Liquidity Events
ESDS Software’s Rs 720-Cr IPO subscribed 136x
The Rs.720-Cr initial public offering (IPO) of Nashik-based ESDS Software Solutions was subscribed 135.88 times. The issue received bids for over 1.67 billion shares against 12.35 million shares on offer. Qualified Institutional Buyers (QIBs) led the demand with a subscription of 261.51 times, followed by Non-Institutional Investors (NIIs) at 192.93 times, and retail investors at 39.64 times.Incorporated in 2005, the firm provides AI-enabled cloud, managed services, data centre infrastructure, and software solutions. It served over 2,500 customers in fiscal 2026 across the banking, financial services, insurance, and public sectors.The company intends to utilize Rs 576-Cr from the issue proceeds to purchase and install cloud computing equipment and infrastructure for its data centres, with the remaining balance allocated for general corporate purposes.Prior to the IPO, the firm raised Rs 216-Cr from anchor investors on August 27. The price band set at Rs 408-429 per share.
Between Feb 2015 and Feb 2025, ESDS Software had attracted about USD 44 M from Amrut, Anchorage Capital Partners, Ashish Kacholia, Capri Global Holdings, Global Environment Fund and others.For FY25, ESDS Software had reported about INR 357 Cr in Operating Income and about INR 61 Cr in PAT.
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