Neilsoft Ltd Gears Up for IPO With Revised Plans
Fujita Corporation-backed Neilsoft Ltd is pursuing an IPO to raise funds, featuring a fresh share issue worth Rs 90 crore. The company's revenue increased by 12% in FY24. The money raised will go towards capital expenditure and corporate purposes. Neilsoft offers engineering services and digital solutions.
- Country:
- India
Neilsoft Ltd, backed by Fujita Corporation, has refiled its draft papers with SEBI, indicating plans to generate capital through an Initial Public Offering (IPO).
The IPO will include a fresh issue of shares valued at Rs 90 crore, alongside an offer-for-sale by promoters and current shareholders amounting to 80 lakh shares, as outlined in the recent draft.
The Pune-based company's revenue rose 12% from Rs 291 crore in 2023 to Rs 326 crore in fiscal year 2024, with profits up by 24%. The funds will be allocated towards capital expenditure and general corporate applications.
(With inputs from agencies.)
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