ESDS Software Solution gets SEBI`s approval for Rs 600 crore IPO
ESDS Software Solution has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 600 crore through an initial public offering (IPO). The IPO is solely a fresh issue with no offer-for-sale (OFS) component.
Proceeds from the fresh issue to the extent of Rs 480.7 crore will be used for purchase and installation of cloud computing and other equipment and other infrastructure for the Data Centres and the remainder funds for general corporate purposes. DAM Capital Advisors and Systematix Corporate Services are the book-running lead manager to the issue. The equity shares of the company are proposed to be listed on BSE and NSE.
ESDS Software Solution provides the entire spectrum of cloud, managed services, data centre infrastructure and software solutions. It offers a comprehensive platform of cloud infrastructure and software solutions, which includes infrastructure as a Service (IaaS), categorized into colocation and data center services, cloud services, and cloud computing; Managed Services; and Software as a Service (SaaS).
