✍️ IPO Recommendation : ESDS Software Solution 👉 Data Center Theme stock Highlight is that ESDS is one of the only two players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India 👉 ESDS is a platform of cloud infrastructure and software solutions consisting of (i) infrastructure as a service (“IaaS”), which is broadly divided into colocation and Data Centre services, cloud services and cloud computing, (ii) managed services, and (iii) software as a service (“SaaS”) 👉 IPO Opens on Friday 28th Aug - Closes 1st Sept. Total Fresh issue of Rs 720 crores Price Band - ₹ 408 – ₹ 429 per share ESDS Software raises ₹216 Cr from anchor investors ahead of ₹720 Cr IPO 👉 Revenue grew 28% annually to ₹472.2 Cr (FY24-26) Net Profit jumped nearly 9x to ₹120.8 Cr EBITDA margin expanded to 49.6% (from 35.6%) RoE improved to 25% (from 6%) 👉Valuation & Verdict ⚖️ Post-IPO P/E 41.6x | P/S 10.7x Strong financials and capacity expansion plans, but customer concentration and rising input costs (GPUs, memory, cooling) remain key risks. 💪 Final View : Strong Recommendation To Apply
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