The ESDS Software IPO GMP is attracting attention ahead of the IPO opening on August 28, 2026. The latest reported Grey Market Premium (GMP) stands at ₹365 per share against the upper IPO price of ₹429. Based on this GMP, the indicative listing price comes to around ₹794 per share.
At this level, the implied premium works out to approximately 85.08% over the upper IPO price. However, GMP represents unofficial market activity. It can change before the listing and does not guarantee the actual listing price.
ESDS Software Solution Limited is launching a ₹720 crore mainboard IPO. The company has fixed the price band at ₹408 to ₹429 per share. The IPO carries a lot size of 34 shares and will remain open from August 28 to September 1, 2026.
Therefore, investors should look at the latest GMP along with the company’s business, financial performance, valuation and risks before making an IPO decision.
IPO GMP Today ESDS Software
As of August 27, 2026, the latest reported GMP for ESDS Software Solution IPO is ₹365.
Investors can estimate the possible listing price by adding the GMP to the upper end of the IPO price band.
Estimated Listing Price = ₹429 + ₹365 = ₹794
The indicative listing gain can then be calculated as follows:
₹365 ÷ ₹429 × 100 ≈ 85.08%
Thus, the current GMP points to an estimated listing price of around ₹794 per share and an indicative premium of about 85.08%.
However, this calculation only reflects the current grey-market indication. The actual listing price may differ because GMP can move up or down before the shares start trading.
ESDS Software IPO GMP Trend
The reported GMP has shown a sharp increase in the days leading up to the IPO.
| Date | Reported GMP |
| August 27, 2026 | ₹365 |
| August 26, 2026 | ₹351 |
| August 25, 2026 | ₹245 |
| August 24, 2026 | Not available |
IPO Details
| Particulars | Details |
| Company | ESDS Software Solution Limited |
| IPO Type | Mainboard |
| Issue Type | Book Built Issue |
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Price Band | ₹408 – ₹429 |
| Face Value | ₹1 per share |
| Issue Size | ₹720 crore |
| Fresh Issue | ₹720 crore |
| Offer for Sale | Nil |
| Lot Size | 34 shares |
| Minimum Investment | ₹14,586 |
| Listing | BSE and NSE |
| Tentative Listing Date | September 4, 2026 |
ESDS Software IPO Important Dates
| IPO Activity | Date |
| Anchor Investor Bidding | August 27, 2026 |
| IPO Opens | August 28, 2026 |
| IPO Closes | September 1, 2026 |
| Basis of Allotment | September 2, 2026 |
| Refund Initiation | September 3, 2026 |
| Share Credit | September 3, 2026 |
| Listing | September 4, 2026 |
ESDS Software IPO Expected Listing Price
The expected listing price often depends on the prevailing GMP before the shares list.
With the latest reported GMP at ₹365 and the upper IPO price at ₹429, the calculation gives:
₹429 + ₹365 = ₹794
Therefore, the current GMP-based indication suggests a possible listing price of around ₹794 per share.The difference between ₹429 and ₹794 represents an indicative premium of approximately ₹365 per share. In percentage terms, that equals around 85.08% over the upper IPO price.
About ESDS Software Solution
ESDS Software Solution Limited operates in the technology and digital infrastructure space. The company provides cloud, managed services, data-centre infrastructure and related IT solutions.
Its customer base includes organisations across sectors such as banking, financial services and insurance, government and enterprises. The company also provides services related to cloud infrastructure, data migration, backup, disaster recovery and managed IT services.
ESDS has also developed SWARAJ Cloud, an AI-powered cloud platform focused on data sovereignty, scalability, security and compliance.
Furthermore, the company’s business includes GPU-as-a-Service and other infrastructure solutions that support computing requirements.
The company operates data-centre infrastructure in India and has built its business around the growing demand for cloud and digital infrastructure.
ESDS Software IPO Financial Performance
The company’s recent financial performance is another important factor when evaluating the IPO beyond its GMP.
According to information reported from the company’s RHP, ESDS Software Solution recorded ₹472.21 crore in revenue from operations in FY2026 and ₹120.82 crore in profit. Its total income for FY2026 was reported at ₹480.65 crore.
| Financial Metric | FY2026 |
| Revenue from Operations | ₹472.21 crore |
| Total Income | ₹480.65 crore |
| Profit | ₹120.82 crore |
How Will ESDS Software Use the IPO Proceeds?
The company plans to use a substantial portion of the IPO proceeds for expanding its data-centre infrastructure.
According to the published IPO information, around ₹576 crore is proposed to be used for purchasing and installing cloud computing equipment and other infrastructure for its data centres. The remaining proceeds are intended for general corporate purposes.
This means the IPO is primarily designed to support the company’s infrastructure expansion rather than provide an exit for existing shareholders.
ESDS Software IPO GMP vs IPO Price
The current GMP is particularly notable when compared with the IPO price band.
| Metric | Value |
| Upper IPO Price | ₹429 |
| Latest Reported GMP | ₹365 |
| GMP as % of Upper Price | 85.08% |
| GMP-Based Indicative Listing Price | ₹794 |
Should You Rely on ESDS Software IPO GMP?
The ESDS Software IPO GMP can be useful for understanding unofficial market sentiment before listing, but it should not be the only factor in an IPO assessment.
GMP can change several times before listing and is not an official price discovery mechanism. It also does not account for every fundamental factor affecting the company’s long-term performance.
Instead, investors should review the company’s official offer documents and study its business model, financial performance, valuation and risk factors.
In particular, the Red Herring Prospectus (RHP) contains important information about the issue and the company. Investors should use the official documents as the primary source for detailed IPO information.
The latest reported ESDS Software IPO GMP is ₹365 as of August 27, 2026. GMP is unofficial and can change before the listing.
Based on the reported GMP of ₹365 and the upper IPO price of ₹429, the indicative GMP-based listing price is around ₹794 per share. This is only an estimate and is not guaranteed.
The ESDS Software IPO price band is ₹408 to ₹429 per equity share. The face value is ₹1 per share.
The IPO lot size is 34 shares. At the upper price band of ₹429, one lot requires an application amount of ₹14,586.
The shares are scheduled to list on the BSE and NSE on September 4, 2026, subject to the IPO timetable remaining unchanged.
Final Takeaway
The latest ESDS Software IPO GMP stands at ₹365 as of August 27, 2026. Against the upper IPO price of ₹429, this GMP indicates a possible listing price of around ₹794.
The corresponding indicative premium stands at approximately 85.08%.
However, GMP remains an unofficial indicator. It can change before the listing and cannot guarantee a specific listing price or return.
ESDS Software Solution is raising ₹720 crore through a fresh issue. The company plans to use a major portion of the proceeds for cloud computing equipment and data-centre infrastructure.
The IPO will open on August 28, 2026, and close on September 1, 2026. Investors should therefore consider the GMP along with the company’s fundamentals, financial performance, valuation and risk factors.
Disclaimer: Grey Market Premium figures are unofficial and may change at any time. GMP-based listing prices are only indicative and do not guarantee actual listing performance or returns. This article is provided for educational and informational purposes only and should not be considered investment advice. Investors should read the official IPO documents carefully and evaluate the associated risks before making an investment decision.