How to Check ESDS Software Solution IPO Allotment Status

ESDS Software Solution Limited is an AI-enabled cloud, managed services, data centre infrastructure and software solutions provider incorporated in 2005. Its offerings span Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), catering to customers across banking and financial services, government and enterprise segments.  

Its IaaS portfolio includes colocation and data centre services, public, private, virtual private, hybrid and community cloud services, cloud computing and GPU-as-a-Service (GPUaaS). The company also provides cybersecurity, network protection, automated resource scaling and other managed IT services.  

As of March 31, 2026, ESDS operated five Tier 3 data centres across India spanning more than 75,266 square feet and served 2,501 customers during FY26. The company's proprietary technology portfolio includes its SWARAJ Cloud platform, which supports consumption-based cloud services and automated resource scaling.  

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ESDS Software Solution IPO is a ₹720 crore book-built mainboard issue, consisting entirely of a fresh issue of approximately 1.68 crore equity shares. There is no offer-for-sale component, meaning the proceeds from the issue, after expenses, will accrue to the company.  

The IPO opened for subscription on August 28, 2026 and closed on September 1, 2026. The basis of allotment is expected to be finalised on September 2, 2026, followed by refunds and credit of shares on September 3. The shares are scheduled to list on BSE and NSE on September 4, 2026.  

The price band was fixed at ₹408 to ₹429 per share, with a lot size of 34 shares. At the upper end of the price band, the minimum retail investment for one lot works out to ₹14,586. DAM Capital Advisors Limited and Systematix Corporate Services Limited are the book-running lead managers, while MUFG Intime India Private Limited is the registrar.  

Registrar:  MUFG Intime India Private Limited

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page

ESDS Software Solution IPO Subscription Status 

ESDS Software Solution IPO was subscribed 140.29 times as of 4:34 PM on September 1, 2026, based on the subscription figures provided. Qualified Institutional Buyers recorded the strongest demand at 272.19 times, followed by NIIs at 200.70 times and Retail Investors at 39.03 times. These figures match 5paisa's September 1 subscription update. 

The QIB category witnessed the sharpest increase on the closing day, rising from just 0.76 times on Day 2 to 272.19 times on Day 3.  

The NII category recorded strong demand throughout the bidding period, increasing from 3.62 times on Day 1 to 73.34 times on Day 2 and 200.70 times on the final day.  

Retail Investors subscribed their reserved portion 39.03 times, compared with 19.67 times on Day 2 and 2.75 times on Day 1.

Overall subscription increased from 2.15 times on Day 1 to 25.77 times on Day 2, before reaching 140.29 times by 4:34 PM on Day 3. The 5paisa snapshot recorded bids for approximately 164.82 crore shares against 1.17 crore shares offered at that time.  

Final post-close figures vary across exchange-based data snapshots. For example, NSE-based reporting subsequently showed overall subscription of around 135.88 times, while later trackers reported approximately 142.88 times. The table above retains the 140.29-times snapshot supplied and reported by 5paisa at 4:34 PM.  

ESDS Software Solution IPO Share Price and Investment Details 

ESDS Software Solution IPO price band was fixed at ₹408 to ₹429 per share, with a lot size of 34 shares. At the upper price of ₹429, the minimum retail application for one lot requires an investment of ₹14,586.  

The IPO has a total issue size of ₹720 crore and comprises entirely a fresh issue of approximately 1.68 crore shares. There is no OFS component, and the shares are proposed to list on BSE and NSE.  

Based on the subscription snapshot provided, QIBs led demand at 272.19 times, followed by NIIs at 200.70 times and Retail Investors at 39.03 times, taking the overall subscription to 140.29 times as of 4:34 PM on September 1.  

Given the level of oversubscription across investor categories, competition for allotment is high. The basis of allotment is expected on September 2, 2026, ahead of the proposed September 4 listing.  

Utilisation of IPO Proceeds 

ESDS Software Solution proposes to utilise ₹576 crore from the net proceeds towards the purchase and installation of cloud-computing and other equipment and infrastructure for its data centres. This represents the principal identified deployment of the IPO proceeds.  

The planned investment is intended to support ESDS's cloud and data-centre infrastructure, which underpins services such as cloud computing, GPUaaS, colocation and other IaaS offerings.  

The remaining eligible net proceeds are proposed to be utilised towards general corporate purposes, subject to applicable regulations and the limits specified in the offer documents.  

Since the entire ₹720 crore IPO is a fresh issue, there is no OFS component and no portion of the offer proceeds will be paid to selling shareholders.  

Business Overview 

ESDS Software Solution operates across India's cloud computing, data centre and enterprise software ecosystem. Its business model covers IaaS, managed services and SaaS, with revenue generated through models including pay-per-consumption, subscriptions and pay-per-branch arrangements.  

The company's infrastructure services include colocation, data centre services, public and private clouds, virtual private clouds, hybrid and community clouds, cloud computing and GPUaaS. This is complemented by managed IT, cybersecurity, network-protection and software solutions.  

ESDS serves customers across BFSI, government and enterprise segments. As of March 31, 2026, it operated five Tier 3 data centres spanning more than 75,266 square feet and served 2,501 customers during the financial year.  

The company reported revenue from operations of ₹472.21 crore in FY26, compared with ₹361.34 crore in FY25 and ₹286.52 crore in FY24. Profit after tax increased to ₹120.82 crore in FY26, from ₹55.61 crore in FY25 and ₹13.61 crore in FY24.  

EBITDA increased from ₹101.88 crore in FY24 to ₹154.89 crore in FY25 and ₹234.23 crore in FY26. Total borrowings declined to approximately ₹42.92 crore in FY26 from ₹149.04 crore in FY24.  

Key strengths include its integrated cloud and data-centre platform, proprietary technology capabilities, diversified service portfolio, exposure to government and BFSI customers, multiple revenue models and established data-centre infrastructure. Its SWARAJ platform also supports vertical auto-scaling and consumption-based cloud services.  

Investors should also consider risks associated with rapid technological change, cybersecurity incidents, dependence on data-centre availability and network infrastructure, capital expenditure requirements, competition from domestic and global cloud providers, customer concentration and evolving data-protection and regulatory requirements.