ESDS Software Solutions is preparing to launch an initial public offering (IPO) worth ₹720 crore within the next 4-6 weeks, aiming to become India’s first listed data centre operator, according to livemint.com. The Nashik-based company increased the size of its fresh issue from an earlier target of ₹600 crore. This move follows the shelving of a ₹3,700 crore data centre IPO by Sify Infinit Spaces due to weak market conditions.
The company had initially planned a ₹600 crore fresh issue but raised the target to ₹720 crore as market conditions improved. ESDS had postponed its IPO earlier, citing volatile market conditions. The decision to proceed now reflects a more favorable environment for public listings in the data centre sector. The company’s IPO will mark a significant milestone as no other data centre operator in India has yet listed publicly, livemint.com reported.
The IPO comes at a time when the Indian data centre market is expanding rapidly, driven by increased digital adoption and cloud services demand. ESDS’s listing could set a precedent for other players in the sector, which has seen interest from investors but limited public market access. The shelving of Sify Infinit Spaces’ larger IPO highlights the cautious approach companies are taking amid fluctuating market sentiment. ESDS’s move may encourage other data centre firms to consider public listings.
ESDS’s IPO is expected to close within 4-6 weeks, with the company finalizing the issue size at ₹720 crore. This will make ESDS the first data centre operator to be publicly traded in India, providing investors direct exposure to the growing infrastructure segment, according to livemint.com.