ESDS Software Launches ₹720 Crore IPO Amidst Scrutiny Over Russian Client

ESDS Software Solution opened its ₹720-crore IPO on August 28, 2026, setting a price band between ₹408 and ₹429 per share.

The company faces scrutiny as its largest client over the past two years was Gazprombank, a Russian lender currently under international sanctions.

ESDS has already secured ₹216 crore from anchor investors, with the proceeds intended to bolster cloud infrastructure and expand market operations.