ESDS Software plans to raise Rs 1,300 cr via IPO
- Country:
- India
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.
Founded in 2005 by Piyush Somani, the digital transformation catalyst and enabler is present across APAC, Europe, the Middle East, the Americas and Africa.
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.
Some of the company's customers include Small Industries Development Bank of India, Tata Capital, DCB Bank, Muthoot Group, Union Bank and SBI Capital Markets.
In 2015, CanBank Venture, the wholly-owned subsidiary of Canara Bank, had invested Rs 25 crore in Nashik-based ESDS Software Solution.
ALSO READ
-
From Cancer Care to Nuclear Careers, IAEA Conference Puts Global Progress in Focus
-
African Venture Capital Gets a Boost as Oxford Programme Builds Investor Connections
-
Free AI Training Opens Doors for African Public Officials to Build Smarter Services
-
Over 9 Million People Gain Better Access to Social Protection Through ILO Support
-
Italy and UN Partners Set Out Rome’s Growing Role as Global Development Finance Hub
Google News