Upcoming IPO: ESDS Software Solution refiles DRHP for ₹600 crore public offer

ESDS Software Solutions is preparing for an IPO to raise ₹600 crore to enhance its cloud services and infrastructure. In the IPO, 75% of the offer is slated to be reserved for QIBs, 15% for NIIs and 10% for retail investors. Out of ₹600 crore, the company plans to use ₹480.7 crore for the purchase and installation of cloud computing and other equipment and infrastructure for its data centres. Meanwhile, the remaining funds will be used for general corporate purposes. In the said IPO, not less than 75% of the offer shall be reserved for qualified institutional buyers, and not more than 15% shall be available for non-institutional bidders. Additionally, not more than 10% of the offer shall be available for allocation to retail individual investors.

Read more