BY THE NUMBERS.
TICKET CLASSES.
HOW FULL THE BUS GOT.
WHAT THE CHATTER IMPLIES.
GMP +₹245 (+57.11%)
RECORDED 02 SEPT 2026, 21:57 IST
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
WHO GETS WHICH SEATS.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: Financial information for the Company is derived from the Restated Consolidated Financial Information. All the financial information for the listed industry peer mentioned above is on a consolidated basis and is sourced from the filings of the listed peer for the year ended March 31, 2026 available on the listed peer's website and Stock Exchanges, the number of equity shares has been considered on a post-split basis. Closing price and Market capitalisation has been taken as the closing price of the equity shares of the listed peer as on August 20, 2026 on the NSE. Basic earnings per share (₹) = Restated consolidated net profit after tax for the year attributable to the equity shareholders of the listed industry peer / Weighted average number of equity shares outstanding during the year, in accordance with Ind AS 33 - earnings per share. Diluted earnings per share (₹) = Restated consolidated net profit after tax for the year attributable to the equity shareholders of the listed industry peer / Weighted average number of equity shares and potential equity shares outstanding during the year, in accordance with Ind AS 33 - earnings per share. Net Asset Value per equity share for the year ended March 31, 2026 is computed as "Net Worth as on March 31, 2026 divided by the number of equity shares outstanding as at the end of year ended March 31, 2026. P/E Ratio (Based on basic earnings per share) has been computed based on the closing market price of equity shares on NSE on August 20, 2026 divided by the basic earnings per share for the year ended March. With respect to the Company, such ratio will be disclosed in the Prospectus based on the Issue Price. P/E Ratio (Based on diluted earnings per share) has been computed based on the closing market price of equity shares on NSE on August 20, 2026 divided by the diluted earnings per share for the year ended March 31, 2026. With respect to the Company, such ratio will be disclosed in the Prospectus based on the Issue Price. Return on Net Worth (%) = Net Profit after tax for the year attributable to the equity Shareholders of the Company divided by the Net worth as at end of the year. Net Worth has been computed as the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, but does not include reserves created out of revaluation of assets, writeback of depreciation and amalgamation, share based payment reserve, debenture redemption reserve and capital redemption reserve. Net Worth represents equity attributable to owners of the company and does not include amounts attributable to non-controlling interest.
WHAT THE MONEY IS FOR.
ESDS Software Solution Limited is one of India's leading managed cloud service providers, offering comprehensive cloud infrastructure, software solutions, and managed services to support enterprises in their digital transformation and cloud adoption journeys. The company delivers integrated, end-to-end solutions designed to help organizations migrate, manage, and optimize their IT workloads in cloud environments. The company's service portfolio is broadly categorized into: Infrastructure as a Service (IaaS): Includes its proprietary vertically auto-scalable cloud platform, eNlight Cloud , which enables dynamic resource allocation based on workload requirements. Software as a Service (SaaS) and Managed Services: Offers a range of cloud-based software solutions, application management, monitoring, security, and IT infrastructure management services. ESDS serves a diverse customer base comprising government departments, public sector organizations, and private enterprises across industries such as banking and financial services (BFSI), manufacturing, information technology, IT-enabled services, telecommunications, real estate, pharmaceuticals, retail, and education. The company also has a global presence, catering to clients across the Asia-Pacific region, Europe, the Middle East, the Americas, and Africa. Its infrastructure is supported by three data centres located in Navi Mumbai, Nashik, and Bengaluru. Together, these facilities span more than 50,000 square feet and are interconnected through a high-speed 10 Gbps backbone network, enabling reliable and scalable cloud service delivery. Key Strengths: Comprehensive cloud ecosystem offering end-to-end solutions for enterprise cloud adoption. Scalable and resilient business model supported by multiple growth opportunities across cloud and managed services. Innovative and flexible billing mechanisms designed to enhance customer value and operational efficiency. Established position among India's leading cloud infrastructure and managed service providers. Experienced leadership team with deep expertise in cloud technologies and digital infrastructure.
ON THE ROSTER.
COMMON QUESTIONS.
What is the ESDS Software Solution IPO price band?+
The indicative price band is ₹429 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the ESDS Software Solution IPO?+
One lot is 34 shares. At the upper band of ₹429, one lot works out to ₹14,586.
How many lots can a retail investor apply for in the ESDS Software Solution IPO?+
A retail application runs from 1 lot (34 shares, ₹14,586) up to 13 lots (442 shares, ₹1,89,618) — the most that fits under SEBI's ₹2 lakh retail ceiling.
What is the minimum HNI application in the ESDS Software Solution IPO?+
A small-HNI (sHNI) application starts at 14 lots — 476 shares, ₹2,04,204. A big-HNI (bHNI) application starts at 69 lots — 2,346 shares, ₹10,06,434, above the ₹10 lakh boundary.
When does the ESDS Software Solution IPO open and close?+
The issue opened on 28 Aug 2026 and closed on 01 Sept 2026. Dates can move — the registrar and the exchange notices are the record.
When is the ESDS Software Solution IPO allotment?+
Allotment is scheduled for 02 Sept 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When does ESDS Software Solution list?+
Listing is scheduled for 04 Sept 2026 on NSE, BSE.
Where will ESDS Software Solution be listed?+
ESDS Software Solution is proposed for listing on NSE, BSE. It is a mainboard issue.
How large is the ESDS Software Solution IPO?+
The issue size is ₹720.00 Cr — a fresh issue of ₹720 cr. Figures are indicative and subject to the RHP.
What is the grey market premium (GMP) for the ESDS Software Solution IPO?+
The last GMP we recorded is +₹245 (+57.11%), as at 02 SEPT 2026, 21:57 IST. GMP is unofficial grey-market chatter. It is not a quote from any exchange, it is not a price anyone is obliged to honour, it moves through the day and it often does not match the eventual listing price. We publish it as information only.
What listing price does the GMP imply for ESDS Software Solution?+
Adding the last recorded GMP to the upper band gives ₹674. That is a calculation, not a forecast or an investment recommendation, and it is built on an unofficial grey-market figure.
How was the ESDS Software Solution IPO subscribed?+
The issue was subscribed 142.88× overall. By category: qib 274.97×, nii 202.87×, small hni 169.43×, big hni 219.59×, retail 41.68×. Subscription figures are as reported by the exchanges.
Who is the registrar for the ESDS Software Solution IPO?+
The registrar to the issue is MUFG Intime India Pvt.Ltd. (022-49186000), esdssoftware.ipo@in.mpms.mufg.com.
Where can I check the ESDS Software Solution IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.