The ESDS Software Solution IPO allotment status is expected to be finalised today, September 2, 2026, following exceptional investor demand throughout the bidding period. The IPO demonstrated unprecedented investor response with 142.88 times subscription as of the final day of bidding, receiving bids for 1,67,85,63,340 shares against 1,23,52,942 shares on offer. According to Goodreturns, the issue was oversubscribed 142.88 times overall, with the retail portion subscribed 41.68 times. The bidding window closed on September 1, with share allotment expected today and listing scheduled for September 4 at NSE and BSE. Investors can check their allotment status through the registrar's website or the BSE IPO allotment portal, with successful applicants scheduled to receive shares in their demat accounts by September 3.
ESDS Software Solution shares are set to debut on BSE and NSE today, September 4, 2026, with the grey market premium (GMP) currently around ₹255, signalling strong investor interest and pointing to the possibility of a sizeable listing gain if the grey-market trend holds. According to Goodreturns, at the upper end of the price band of ₹429 per share, a GMP of ₹255 implies an estimated listing price of around ₹684 per share, translating into a potential listing gain of about 59.44% over the upper issue price. The IPO opened for subscription on August 28 and closed on September 1, with share allotment expected today and listing scheduled for September 4. The latest GMP of ₹255 as of September 2 indicates continued strong market demand ahead of the listing.
The ₹720 crore IPO comprises entirely fresh equity shares worth 1.68 crore shares (1,68,50,816 shares) targeting total proceeds of ₹1,678.32 crore. According to Goodreturns, the issue is priced in the band of ₹408 to ₹429 per share with a lot size of 34 shares, requiring a minimum investment of ₹14,586 for retail investors. At the upper end of the price band, the issue values the company at a market capitalisation of approximately ₹5,028.35 crore. The IPO opened for subscription on August 28 and will list on NSE and BSE with a tentative listing date of September 4, 2026. DAM Capital Advisors Ltd. and Systematix Corporate Services serve as the book running lead managers while MUFG Intime India Pvt. Ltd. acts as the registrar. The issue has no offer-for-sale component and is entirely a fresh issue of equity shares.
Prior to the public issue, ESDS Software Solutions raised ₹216 crore from anchor investors on August 27, demonstrating strong institutional confidence. The company's profit after tax (PAT) more than doubled to ₹120.82 crore, up 117% from ₹55.61 crore in the previous year, reflecting notable improvement in financial performance during FY26. The company plans to utilize ₹576 crore from the IPO proceeds to purchase and install cloud computing equipment and other infrastructure for its data centres, with the balance allocated for general corporate purposes. The company reported revenue from operations of ₹472.21 crore in fiscal 2026 compared with a net profit of ₹120.82 crore. The company derived around 27.4% of its revenues from government entities. During Fiscal 2026, the company served 2,501 customers and reported revenue from operations of ₹4,722.10 million.
Incorporated in August 2005, ESDS Software Solutions provides AI-enabled cloud, managed services, data centre infrastructure and software solutions, serving more than 2,500 customers in fiscal 2026 across banking, financial services and insurance, public sector entities, businesses and enterprises. The company operates five Tier-III data centres across India, spanning more than 75,266 sq. ft., with 993 employees supporting operations as of June 30, 2026. As reported by The Economic Times, the company plans to add two more data centres in Kolkata and Uttar Pradesh as part of its expansion strategy. The company offers an end-to-end portfolio comprising infrastructure-as-a-service (IaaS), managed services and software-as-a-service (SaaS), serving customers across BFSI, Government and enterprise segments. The company's Comprehensive Security-as-a-Service (SECaaS) framework enables businesses to proactively manage threats and achieve robust security and compliance objectives. The company's IaaS portfolio covers colocation and data centre services, public, private, virtual private, hybrid and community cloud solutions, and includes proprietary technology solutions like SWARAJ Cloud, its patented cloud autoscaling technology.
