ESDS Software Solution Re-Files Draft Papers For Rs 600-Crore IPO

ESDS Software Solution Ltd., an end-to-end AI-enabled cloud, data-centre infrastructure and software solutions provider, has re-filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering worth Rs 600 crore.

Previously, the company had filed its DRHP in September 2021. However, it had withdrawn its draft document in December 2021.

The IPO solely comprises a fresh issue with a face value of Re 1 per equity share. The equity shares are proposed to be listed on BSE Ltd. and the National Stock Exchange of India Ltd.

DAM Capital Advisors Ltd. and Systematix Corporate Services Ltd. are the book-running lead managers for the issue. MUFG Intime India Pvt. Ltd. will be the registrar of the issue.

Proceeds from the issue will be used to fund the purchase and installation of cloud computing and other equipment and infrastructure for the company's data centres. Additionally, the rest will be used for general corporate purposes.

The company offers a comprehensive platform of cloud infrastructure and software solutions consisting of infrastructure as a service or IaaS, which is broadly divided into colocation and data centre services, cloud services and cloud computing; managed services and software as a service.

SaaS allows the company to provide well architected cloud-adoption solutions to our customers aimed at reducing their cost while providing security, flexibility, scalability and reliability.

The company operates its IaaS services through four data centres in India, which are located in: Nashik, Navi Mumbai, Bengaluru and Mohali.

ESDS Software Solution has a diversified customer base, which include customers from BFSI, healthcare, education, energy and utilities, real estate, IT and IT-enabled services, agriculture, manufacturing, entertainment and media sectors; and government institutions and departments.