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ESDS Software Solution share price touched the 5% lower circuit for the seventh consecutive session on Tuesday, 6 October, extending the stock's recent decline. The company's one-month shareholder lock-in period ended on Monday, making around 3 million shares, or 2% of its total outstanding shares, eligible for trading.
However, the expiry of the lock-in period does not mean that these shares will necessarily be sold in the open market. It only makes the locked-in shares eligible for trading.
The stock has fallen 18.55% in the past week and 24.15% over the past two weeks, while it has risen 44.29% in the last one month.
ESDS Software Solution share price today was locked at ₹1,292.15 apiece on the BSE.
ESDS Software Solution made a strong debut on the stock exchanges on 4 September, listing at a premium of more than 76% over its IPO price of ₹429.
The stock debuted at ₹757 on the NSE, representing a 76.46% premium to the issue price. On the BSE, it listed at ₹746.30, a 73.96% premium.
The shares subsequently climbed further, hitting upper circuit levels of ₹908.40 on the NSE and ₹895.55 on the BSE, representing gains of 111.75% and 108.75%, respectively, over the issue price.
The IPO comprised an entirely fresh issue of equity shares worth up to ₹720 crore, with the price band set at ₹408–429 per share.
ESDS plans to use ₹576 crore of the IPO proceeds to purchase and install cloud computing equipment and other infrastructure for its data centres. The remaining proceeds will be used for general corporate purposes.
The company provides AI-enabled cloud services, managed services, data centre infrastructure, and software solutions.
On 29 September 2026, India Ratings and Research (Ind-Ra) upgraded the long-term rating on ESDS Software Solution Ltd’s ₹50 crore bank loan facilities to IND A/Stable from IND BBB+/Positive. It also upgraded the company’s short-term rating to IND A1 from IND A2+.
The upgrade follows a similar move by CRISIL Ratings, which on 16 September 2026 raised its ratings on ESDS’s bank facilities to Crisil A-/Positive/Crisil A2+, from Crisil BBB+/Positive/Crisil A2.
Ind-Ra attributed the upgrade to ESDS’s larger and more diversified business profile over FY24–FY26, growth in recurring revenue from cloud and managed services, better visibility from its order book and stronger credit metrics.
The agency also highlighted ESDS’s established position in India’s cloud and data centre market, along with its expanding role in government and enterprise-led digital transformation initiatives.
For the June quarter, ESDS Software Solution reported a 56% sequential decline in profit, with Q1 FY27 profit falling to ₹29.27 crore from ₹67.41 crore in the preceding quarter ended 31 March 2026.
Revenue from operations also declined 20% quarter-on-quarter to ₹133.65 crore in Q1 FY27, compared with ₹167.5 crore in the previous quarter.
However, on a year-on-year basis, the company's performance remained positive, with profit rising 14% and revenue increasing by more than 7%.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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