ESDS Software plans to raise Rs 1,300 cr via IPO
Cloud services and data centre firm ESDS Software Solution is planning to raise Rs 1,200-1,300 crore through an initial share sale, market sources said on Thursday.
The company is likely to file preliminary papers with capital markets regulator Sebi this month for the initial public offering (IPO), they added.
The IPO may comprise the sale of equity shares through a primary and secondary offering.
Its business model is broadly classified into cloud services, data centre services and product R&D, and serves customers across BFSI, healthcare, education, energy & utilities, real estate, IT and ITeS, agriculture, manufacturing, entertainment & media, and e-commerce sectors.
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