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Business Standard
27-05-2025
- Business
- Business Standard
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. 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. 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. 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. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
27-05-2025
- Business
- Time of India
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 Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo 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. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. 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.
Economic Times
27-05-2025
- Business
- Economic Times
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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 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 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 the three months ended June 30, 2024, revenue from operations was Rs 88.24 crore and PAT stood at Rs 14.09 Capital and IIFL Capital Services are the book-running lead managers. The equity shares are proposed to be listed on the NSE and BSE.
