The company initially applied for the IPO in December 2021 but withdrew due to the state of the unfavorable market. Next to the fresh filing, ESDS has appointed merchant bankers, in which the dam is the lead manager of the book running the book.
IPO income will be used to expand data centers, invest in GPU cloud for artificial intelligence and meet long -term working capital requirements under general corporate purposes.
Established by Piyush Somani in 2005, ESDS SOFTWARE FIFT WARE provides AI-enabled Cloud Solutions, Managed Services, Data Center Infrastructure and S. Software Futware Solutions. Its ings furings include catering for businesses with infrastructure-a-a-service (IAAS) and S. Software-A-A-Service (Sass), safe, scalable and cost-effective cloud solutions.
The company serves various client bases, including BFSI companies, government institutions (clouds of government community) and enterprises. Key customers and partners include SIDBI, PFC, STPI, Infrasoft Technologies, Tech Mahindra and NTT data business solutions.
With over 1000 customers, ESDS registered Rs 286 crore and Rs 15 crore for the financial year ending March 31, 2024.
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