ESDS Software files draft papers with Sebi; aims to raise Rs 1,300 crore

Cloud services and data centre firm ESDS Software Solution has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,200-1,300 crore through an initial share sale.

The initial public offering (IPO) consists of fresh share issuance worth Rs 322 crore and an offer for sale (OFS) of up to 2.15 crore equity shares by investors and a member of the promoter group, according to draft red herring prospectus (DRHP).