Overview
- As of 10:51 IST on Monday, August 31, the ESDS Software Solution public offer was 8.08 times subscribed based on BSE data, driven by heavy early bids from non‑institutional and retail investors.
- The non‑institutional investor segment was the main driver, showing about 22 times demand against its allocation, while qualified institutional buyers had taken up only a tiny fraction of their portion.
- ESDS completed an anchor placement before the public window that raised roughly ₹216 crore and opened the fresh‑issue IPO (₹408–₹429 per share) to raise about ₹720 crore through approximately 1.68 crore shares.
- The company plans to use about ₹576 crore of the proceeds to buy and install cloud computing equipment at its Airoli, Bengaluru, Mohali and Nashik data centres, with the rest for general corporate purposes.
- ESDS reported stronger FY26 results with consolidated net profit rising to ₹120.8 crore and revenue up about 31% to ₹472.2 crore, and the stock is set to list on the BSE and NSE on September 4 which could test early aftermarket demand given the skewed investor mix.