NoPaperForms Aims for Rs 2,000 Cr IPO by End of 2025
NoPaperForms Solutions Limited, a leading provider of software solutions for educational institutions, has announced plans to go public by the end of 2025. The company, founded in 2017, is aiming for an Initial Public Offering (IPO) with an estimated valuation of Rs 2,000 crore ($234 million).
The company's core product, Meritto, manages the entire student lifecycle for educational institutions and edtech companies. NoPaperForms also operates Collexo, a fee management system for educational institutions. The company's transition into a public entity was approved by its board and shareholders on May 22 and May 26, respectively, with the removal of 'Private' from its corporate identity.
The IPO, expected to raise Rs 500-600 crore (approximately $60-70 million), will be managed by investment banks ICICI Securities, IIFL Capital, and SBI Capital. NoPaperForms posted a standalone profit of Rs 4 lakh in FY24, with revenue jumping 45% year-over-year to Rs 70 crore.
NoPaperForms Solutions Limited, now valued at Rs 2,000 crore, is set to become a publicly traded company by the end of 2025. Its successful IPO, managed by top investment banks, is expected to raise significant funds and further boost the company's growth in the edtech sector.
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