Esds Software Solution Ipo
ESDS Software Solution IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
DAM Capital Advisors Limited
Systematix Corporate Services Limited
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹600 Crores |
| Fresh Issue | Approx ₹600 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | -% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| Purchase and installation of cloud computing and other equipment and infrastructure for our Data Centres. | ₹480.73 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹198.68 | ₹197.32 | ₹2.57 | ₹522.56 |
| 2023 | ₹212.24 | ₹235.16 | ₹24.76 | ₹500.70 |
| 2024 | ₹292.14 | ₹268.76 | ₹15.84 | ₹547.71 |
| September 2024 | ₹173.37 | ₹144.39 | ₹23.52 | ₹601.78 |
| KPI | Values |
| ROE: | 6.23% |
| ROCE: | 14.53% |
| EBITDA Margin: | 35.56% |
| PAT Margin: | 4.75% |
| Debt to equity ratio: | 0.65 |
| Earning Per Share (EPS): | ₹1.35 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 6.60% |
| Net Asset Value (NAV): | ₹22.21 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| ESDS Software Solution IPO | 1.35 | NA | 6.60 | 22.21 | 2,865.18 Cr. |
| E2E Networks | 15.11 | 152.16 | 33.74 | 44.77 | 944.64 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |