Neilsoft Files for IPO, Plans ₹900 Million Fresh Issue & Stake Sale

Pune-based engineering solutions provider Neilsoft Ltd has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), signaling its intent to go public. The IPO will consist of a fresh issue of shares worth ₹900 million and an offer for sale (OFS) of up to 8 million shares by existing shareholders.

Key Highlights:
IPO Structure: The offering includes a ₹900 million fresh issue and an OFS of 8 million shares by promoters and early investors.

Fund Utilization: Proceeds from the fresh issue will be used for office expansion, infrastructure upgrades, IT system enhancements, and software licensing.

Company Growth: Neilsoft reported ₹325.85 crore revenue in FY24, marking an increase from ₹291 crore in FY23. Net profit also rose to ₹57.85 crore, up from ₹46.64 crore in the previous year.

Market Position: With over two decades of experience, Neilsoft specializes in engineering services for architecture, construction, manufacturing, and industrial plants.

IPO Management: The issue is being managed by Equirus Capital and IIFL Capital, with Link InTime as the registrar.

Neilsoft’s IPO marks a strategic move to strengthen its technological and operational capabilities, positioning itself for long-term growth in the engineering services sector.

Source: SEBI, IPO Central, IPO Watch