ESDS Software Solution IPO Details

ESDS Software Solution, a leading AI-enabled cloud computing and data center solutions provider, has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its ₹600 crore initial public offering (IPO). This marks the company’s second attempt after filing a DRHP in September 2021.

The IPO consists of a fresh sale of equity shares with a face value of ₹1 each. Additionally, the company may raise up to ₹120 crore via a pre-IPO placement, which could reduce the final issue size.

IPO Fund Utilization

• ₹480.7 crore: Investment in cloud computing infrastructure and data centers.

• Remaining funds: General corporate purposes.

IPO Reservation Breakdown

• Qualified Institutional Buyers (QIBs): 75% of the total issue.

• Non-Institutional Investors (NIIs): 15% of the issue.

• Retail Investors: 10% of the issue.

About ESDS Software Solution

ESDS Software Solution is a leading cloud services and data center infrastructure provider in India, offering:

• Infrastructure as a Service (IaaS) – Data center services, cloud computing, colocation.

• Software as a Service (SaaS) – AI-driven cloud solutions.

• Managed Services – End-to-end IT and cloud management solutions.

The company serves 1,398 customers across industries such as BFSI, healthcare, education, IT, government, agriculture, and manufacturing.

Indian Cloud Industry Growth Outlook

According to Nexdigm, India’s cloud services market is projected to expand significantly:

• Grew at a CAGR of 22.3% (FY20-FY24)

• Expected CAGR of 15.8% from ₹523.8 billion (FY24) to ₹1,844.1 billion (FY30)

This growth is driven by:

• Government initiatives like Digital India.

• Increasing demand for scalable cloud infrastructure.

• Rising adoption of AI-enabled cloud services.

IPO Lead Managers

• Book-Running Lead Managers (BRLMs): DAM Capital Advisors, Systematix Corporate Services.

• Registrar: MUFG Intime India Private Limited.

What’s Next?

With the IPO refiling, ESDS Software Solution aims to strengthen its cloud computing infrastructure and expand its presence in India’s growing digital transformation ecosystem.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

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