ESDS Software Solution IPO allotment likely today: GMP at 60%; here’s how to check your status

The wait is almost over for investors in the ESDS Software Solution IPO. The basis of allotment for the Rs 720-crore public issue is expected to be finalised today, September 2, 2026. Investors who bid for the issue can now check whether they have secured shares ahead of the company’s planned stock-market debut on September 4.

Adding to the excitement, the IPO’s grey market premium (GMP) is currently around 60%, signalling strong investor interest and pointing to the possibility of a sizeable listing gain, if the grey-market trend holds.

The IPO, which opened for subscription on August 28 and closed on September 1, received an overwhelming response from investors, with the issue being subscribed 135.88 times overall. Among the different investor categories, retail investors subscribed 39.64 times, while Non-Institutional Investors (NIIs) placed bids for 192.94 times the shares reserved for them. The Qualified Institutional Buyers (QIBs) category saw the strongest demand, with the issue subscribed 261.51 times.


With the demand significantly exceeding the number of shares on offer, investors are now eagerly awaiting the ESDS Software Solution IPO allotment result.

ESDS Software Solution has fixed the IPO price band at Rs 408–Rs 429 per share. The total issue size stands at Rs 720 crore.

The basis of allotment is expected to be finalised on September 2, 2026, followed by the credit of shares to successful applicants. The company is scheduled to make its debut on both the NSE and BSE on September 4, 2026.

Investors can check their allotment status through the registrar’s website or the stock-exchange platforms using details such as their PAN, application number or DP/client ID.

DAM Capital Advisors Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website

• Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
• Select ESDS Software Solution from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose ESDS Software Solution
• Enter your application number and PAN.

3.BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select ESDS Software Solution from the dropdown.
• Enter your application number OR PAN number.
• And fill the captcha and click search to view allotment.

Ahead of the IPO, ESDS Software Solution raised Rs 216 crore from anchor investors. The company allotted 50.34 lakh shares to anchor investors at Rs 429 per share.

ESDS Software Solution IPO GMP Today

The latest Grey Market Premium (GMP) for the ESDS Software Solution IPO stands at Rs 255 per share, implying a premium of around 60% over the IPO’s upper price band of Rs 429. Based on the current GMP, the issue is estimated to list at approximately Rs 684 per share, suggesting a potentially strong listing gain for successful allottees.

Disclaimer: GMP is an unofficial and market-driven indicator that can change before the stock’s listing. The estimated listing price is only indicative and should not be treated as a guarantee of the actual listing price or returns.

ESDS Software Solution IPO Proceeds

The proceeds from the ESDS Software Solution IPO will primarily be utilised to expand and strengthen the company’s data centre infrastructure. Approximately Rs 576 crore is proposed to be allocated towards the purchase and installation of cloud computing equipment and other data centre infrastructure.

The balance of the IPO proceeds will be used for general corporate purposes, providing the company with flexibility to meet its broader business and operational requirements.

Financial Performance

ESDS Software Solution Ltd. reported a significant improvement in its financial performance in FY26. Total income increased 28% year-on-year to Rs 480.65 crore, compared with Rs 376.64 crore in FY25.

Profitability improved even more sharply, with profit after tax (PAT) more than doubling to Rs 120.82 crore, up 117% from Rs 55.61 crore in the previous year. The strong growth in both revenue and profitability reflects a notable improvement in the company’s financial performance during FY26.

About ESDS Software Solution

Incorporated in August 2005, ESDS Software Solution Limited is an AI-enabled provider of cloud, managed services, data centre infrastructure and software solutions in India. The company offers an end-to-end portfolio spanning Infrastructure-as-a-Service (IaaS), managed services and Software-as-a-Service (SaaS), catering to customers across the BFSI, government and enterprise segments. In FY26, the company served 2,501 customers and recorded revenue from operations of Rs 4,722.10 million.

Its IaaS portfolio covers colocation and data centre services, as well as public, private, virtual private, hybrid and community cloud solutions and GPU-as-a-Service (GPUaaS). ESDS operates five Tier 3 data centres across India, spanning more than 75,266 sq. ft. These facilities are supported by redundant power systems, disaster recovery infrastructure and round-the-clock services.

The company’s managed services portfolio includes cloud and data centre management, cybersecurity, IT infrastructure and network management, backup and disaster recovery, database management and DevOps services.

ESDS also develops proprietary technology solutions, including SWARAJ Cloud, its patented cloud autoscaling technology. The platform has evolved into an AI-enabled cloud solution focused on data sovereignty, scalability, security, compliance and AI capabilities. Its SaaS offerings include data centre management tools, vulnerability scanners, web access firewalls, VPN solutions and AI-powered GPU monitoring solutions.

As of June 30, 2026, the company had 993 employees supporting its data centre operations, cloud infrastructure, security management, research and development, sales, service delivery and other functions.

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