ESDS Software Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022This article has been designed to deliver every detail from every angle in respect of the upcoming IPO proposed by ESDS Software Solutions.
In this composition, we have covered all the key ingredients about the company and its IPO including background of the company, its product and services, its promoters and holding.
Information regarding this IPO including important dates, size, price, grey market premium, subscription status, allotment status and other subjects which have underlying influence on the performance or the outcome of the IPO.
ESDS Software Solutions IPO Review is for your assistance and help you get all the tactic for considering investment.
| Face Value | Rs 1 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.322 Crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
ESDS Software Solutions IPO Overview
ESDS instituted its operations in the year 2005 and has been serving as an end-to-end multi-cloud requirement providers in India.
It is serving as a distinguished entity and one of the pioneers introducing cloud hosting in India. With this IPO, the company is making an offer of 2,15,25,000 equity shares via an offer for sale and fresh shares worth Rs. 322 crores.
The DRHP states the objects of the IPO. The face value of the shares is Rs. 1.
In order to effect the ESDS IPO, the company has been converted from a private company to a public company in July 2021.
And subsequently changed its name from ESDS Software Solutions Private Limited to ESDS Software Solutions Limited.
ESDS Software Solutions IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
In early December 2021, the company obtained the observation letter from SEBI for its DRHP filed in pursuance of the IPO consisting of an Offer for Sale and Fresh Issue. The business enterprise may float the IPO in January 2022.
The IPO will be listed on NSE and BSE. The final IPO Dates are yet to be declared.
It is critical to choose an upright date for introducing IPO in the market as it can largely direct the movement of IPO and its success.
ESDS Software Solutions IPO Price, Size, Share Offerings
| Face Value | Rs.1 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.322 Crore |
| IPO Size | Not Disclosed |
ESDS Software Solutions IPO Price and ESDS Software Solutions IPO Size is not determined up to now.
The company is offering 2,15,25,000 equity shares via Offer for Sale and a fresh issue of equity shares worth Rs. 322 crores in the upcoming IPO.
The price band, floor price and the final price of the shares will be determined with the help of Book Building Process in consultation with Book Running Lead Managers considering all the essential factors and aspects.
ESDS Software Solutions IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
The ESDS Software Solutions IPO GMP is not live yet. As the IPO date is approaching, the Grey Market Premium details will be made available in a short time.
Grey Market happens to be the platform where the shares are traded in unofficially.
It is unregulated market and is usually active before the listing of the shares of the respective business enterprise. Grey Market Premium is the profit that individuals make.
ESDS Software Solutions IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
ESDS Software Solutions IPO Subscription will be based on the following reservations, namely, for QIBS – 50%, NII – 15% and for Retail Investors, not less than 35% of the offer.
The subscription will be made in confirmation with SEBI regulations made in this regard.
After the IPO is open for placing the bids by the investors, the details and specifications about subscription will be updates. All the allotment to the successful bidders will be made in Dematerialized form only.
Link Intime is the registrar to the issue.
The Lead Managers of the issue are:
- Axis Capital Limited
- IIFL Securities Limited
The details in respect of the price band and subscription will be made available in a short time.
ESDS Software Solutions IPO Allotment Status
ESDS Software Solutions IPO Allotment of the shares and pursuant transfer will be made to the successful bidders after the basis of allotment has been determined by the company in respect of the fresh issue and offer for sale.
Live Performance ESDS Software Solutions IPO
You will be able to observe the live performance of the ESDS Software Solutions IPO once it is open for the public by just clicking on the link given below.
Subscribe to ESDS Software Solutions IPO – Open Free Demat Account Now!
ESDS Software Solutions – Company Review
The Nashik based Cloud service and multi cloud requirement provider entity, ESDS Software instituted its operations in the year 2005 has successfully emerged as a leading and eminent mark in the industry.
Under its wide array of operations, it proffers seamless one-stop solutions to its clients and caters the requirement of operating up top technical advancements.
The company’s offerings are divided in broad categories including, Cloud Computing Infrastructure as a Service (IaaS), Software as a Service (SaaS) and Managed Services.
The customer base of the company is tremendously broad from Government ministries to top notch entities like BFSI, manufacturing, IT and ITES, telecom, real estate, pharmaceuticals, retail, and education comprehending predominant sectors. Also, the company offers its services internationally as well.
Products or Services
The offerings of ESDS Software Solutions is spread over largely. They are a leading Cloud Service provider in the industry and operates nationally as well as internationally.
Some of its products are:
- ESDS eNlight 360° – Next Generation on-premise Hybrid Cloud Solution
- eNlight OSv – A Fully Managed Enterprise Class OS with built-in Hypervisor Solution
- eMagic – Get Ease of Datacenter Infrastructure Management with eMagic
Promoters and Holding
The founders of the Gurugram based company, ESDS Software Solutions are Piyush Prakashchandra Somani.
The company is professionally managed and does not have any identifiable promoters. The management of ESDS Software Solutions comprises of the following:
- Piyush Prakashchandra Somani holds the position of Managing Director and Chairman
- Komal Somani holds the position of Whole Time Director
- Sarla Prakaschandra Somani holds the position of Executive Director
- Sandeepkumar Mehta holds the position of Chief financial officer
- Aniket Khandelwal holds the position of Company secretary and compliance officer
Is ESDS Software Solutions good for Investment?
The company is offering technological advancement services and are highly in demand in the market.
The entity has been one of the leading entities in the industry ever since its inception. With the ESDS Software Solutions IPO, the company will be able to effect the requisite fundings and requirement of its operations and future growth.
The company is a one stop place for all the cloud adoption requirements. The products and services of ESDS Software Solutions are highly valued.
ESDS Software Solutions Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Assets | 4,604.37 | 4,115.96 | 2,847.09 |
| Revenue | 1,741.01 | 1,605.34 | 1,375.41 |
| Expense | 1,653.35 | 1,570.58 | 1,195.38 |
| Profit After Tax | 54.85 | 9.35 | 138.12 |
The company has reported a profit of Rs 5.48 crore of the financial year 2021. Its revenue for the same period stands at Rs 171.93 crore and is generating enhanced profits year-on-year.
For instance, it has evidenced an increase in the revenue as well profit as compared to the financial year 2020 which are revenue – Rs 158.57 crore and Profit – Rs 0.94 crore respectively.
With the proposed ESDS IPO, Company has planned to utilize the proceeds from the fresh issue for the purchase of cloud computing equipments, employing the funds towards maintaining long term working capital requirements and for the repayment of outstanding debts.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 1.03 | 0.04 | 2.49 |
| Diluted | 0.96 | 0.04 | 2.39 |
ESDS Software Solutions IPO Review
The ESDS Software Solutions IPO can be a prosperous opportunity for the investors.
The IPO is not wholly an Offer for Sale which means the promoters of the company are not attempting offload all of their shares and seek the exit door.
The Company has high success and growth prospects. The company largely depends on technology and operations are growing continuously.
At present, it is already serving some of the major entities which reflects its strength in the industry.
ESDS Software Solutions IPO Details
Here are few more details you need to know before investing in this IPO –
ESDS Software Solutions IPO Issue Object
ESDS Software Solutions has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Purchase cloud computing equipment for our data centers
- Funding our long-term working capital requirements;
- Repayment/pre-payment, in full or in part, of certain term loans availed by our Company; and
- General corporate purposes
ESDS Software IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Comprehensive and integrated range of offerings that provide a “one stop shop” for managed cloud solutions to a diversified and marquee clientele;
- Robust and scalable business model with multiple levers of growth;
- Innovative billing solutions that derive value to customers;
- Leadership position in the industry with a proven track record; and
- The strength and experience of our senior management team.
Quantitative factors are:
| Basic EPS | Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1.03 | 0.96 | 2.99 | 34.57 |
| 31-Mar-20 | 0.04 | 0.04 | 0.14 | |
| Mar-19 | 2.49 | 2.39 | 12.53 |
ESDS Software Solutions IPO Lead Managers
Here are the list of Lead managers –
- Axis Capital Limited
- IIFL Securities Limited
ESDS Software Solutions IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
C101, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai – 400 083
Maharashtra, India
Tel.: +91 22 4918 6200
E-mail: esds.ipo@linkintime.co.in
Investor Grievance Email: esds.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
ESDS Software Solutions IPO – Other Details
- Statutory Auditor – Shah Khandelwal Jain & Associates
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – Axis Bank Limited, IndusInd Limited and State Bank of India
ESDS Software Solutions IPO – Conclusion
In the long run, as the companies and enterprises are aggressively moving towards adapting the most recent technologies, the ESDS Software Solutions will also more prospects and will grow.
Therefore, ESDS Software Solutions IPO might turn out to be successful for the entity itself and for the investors also.
To Subscribe to ESDS Software Solutions IPO – Open Demat Account Now!
ESDS Software Solutions IPO Review FAQs
Check out the FAQs on ESDS Software Solutions IPO –
What is the Issue Size of ESDS Software Solutions IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of ESDS Software Solutions IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the ESDS Software Solutions IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the ESDS Software Solutions IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the ESDS Software Solutions IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of ESDS Software Solutions IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of ESDS Software Solutions IPO?
Here are the promoters of this IPO – PIYUSH PRAKASHCHANDRA SOMANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of ESDS Software Solutions IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is ESDS Software Solutions IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of ESDS Software Solutions Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 54.85, 2020 is 9.35, 2019 is 138.12.
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