ESDS Software Solution IPO - Listing Performance & Details

ESDS Software Solution Limited was incorporated as ESDS Software Solution Private Limited on August 18, 2005, and converted into a public limited company on July 8, 2021. It is headquartered in Nashik, Maharashtra, and works in the cloud computing and data centre services sector.

The company offers services across three verticals: Infrastructure as a Service, covering colocation, data centre and cloud computing services built on its proprietary eNlight Cloud platform; Managed Services, spanning cloud, data centre, cybersecurity, network and database management, backup and disaster recovery, and DevOps; and Software as a Service, including data centre management, monitoring and vulnerability scanning tools. It serves more than 1,400 clients across sectors such as government, BFSI, healthcare, manufacturing and e-commerce, including cooperative banks and government ministries. The company is founded and led by Piyush Somani as Managing Director.

As per the RHP, total revenue rose to about Rs 361 crore in FY25 from Rs 292 crore in FY24, while profit after tax rose to about Rs 55.6 crore in FY25 from Rs 13.6 crore in FY24. This is a mainboard IPO comprising entirely a fresh issue of equity shares of face value Rs 1 each aggregating up to Rs 600 crore, with no offer-for-sale component, proposed to be listed on the BSE and NSE. Of the net proceeds, Rs 480.7 crore is earmarked for the purchase and installation of cloud computing equipment and other data centre infrastructure, with the balance for general corporate purposes. The company may also undertake a pre-IPO placement of up to Rs 120 crore, which would reduce the fresh issue size correspondingly.