ESDS Software Solution Ltd. has re-filed its draft red herring prospectus for an initial public offering worth Rs 600 crore.
The IPO solely comprises a fresh issue with a face value of Re 1 per equity share and will be listed on BSE Ltd. and the National Stock Exchange of India Ltd.
Proceeds from the issue will be used to fund the purchase and installation of cloud computing and other equipment and infrastructure for the company's data centres.
ESDS Software Solution operates its IaaS services through four data centres in India and serves customers in various sectors.