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(25/08/2026 19:20)

ESDS Software Sol. announces launch of initial public offering

ESDS Software Solution Ltd. has announced public offering of 16783218 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 428.00 per share. The gross proceeds of the issue are expected to be Rs 72,000.01 lakhs.

The company's initial public offer (IPO) will open on 28 August 2026 and is expected to close on 01 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 408.00-429.00 per share.

The IPO includes a fresh Issue of 16783218 Equity Shares of the Company at an price of Rs 429.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 34 shares with bids in multiples of 34.

ESDS Software Solution Ltd. anticipates using the proceeds of the issue for .

Systematix Corporate Services Ltd.,DAM Capital Advisors Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

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