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IPO Listed — 04 Sep 2026

Listing Price: ₹757 (+76.46% vs ₹429)

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ESDS Software Solution

ESDS Software Solution IPO Review

ESDS Software Solution IPO has been reviewed by 5 analysts, and the overall consensus is Strong Apply — carrying a score of 100. Out of the 5 analysts who have covered this IPO, 5 recommend subscribing — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹408-429 per share , with a minimum application size of 34 shares (minimum investment of approximately ₹14,586 at the upper band) . Subscription ran from 28 Aug 2026 to 01 Sep 2026. As of now, the grey market premium (GMP) for ESDS Software Solution IPO is quoting at ₹247 (57.58%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

ESDS Software Solution is an AI-enabled technology infrastructure company offering cloud, managed services, data centre infrastructure and software, built on its patented auto-scaling Swaraj platform. FY26 income was ₹480.65 crore with profit of ₹120.82 crore. All five analysts covering the issue said subscribe.

Listing Gains

The notes value the issue between about 36.4 and 42 times FY26 earnings, on a market cap near ₹5,028 crore, comparing it with E2E Networks. Analysts describe that as reasonable against the peer given the growth on offer. With unanimous subscribe ratings, the coverage pointed to a positive listing.

Short Term Strategy

Net revenue grew steadily from ₹287 crore in FY24 to ₹361 crore and then ₹472 crore in FY26. Assets nearly tripled to ₹1,937.90 crore as data centre capacity was built. One note points out the asset-light model still requires heavy investment in servers, GPUs and networking equipment.

Long Term Strategy

Analysts recommend a long-term horizon, citing the patented Swaraj platform, an end-to-end offering that produces unusually loyal long-tenure customers, and an AI cloud infrastructure agreement that offsets concentration risk. The standing risk is competition from global hyperscalers, which could pressure pricing and raise customer acquisition costs.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Strong Apply
100 / 100

Recommend Subscribe

Based on 5 analyst reviews

5 / 5

Higher consensus indicates broader analyst agreement.

Analyst Review

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Frequently Asked Questions

Should I apply for ESDS Software Solution IPO?

Based on analyst coverage tracked on this page, the overall verdict for ESDS Software Solution IPO is Strong Apply. Out of 5 analysts who have reviewed this IPO, 5 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 100 mean for ESDS Software Solution IPO?

The score of 100 is an aggregate of all analyst ratings tracked for ESDS Software Solution IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

What was the actual listing price of ESDS Software Solution IPO?

ESDS Software Solution IPO listed on September 4, 2026 at ₹757 , against the issue price of ₹429 — a gain of +76.46% (₹328 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of ESDS Software Solution IPO?

ESDS Software Solution IPO was priced at ₹408-429 per share. The minimum lot size is 34 shares, making the minimum investment approximately ₹14,586 at the upper end of the price band. Subscription ran from 28 Aug 2026 to 01 Sep 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.