{"id":53017,"date":"2026-08-25T15:43:13","date_gmt":"2026-08-25T10:13:13","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=53017"},"modified":"2026-08-25T15:43:13","modified_gmt":"2026-08-25T10:13:13","slug":"esds-software-solution-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/esds-software-solution-ipo\/","title":{"rendered":"ESDS Software Solution IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53017\" class=\"elementor elementor-53017\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a1985d1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a1985d1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f875a57\" data-id=\"f875a57\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1475ebf elementor-widget elementor-widget-text-editor\" data-id=\"1475ebf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n  <meta charset=\"UTF-8\" \/>\n  <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\" \/>\n  <title>ESDS Software Solution IPO \u2013 Flattrade Kosh<\/title>\n  <style>\n    \/* ==========================================================================\n       1. DESIGN TOKENS & RESET\n       ========================================================================== *\/\n    :root {\n      --brand-primary: #16a34a;\n      --brand-primary-hover: #15803d;\n      --brand-light: #f0fdf4;\n      --brand-border: #bbf7d0;\n      \n      --neutral-900: #0f172a;\n      --neutral-800: #1e293b;\n      --neutral-700: #334155;\n      --neutral-600: #475569;\n      --neutral-500: #64748b;\n      --neutral-200: #e2e8f0;\n      --neutral-100: #f1f5f9;\n      --neutral-50:  #f8fafc;\n      --surface:      #ffffff;\n      \n      --radius-sm: 6px;\n      --radius-md: 10px;\n      --radius-lg: 16px;\n      --radius-full: 9999px;\n      \n      --shadow-subtle: 0 1px 3px rgba(0, 0, 0, 0.04), 0 1px 2px rgba(0, 0, 0, 0.02);\n      --shadow-card: 0 4px 12px -2px rgba(15, 23, 42, 0.06), 0 2px 6px -2px rgba(15, 23, 42, 0.04);\n      --shadow-hover: 0 12px 24px -4px rgba(15, 23, 42, 0.10);\n      \n      --font-stack: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Inter, \"Helvetica Neue\", sans-serif;\n    }\n\n    *, *::before, *::after {\n      box-sizing: border-box;\n      margin: 0;\n      padding: 0;\n    }\n\n    body {\n      font-family: var(--font-stack);\n      background-color: var(--neutral-50);\n      color: var(--neutral-700);\n      line-height: 1.75;\n      -webkit-font-smoothing: antialiased;\n    }\n\n    \/* ==========================================================================\n       2. LAYOUT WRAPPER\n       ========================================================================== *\/\n    .cmr-article-wrapper {\n      max-width: 760px;\n      margin: 32px px 64px;\n      background: var(--surface);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-lg);\n      padding: 40px 32px;\n      box-shadow: var(--shadow-card);\n    }\n\n    \/* ==========================================================================\n       3. HEADER & META\n       ========================================================================== *\/\n    .meta-bar {\n      display: flex;\n      align-items: center;\n      gap: 10px;\n      margin-bottom: 18px;\n    }\n\n    .tag-badge {\n      display: inline-flex;\n      align-items: center;\n      gap: 6px;\n      background: var(--brand-light);\n      color: var(--brand-primary);\n      border: 1px solid var(--brand-border);\n      border-radius: var(--radius-full);\n      padding: 3px 12px;\n      font-size: 11px;\n      font-weight: 700;\n      letter-spacing: 0.06em;\n      text-transform: uppercase;\n    }\n\n    .tag-badge::before {\n      content: \"\";\n      width: 6px;\n      height: 6px;\n      background-color: var(--brand-primary);\n      border-radius: 50%;\n    }\n\n    .meta-source {\n      font-size: 13px;\n      font-weight: 500;\n      color: var(--neutral-500);\n    }\n\n    h1.post-title {\n      font-size: 28px;\n      font-weight: 800;\n      color: var(--neutral-900);\n      line-height: 1.25;\n      letter-spacing: -0.02em;\n      margin-bottom: 24px;\n    }\n\n    h2.section-heading {\n      font-size: 19px;\n      font-weight: 700;\n      color: var(--neutral-900);\n      margin: 36px 0 16px;\n      letter-spacing: -0.01em;\n      display: flex;\n      align-items: center;\n      gap: 8px;\n    }\n\n    .cmr-article-wrapper p {\n      font-size: 15.5px;\n      margin-bottom: 18px;\n      color: var(--neutral-700);\n      text-align: justify;\n    }\n\n    .cmr-article-wrapper strong {\n      color: var(--neutral-900);\n      font-weight: 600;\n    }\n\n    \/* ==========================================================================\n       4. IPO AT A GLANCE GRID\n       ========================================================================== *\/\n    .cmr-glance-title {\n      font-size: 12px;\n      font-weight: 700;\n      color: var(--neutral-500);\n      text-transform: uppercase;\n      letter-spacing: 0.08em;\n      margin: 28px 0 14px;\n      display: flex;\n      align-items: center;\n      gap: 12px;\n    }\n\n    .cmr-glance-title::after {\n      content: '';\n      flex: 1;\n      height: 1px;\n      background: var(--neutral-200);\n    }\n\n    .cmr-glance-grid {\n      display: grid;\n      grid-template-columns: repeat(3, 1fr);\n      gap: 12px;\n      margin-bottom: 16px;\n    }\n\n    .cmr-glance-item {\n      background: var(--neutral-50);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-md);\n      padding: 16px;\n      transition: all 0.2s ease-in-out;\n    }\n\n    .cmr-glance-item:hover {\n      background: var(--surface);\n      border-color: #cbd5e1;\n      transform: translateY(-2px);\n      box-shadow: var(--shadow-subtle);\n    }\n\n    .cmr-glance-item.cmr-highlight {\n      background: linear-gradient(145deg, #ffffff, var(--brand-light));\n      border-color: var(--brand-border);\n    }\n\n    .cmr-glance-item.cmr-highlight .cmr-g-value {\n      color: var(--brand-primary);\n    }\n\n    .cmr-g-label {\n      font-size: 11px;\n      color: var(--neutral-500);\n      text-transform: uppercase;\n      font-weight: 600;\n      letter-spacing: 0.04em;\n      margin-bottom: 4px;\n    }\n\n    .cmr-g-value {\n      font-size: 17px;\n      font-weight: 800;\n      color: var(--neutral-900);\n      line-height: 1.25;\n    }\n\n    .cmr-g-sub {\n      font-size: 12px;\n      color: var(--neutral-500);\n      margin-top: 4px;\n    }\n\n    .glance-badge {\n      background: var(--neutral-100);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-sm);\n      padding: 10px 14px;\n      font-size: 13px;\n      color: var(--neutral-600);\n      margin-bottom: 28px;\n      font-weight: 500;\n      text-align: center;\n    }\n\n    \/* ==========================================================================\n       5. FEATURE LISTS\n       ========================================================================== *\/\n    .cmr-feature-list {\n      list-style: none;\n      padding: 0;\n      margin: 20px 0;\n      display: flex;\n      flex-direction: column;\n      gap: 12px;\n    }\n\n    .cmr-feature-list li {\n      position: relative;\n      padding-left: 28px;\n      font-size: 15px;\n      color: var(--neutral-700);\n    }\n\n    .cmr-feature-list li::before {\n    \n      position: absolute;\n      left: 0;\n      top: 1px;\n      width: 18px;\n      height: 18px;\n      background: var(--brand-light);\n      color: var(--brand-primary);\n      border: 1px solid var(--brand-border);\n      border-radius: 50%;\n      display: flex;\n      align-items: center;\n      justify-content: center;\n      font-size: 11px;\n      font-weight: 800;\n    }\n\n    \/* ==========================================================================\n       6. 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KPI STATS CARDS\n       ========================================================================== *\/\n    .kpi-grid {\n      display: grid;\n      grid-template-columns: repeat(3, 1fr);\n      gap: 12px;\n      margin: 20px 0 28px;\n    }\n\n    .kpi-card {\n      background: var(--neutral-50);\n      border: 1px solid var(--neutral-200);\n      border-radius: var(--radius-md);\n      padding: 16px 12px;\n      text-align: center;\n      transition: all 0.2s ease;\n    }\n\n    .kpi-card:hover {\n      background: var(--surface);\n      border-color: var(--brand-border);\n      transform: translateY(-2px);\n      box-shadow: var(--shadow-subtle);\n    }\n\n    .kpi-card .kpi-value {\n      font-size: 20px;\n      font-weight: 800;\n      color: var(--brand-primary);\n      line-height: 1.2;\n    }\n\n    .kpi-card .kpi-label {\n      font-size: 11px;\n      color: var(--neutral-500);\n      text-transform: uppercase;\n      letter-spacing: 0.05em;\n      margin-top: 4px;\n      font-weight: 600;\n    }\n\n    \/* ==========================================================================\n       8. OBJECTS OF THE ISSUE LIST\n       ========================================================================== *\/\n    .objects-list {\n      list-style: none;\n      padding: 0;\n      margin: 20px 0;\n      display: flex;\n      flex-direction: column;\n      gap: 10px;\n    }\n\n    .objects-list li {\n      display: flex;\n      justify-content: space-between;\n      align-items: center;\n      padding: 14px 18px;\n      border-radius: var(--radius-md);\n      background: var(--neutral-50);\n      border: 1px solid var(--neutral-200);\n      font-size: 14.5px;\n    }\n\n    .objects-list li .obj-label {\n      color: var(--neutral-700);\n    }\n\n    .objects-list li .obj-amt {\n      font-weight: 700;\n      color: var(--neutral-900);\n      white-space: nowrap;\n      margin-left: 16px;\n      background: var(--surface);\n      padding: 2px 8px;\n      border-radius: var(--radius-sm);\n      border: 1px solid var(--neutral-200);\n    }\n\n    \/* ==========================================================================\n       9. VERDICT BOX & CTA\n       ========================================================================== *\/\n    .cmr-verdict-card {\n      background: linear-gradient(145deg, #ffffff 0%, var(--brand-light) 100%);\n      border: 1px solid var(--brand-border);\n      border-left: 5px solid var(--brand-primary);\n      padding: 24px;\n      border-radius: var(--radius-md);\n      margin: 36px 0;\n    }\n\n    .cmr-verdict-title {\n      font-size: 17px;\n      font-weight: 800;\n      color: var(--neutral-900);\n      margin-bottom: 8px;\n    }\n\n    .cta-wrap {\n      text-align: center;\n      margin: 36px 0 16px;\n    }\n\n    .cta-btn {\n      display: inline-flex;\n      align-items: center;\n      justify-content: center;\n      gap: 8px;\n      background: var(--brand-primary);\n      color: #ffffff !important;\n      font-size: 15px;\n      font-weight: 700;\n      text-decoration: none !important;\n      padding: 14px 36px;\n      border-radius: var(--radius-full);\n      box-shadow: 0 4px 14px rgba(22, 163, 74, 0.25);\n      transition: all 0.2s ease;\n      cursor: pointer;\n    }\n\n    .cta-btn:hover {\n      background: var(--brand-primary-hover);\n      transform: translateY(-2px);\n      box-shadow: 0 6px 20px rgba(22, 163, 74, 0.35);\n    }\n\n    .source-note {\n      font-size: 12px;\n      color: var(--neutral-500);\n      margin-top: 32px;\n      border-top: 1px solid var(--neutral-200);\n      padding-top: 14px;\n      text-align: center;\n    }\n\n    hr.divider {\n      border: none;\n      border-top: 1px solid var(--neutral-200);\n      margin: 32px 0;\n    }\n\n    \/* ==========================================================================\n       10. RESPONSIVE MOBILE BREAKPOINTS\n       ========================================================================== *\/\n    @media (max-width: 640px) {\n      .cmr-article-wrapper {\n        margin: 16px 12px;\n        padding: 24px 16px;\n        border-radius: var(--radius-md);\n      }\n\n      h1.post-title {\n        font-size: 22px;\n      }\n\n      .cmr-glance-grid {\n        grid-template-columns: repeat(2, 1fr);\n      }\n\n      .kpi-grid {\n        grid-template-columns: repeat(2, 1fr);\n      }\n\n      .objects-list li {\n        flex-direction: column;\n        align-items: flex-start;\n        gap: 6px;\n      }\n\n      .objects-list li .obj-amt {\n        margin-left: 0;\n      }\n\n      .cta-btn {\n        width: 100%;\n        padding: 14px 20px;\n      }\n    }\n  <\/style>\n<\/head>\n<body>\n\n<main class=\"cmr-article-wrapper\">\n\n\n\n  <!-- \u2500\u2500 IPO AT A GLANCE \u2500\u2500 -->\n  <div class=\"cmr-glance-title\">IPO Summary<\/div>\n  \n  <div class=\"cmr-glance-grid\">\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Price Band<\/div>\n      <div class=\"cmr-g-value\">\u20b9408 \u2013 \u20b9429<\/div>\n      <div class=\"cmr-g-sub\">FV: \u20b91 \/ share<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item cmr-highlight\">\n      <div class=\"cmr-g-label\">Issue Dates<\/div>\n      <div class=\"cmr-g-value\">Aug 28 \u2013 Sep 1<\/div>\n      <div class=\"cmr-g-sub\">Year: 2026<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lot Size<\/div>\n      <div class=\"cmr-g-value\">34 Shares<\/div>\n      <div class=\"cmr-g-sub\">Min: \u20b914,586<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Total Issue Size<\/div>\n      <div class=\"cmr-g-value\">\u20b9720.00 Cr<\/div>\n      <div class=\"cmr-g-sub\">100% Fresh Issue<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Listing At<\/div>\n      <div class=\"cmr-g-value\">BSE &amp; NSE<\/div>\n      <div class=\"cmr-g-sub\">Tentative: Sep 4<\/div>\n    <\/div>\n\n    <div class=\"cmr-glance-item\">\n      <div class=\"cmr-g-label\">Lead Manager<\/div>\n      <div class=\"cmr-g-value\" style=\"font-size: 14px;\">DAM Capital<\/div>\n      <div class=\"cmr-g-sub\">Reg: MUFG Intime<\/div>\n    <\/div>\n  <\/div>\n\n  <div class=\"glance-badge\">\n    Bookbuilt Issue &nbsp;|&nbsp; Fresh Issue: \u20b9720.00 Cr (1,67,83,216 Shares) &nbsp;|&nbsp; Offer for Sale: Nil\n  <\/div>\n\n  <!-- \u2500\u2500 ABOUT THE COMPANY \u2500\u2500 -->\n  <h2 class=\"section-heading\">About the Business<\/h2>\n  <p>\n    Incorporated in <strong>August 2005<\/strong>, ESDS Software Solution Limited is an AI-enabled provider of cloud computing, managed services, data centre infrastructure, and software solutions in India. The company provides an end-to-end tech stack covering Infrastructure-as-a-Service (IaaS), Managed Services, and Software-as-a-Service (SaaS), catering to clients across BFSI, government, and enterprise segments.\n  <\/p>\n  <p>\n    ESDS operates five Tier 3 Data Centres across India covering over 75,266 sq. ft., backed by 24\/7 disaster recovery infrastructure and redundant power architecture. Its IaaS stack offers colocation, private\/public\/hybrid cloud, and GPU-as-a-Service (GPUaaS). It also develops proprietary products like <strong>SWARAJ Cloud<\/strong>, featuring patented vertical cloud autoscaling technology.\n  <\/p>\n\n  <ul class=\"cmr-feature-list\">\n    <li>Comprehensive product ecosystem spanning IaaS, SaaS, managed IT services, and Security-as-a-Service (SECaaS).<\/li>\n    <li>Robust operational footprint of 5 Tier 3 Data Centres serving over 2,501 enterprise, banking, and government clients.<\/li>\n    <li>Proprietary and patented auto-scaling cloud platform (SWARAJ Cloud) built for AI workloads and data sovereignty.<\/li>\n    <li>Experienced technical base with 993 employees across data centre operations, cloud infrastructure, R&amp;D, and security management.<\/li>\n  <\/ul>\n\n  <p>\n    The company&#8217;s promoters are <strong>Piyush Prakashchandra Somani, Komal Piyush Somani, and P.O.Somani Family Trust<\/strong>.\n  <\/p>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 FINANCIALS \u2500\u2500 -->\n  <h2 class=\"section-heading\">Financial Overview<\/h2>\n  <p>\n    ESDS Software Solution Ltd. demonstrated robust growth, with revenue expanding by 28% and Profit After Tax (PAT) surging by 117% between FY25 and FY26.\n  <\/p>\n\n  <div class=\"table-container\">\n    <table class=\"fin-table\">\n      <thead>\n        <tr>\n          <th>Metric (\u20b9 Cr)<\/th>\n          <th>FY 2026<\/th>\n          <th>FY 2025<\/th>\n          <th>FY 2024<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Total Income<\/td><td>\u20b9480.65<\/td><td>\u20b9376.64<\/td><td>\u20b9292.14<\/td><\/tr>\n        <tr><td>EBITDA<\/td><td>\u20b9234.23<\/td><td>\u20b9154.89<\/td><td>\u20b9101.88<\/td><\/tr>\n        <tr><td>PAT (Profit After Tax)<\/td><td>\u20b9120.82<\/td><td>\u20b955.61<\/td><td>\u20b913.61<\/td><\/tr>\n        <tr><td>Net Worth<\/td><td>\u20b9528.81<\/td><td>\u20b9405.55<\/td><td>\u20b9206.36<\/td><\/tr>\n        <tr><td>Reserves &amp; Surplus<\/td><td>\u20b9533.62<\/td><td>\u20b9407.54<\/td><td>\u20b9216.62<\/td><\/tr>\n        <tr><td>Total Borrowings<\/td><td>\u20b942.92<\/td><td>\u20b962.71<\/td><td>\u20b9149.04<\/td><\/tr>\n        <tr><td>Total Assets<\/td><td>\u20b91,937.90<\/td><td>\u20b9655.95<\/td><td>\u20b9547.71<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p class=\"fin-note\">Restated Consolidated Figures &nbsp;|&nbsp; Source: RHP Filings<\/p>\n\n  <!-- \u2500\u2500 KPIS \u2500\u2500 -->\n  <h2 class=\"section-heading\">Key Financial Metrics (FY26)<\/h2>\n  <div class=\"kpi-grid\">\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">49.60%<\/div>\n      <div class=\"kpi-label\">EBITDA Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">25.59%<\/div>\n      <div class=\"kpi-label\">PAT Margin<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">32.78%<\/div>\n      <div class=\"kpi-label\">ROCE<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">25.12%<\/div>\n      <div class=\"kpi-label\">Return on Equity<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">0.08<\/div>\n      <div class=\"kpi-label\">Debt \/ Equity<\/div>\n    <\/div>\n    <div class=\"kpi-card\">\n      <div class=\"kpi-value\">41.61x<\/div>\n      <div class=\"kpi-label\">Post-IPO P\/E<\/div>\n    <\/div>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 ISSUE RESERVATION \u2500\u2500 -->\n  <h2 class=\"section-heading\">Issue Reservation<\/h2>\n  <div class=\"table-container\">\n    <table class=\"res-table\">\n      <thead>\n        <tr>\n          <th>Investor Category<\/th>\n          <th>Allocation Limit<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Offer<\/td><\/tr>\n        <tr><td>Retail (RII) Shares Offered<\/td><td>Not less than 35% of the Net Issue<\/td><\/tr>\n        <tr><td>NII (HNI) Shares Offered<\/td><td>Not more than 15% of the Issue<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <hr class=\"divider\" \/>\n\n  <!-- \u2500\u2500 OBJECTS OF ISSUE \u2500\u2500 -->\n  <h2 class=\"section-heading\">Objects of the Issue<\/h2>\n  <p>\n    The net proceeds from the \u20b9720.00 Cr 100% fresh issue are proposed to be utilized as follows:\n  <\/p>\n  <ul class=\"objects-list\">\n    <li>\n      <span class=\"obj-label\">Purchase and installation of cloud computing, equipment, and infrastructure for Data Centres<\/span>\n      <span class=\"obj-amt\">\u20b9576.00 Cr<\/span>\n    <\/li>\n    <li>\n      <span class=\"obj-label\">General Corporate Purposes<\/span>\n      <span class=\"obj-amt\">Balance<\/span>\n    <\/li>\n  <\/ul>\n\n  <!-- \u2500\u2500 VERDICT CARD \u2500\u2500 -->\n  <div class=\"cmr-verdict-card\">\n    <div class=\"cmr-verdict-title\">The Final Verdict<\/div>\n    <p>\n      ESDS Software Solution Limited offers a high-margin business profile (EBITDA margin of 49.60% and PAT margin of 25.59%) in the rapidly growing domestic cloud infrastructure, data centre, and AI compute (GPUaaS) segments.\n    <\/p>\n    <p style=\"margin-top: 10px;\">\n      With \u20b9576.00 Cr (80% of net proceeds) directed toward data centre infrastructure and cloud compute expansion, the company is positioning itself to capture expanding enterprise and public sector demand for sovereign AI cloud solutions. Supported by an almost debt-free balance sheet (Debt\/Equity of 0.08) and strong return ratios (ROCE of 32.78%), the issue is valued at a post-issue P\/E of 41.61x at the upper band of \u20b9429 per share with a market capitalization of \u20b95,028.35 Cr. 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Your first step costs nothing.<\/p>\n    <span class=\"cta-light-btn-element\">Open Free Account<\/span>\n  <\/div>\n<\/a>\n\n<style>\n\/* ==========================================================================\n   FLATTRADE INDEPENDENT CTA ELEMENT (PRESERVED ORIGINAL LIGHT DESIGN)\n   ========================================================================== *\/\n\n@import url('https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600;700&display=swap');\n\n.ft-inline-light-cta {\n  width: 100%;\n  max-width: 680px;\n  margin: 1.5rem auto;\n  display: flex;\n  flex-direction: column;\n  align-items: center;\n  justify-content: center;\n  text-decoration: none;\n  position: relative;\n  overflow: hidden;\n  text-align: center;\n  border-radius: 12px;\n  \n  \/* Original Light Layout Properties *\/\n  background: #ffffff;\n  color: #1a2a40;\n  padding: clamp(1.75rem, 5vw, 2.75rem) clamp(1rem, 4vw, 2.25rem);\n  box-shadow: 0 8px 24px rgba(10, 22, 40, 0.06);\n  border: 1px solid #e2e8f0;\n  font-family: 'Inter', sans-serif;\n  transition: transform 0.2s ease, box-shadow 0.2s ease;\n}\n\n\/* Original radial light brand glow element *\/\n.ft-inline-light-cta::before {\n  content: '';\n  position: absolute;\n  top: -40%;\n  right: -20%;\n  width: clamp(160px, 35vw, 280px);\n  height: clamp(160px, 35vw, 280px);\n  background: radial-gradient(circle, rgba(0, 102, 204, 0.05) 0%, rgba(0,0,0,0) 70%);\n  pointer-events: none;\n}\n\n.cta-light-content {\n  display: flex;\n  flex-direction: column;\n  align-items: center;\n  justify-content: center;\n  width: 100%;\n  position: relative;\n  z-index: 2;\n}\n\n\/* Original Title Light Styling *\/\n.ft-inline-light-cta h2 {\n  color: #0a1628;\n  font-size: clamp(19px, 3.8vw, 24px);\n  font-weight: 700;\n  margin-bottom: 10px;\n  line-height: 1.3;\n  letter-spacing: -0.02em;\n  width: 100%;\n}\n\n\/* Original Paragraph Light Styling *\/\n.ft-inline-light-cta p { \n  color: #4a5568; \n  font-size: clamp(13.5px, 2.5vw, 14.5px); \n  margin-bottom: clamp(18px, 4vw, 24px); \n  line-height: 1.55;\n  font-weight: 400;\n  width: 100%;\n  max-width: 520px;\n}\n\n\/* Original Bold Highlight Box Badge Light Styling *\/\n.ft-inline-light-cta p strong {\n  color: #0066cc;\n  font-weight: 600;\n  background: rgba(0, 102, 204, 0.08);\n  padding: 2px 6px;\n  border-radius: 4px;\n  display: inline-block;\n}\n\n\/* Original Flattrade Vivid Electric Blue Button Mapping *\/\n.cta-light-btn-element {\n  display: inline-block;\n  background: #0066cc;\n  color: #ffffff;\n  font-weight: 600;\n  font-size: clamp(13.5px, 2.5vw, 14.5px);\n  padding: 12px clamp(20px, 5vw, 36px);\n  border-radius: 6px;\n  box-shadow: 0 4px 12px rgba(0, 102, 204, 0.25);\n  white-space: nowrap;\n  width: auto;\n  transition: background 0.2s ease, transform 0.1s ease, box-shadow 0.2s ease;\n}\n\n\/* Element wrapper hover actions routing down to the synthetic button element *\/\n.ft-inline-light-cta:hover {\n  transform: translateY(-2px);\n  box-shadow: 0 12px 32px rgba(10, 22, 40, 0.1);\n}\n\n.ft-inline-light-cta:hover .cta-light-btn-element {\n  background: #0052a3; \n  box-shadow: 0 6px 18px rgba(0, 102, 204, 0.35);\n}\n\n.ft-inline-light-cta:active {\n  transform: scale(0.99);\n}\n\n.ft-inline-light-cta:active .cta-light-btn-element {\n  transform: scale(0.98);\n  box-shadow: 0 2px 6px rgba(0, 102, 204, 0.15);\n}\n\n\/* Media query adaptation for viewports under 480px width *\/\n@media (max-width: 480px) {\n  .cta-light-btn-element {\n    width: 100%;\n    text-align: center;\n    padding: 13px 16px; \n  }\n}\n<\/style>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"ESDS Software Solution IPO \u2013 Flattrade Kosh IPO Summary Price Band \u20b9408 \u2013 \u20b9429 FV: \u20b91 \/ share&hellip;","protected":false},"author":10,"featured_media":53042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-53017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ipos","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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