ESDS Software Solution Ltd., an end-to-end AI-enabled cloud, data-centre infrastructure and software solutions provider, has received the nod for its initial public offering worth Rs 600 crore.

The IPO solely comprises a fresh issue with a face value of Re 1 per equity share. The equity shares are proposed to be listed on BSE Ltd. and the National Stock Exchange of India Ltd.

DAM Capital Advisors Ltd. and Systematix Corporate Services Ltd. are the book-running lead managers for the issue. MUFG Intime India Pvt. Ltd. will be the registrar of the issue.

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. Additionally, the rest will be used for general corporate purposes.