Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size
Fujita Corporation-backed Neilsoft Ltd has refiled its draft papers with markets regulator Sebi to raise funds through an
initial public offering
(IPO). The
IPO
will have a combination of a fresh issue of shares worth Rs 90 crore and an offer-for-sale (OFS) of 80 lakh shares by promoters and existing shareholders, according to the draft red herring prospectus filed on Monday.
The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year.
by Taboola
by Taboola
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Neilsoft, a technology-driven engineering services and solutions company, plans to use Rs 69.63 crore to fund
capital expenditure
and the rest for general corporate purposes.
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Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers
Engineering Process Outsourcing
(EPO) services and develops tailored software applications to enable digital transformation.
The Pune-headquartered company's revenue from operations increased by 12 per cent from Rs 291 crore in the fiscal 2023 to Rs 326 crore in FY24. Profit after tax increased by 24 per cent from Rs 46.64 crore in the fiscal 2023 to Rs 57.85 crore in FY24.
Live Events
For the three months ended June 30, 2024, revenue from operations was Rs 88.24 crore and PAT stood at Rs 14.09 crore.
Equirus
Capital
and
IIFL Capital Services
are the book-running lead managers. The
equity
shares are proposed to be listed on the NSE and BSE.
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Your weekly horoscope is here to provide you with the insight and guidance you need to navigate the ups and downs of life. Get ready to discover what the stars have in store for you. Aries This week brings control over previously chaotic matters. Fortune favors you, particularly in business—your past efforts may be rewarded. It's an ideal time to restart delayed projects. Spiritual pursuits may call to you, possibly involving a peaceful journey or charitable donation. Assisting the underprivileged could bring fulfillment. At work, colleagues may seek your support, and real estate projects are likely to see progress. Toward the end of the week, favorable planetary alignments bring peace of mind and contentment. Gains from earlier investments are possible, and you'll be able to make quick, sound decisions in work or business—potentially leading to financial growth. You may consider reinvesting profits into your ventures, boosting your bank balance. Romance flourishes, enhancing domestic harmony. Singles could find a suitable match. Students are likely to be lucky, and couples may welcome a new family member. Taurus The beginning of the week may feel sluggish. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo You might feel unmotivated and experience setbacks. Avoid investments or high-risk financial activities, as losses are possible. Stay out of controversies, as they may drag you into unnecessary negativity. However, your strong willpower and blessings from elders can help you navigate these challenges. Avoid arguments in both domestic and romantic spheres. You may also feel drawn to spiritual or mystical topics. In the latter part of the week, your professional life sees improvement. Fate pushes you toward career or job-related responsibilities, increasing your commitment and possibly leading to mental fatigue. Social gatherings might take a backseat, but support from your partner will be comforting. Lovebirds may consider marriage. Job seekers could receive positive news, possibly through networking. Gemini This week highlights family responsibilities and domestic happiness. Health feels stable, and your bond with your spouse strengthens. You may enter a new business partnership or make quick decisions that yield profits. Investments in government-backed assets could be fruitful. However, monitor your diet to avoid throat or stomach issues. Those in fashion, media, film, education, or science fields will do particularly well. Later in the week, you'll be blessed with planetary support, bringing joy and productivity. Your professional network may expand, and you'll be able to implement new ideas with success. A spiritual inclination might lead you to plan a pilgrimage with family or friends, enriching your inner peace. Reunions or celebrations with close relatives could also be on the horizon. Cancer The week begins with strong planetary support, helping you overcome confusion and focus on your goals. Health improves, income increases, and expenses remain under control—boosting your finances. You'll have the upper hand in competitive situations, including legal matters. Recognition at work is likely, possibly with a promotion. A short trip related to academics or work may occur. However, the weekend may bring a dip in energy and mood. Boredom and emotional sensitivity could set in, along with health issues stemming from poor sleep. Avoid high-risk travel and be cautious of hidden rivals. Steer clear of arguments, as they could escalate into serious disputes. Delay important decisions for now. In love, maintain patience and avoid unnecessary conflicts. Leo This week brings mixed results due to shifting planetary influences. Your intellect and desire for knowledge will shine. You may consider higher education to advance your career or get involved in social causes. Investments in property or home may yield returns. Confidence may waver at times, but you'll keep hidden rivals in check. Lovebirds enjoy peaceful moments. Students and job seekers may receive encouraging news. The later part of the week may bring mood swings or emotional detachment. You could feel drawn to spiritual or occult topics. A dry or distant behavior may emerge, affecting your relationships. However, with the blessings of elders and some introspection, you can resolve personal issues. Self-awareness boosts your relationship with your partner. Conflicts in partnerships may settle. Students may make important career decisions, and singles might find a suitable match through family. Virgo The week begins with low energy due to weak planetary support. 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Capricorn This week, negative planetary influence may cause low energy and pessimism. Be cautious, as impulsive decisions could lead to setbacks. Avoid expecting too much—it could lead to disappointment. Travel and fast driving should be minimized for safety. Struggling to balance income and expenses may strain your finances, so avoid unnecessary spending. Keep a close watch on opponents, as hidden challenges may arise. By the end of the week, things start to look up. You'll reconnect with family and may attend social or family events. Maintain a calm and polite approach in all interactions. New income streams may open, strengthening your finances. You might purchase important household items for your home or office. Your inner resolve helps you meet deadlines. Sibling-related disputes may be resolved. Short work-related trips could help build your professional network. Aquarius This week promises financial recovery and opportunities, thanks to supportive planetary alignments. Losses may be reversed into profits, and new investments could lead to long-term gains. You'll expand your social circle, which could enhance your public image. Friends or family might assist you in property or asset investments that will yield returns in the near future. Students stay focused, and singles may find their soulmate. Couples might hear happy news regarding a child. Later in the week, you'll enjoy harmony at home. You may purchase artistic items or consider renovating your workspace. Joyous family moments will strengthen emotional bonds. Lovebirds may take the next step toward marriage. Children perform well academically or creatively. You'll manage your finances wisely, leading to increased savings. A fun trip or entertainment activity with family or friends is likely. Pisces The week begins with strong planetary support. Mental peace and happiness prevail, and you may experience a rise in social status. 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