Upcoming IPO, April 1 -- ESDS Software Solution, an end-to-end AI-enabled cloud, managed services, Data Centre infrastructure and software solutions provider, is making a second attempt to enter the Indian stock market. For this purpose, the company has filed a draft red herring prospectus with the stock market regulator, Securities and Exchange Board of India (SEBI), for an initial public offer (IPO). The company had earlier filed a DRHP in September 2021.

The company looks to raise Rs.600 crore via the IPO which is solely a fresh sale of equity shares with a face value of Rs.1 each.

ESDS Software Solution may consider further issue of shares through a preferential offer or any other method aggregating up to Rs.120 crore, as pre-IPO pl...