Asia.
- When
- The IPO is open from August 28 to September 1, 2026; first-day subscription data was reported after August 28.
- Why
- The fresh issue is intended to raise funds for expansion, business development, data centre infrastructure and technology capabilities.
Key facts
- IPO size
- Approximately Rs 720 crore
- Subscription period
- August 28 to September 1, 2026
- Price band
- Rs 408 to Rs 429 per equity share
- Lot size
- 34 shares
- Minimum retail investment
- Rs 14,586 at the upper end of the price band
- Anchor investment
- Around Rs 216 crore
- Issue structure
- Approximately 1.68 crore fresh equity shares, with no Offer for Sale component
Sources
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