Cloud services provider ESDS Software to launch Rs.1,300-Cr IPO

Cloud services and data centre provider ESDS Software is likely to raise INR 1,200-1,300 crore through an initial public offering. The company is expected to file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) soon. The IPO would be a mix of a fresh share issue and partial exits by existing shareholders. The company has appointed Axis Capital and IIFL Securities as bankers to the issue.