ESDS Software plans to submit DRHP for an IPO ₹700 Crores

ESDS Software plans to submit DRHP for an IPO of ₹700 Crores.

Expert Analysis :

• IPO Announcement & Fundraising Plan: ESDS Software plans to launch a ₹700 crore IPO by filing DRHP with SEBI, with the entire amount expected to be a fresh issue.

• Previous DRHP Withdrawal: ESDS Software initially filed DRHP in December 2021 but withdrew due to market fluctuations and unfavorable conditions.

• IPO Management & Listing: ESDS Software has appointed DAM Capital as the lead manager and plans to list on BSE and NSE.

• IPO Fund Deployment: Proceeds will be used for data center expansion, investment in GPU cloud technology for AI, and covering long-term business expenses.

• Company Background: Founded in 2005 by Piyush Somani, ESDS Software provides AI-powered cloud services, managed solutions, data center infrastructure, and software products.

• Core Services: ESDS specializes in Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS), offering secure, scalable, and cost-effective cloud solutions for businesses.