Latest news with #NeilsoftLtd
Mint
3 days ago
- Business
- Mint
Neilsoft refiles DRHP for IPO, plans ₹90-crore fresh issue to fuel expansion
Engineering services firm Neilsoft Ltd, backed by Japan's Fujita Corporation, has refiled its Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO includes a fresh issue of shares worth up to ₹ 90 crore and an offer-for-sale (OFS) of up to 8 million equity shares by existing shareholders. Neilsoft Ltd has revived its IPO plan as it looks to strengthen its capital base and fund key growth initiatives. The company plans to utilise ₹ 63.52 crore from the fresh issue proceeds primarily towards capital expenditures and general corporate purposes. The DRHP also allows for a potential pre-IPO placement of up to 20 percent of the fresh issue, which could reduce the size of the actual offering. Promoted by a group holding 54.43 percent stake, Neilsoft counts several prominent institutions among its public shareholders. These include Japan-based construction giant Fujita Corporation, which holds a 14.14 percent stake, as well as SIDBI (6.49 percent) and SICOM (4.93 percent). The IPO will follow the book-building route and is proposed to be listed on both the NSE and BSE. The issue will be managed by Equirus Capital Private Limited and IIFL Capital Services Limited as the book-running lead managers. The share allocation is structured to target 75 percent of the offer to qualified institutional buyers (QIBs), 15 percent to non-institutional investors (NIIs), and 10 percent to retail investors. Founded in 1991, Neilsoft operates in the high-growth engineering research and development (ER&D) space, offering specialised services in digitalisation, digitisation, and automation. Its core focus spans sectors such as architecture, engineering and construction (AEC), manufacturing, and industrial plants. The company runs delivery centres in Pune, Ahmedabad, Bengaluru, Bad Soden (Germany), and Tokyo, while its sales operations extend across India, Canada, and the United Kingdom. With a strong global footprint, Neilsoft serves clients in the Americas, Europe, Asia-Pacific, and India. Key clients include NBBJ Architecture, Praj Industries, and Hilti AG. Neilsoft has reported consistent growth in its financials. Revenue from operations rose 11.96 percent year-on-year to ₹ 325.85 crore in FY24 from ₹ 291.03 crore in FY23. Profit after tax also saw a strong 24.05 percent rise to ₹ 57.85 crore over the same period. For the nine months ended December 31, 2024, the company posted revenue of ₹ 289.06 crore and a PAT of ₹ 41.28 crore. With subsidiaries in Germany, Switzerland, Japan, and the United States, and R&D centres in Pune and Bad Soden, Neilsoft is well-positioned to benefit from rising global demand for engineering and digital transformation solutions.
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Business Standard
3 days ago
- 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
3 days ago
- 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
3 days ago
- 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.
Mint
3 days ago
- Business
- Mint
Neilsoft Refiles DRHP for IPO, plans ₹90-crore fresh issue to fuel expansion
Engineering services firm Neilsoft Ltd, backed by Japan's Fujita Corporation, has refiled its Draft Red Herring Prospectus (DRHP) with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO includes a fresh issue of shares worth up to ₹ 90 crore and an offer-for-sale (OFS) of up to 8 million equity shares by existing shareholders. Neilsoft Ltd has revived its IPO plan as it looks to strengthen its capital base and fund key growth initiatives. The company plans to utilise ₹ 63.52 crore from the fresh issue proceeds primarily towards capital expenditures and general corporate purposes. The DRHP also allows for a potential pre-IPO placement of up to 20 percent of the fresh issue, which could reduce the size of the actual offering. Promoted by a group holding 54.43 percent stake, Neilsoft counts several prominent institutions among its public shareholders. These include Japan-based construction giant Fujita Corporation, which holds a 14.14 percent stake, as well as SIDBI (6.49 percent) and SICOM (4.93 percent). The IPO will follow the book-building route and is proposed to be listed on both the NSE and BSE. The issue will be managed by Equirus Capital Private Limited and IIFL Capital Services Limited as the book-running lead managers. The share allocation is structured to target 75 percent of the offer to qualified institutional buyers (QIBs), 15 percent to non-institutional investors (NIIs), and 10 percent to retail investors. Founded in 1991, Neilsoft operates in the high-growth engineering research and development (ER&D) space, offering specialised services in digitalisation, digitisation, and automation. Its core focus spans sectors such as architecture, engineering and construction (AEC), manufacturing, and industrial plants. The company runs delivery centres in Pune, Ahmedabad, Bengaluru, Bad Soden (Germany), and Tokyo, while its sales operations extend across India, Canada, and the United Kingdom. With a strong global footprint, Neilsoft serves clients in the Americas, Europe, Asia-Pacific, and India. Key clients include NBBJ Architecture, Praj Industries, and Hilti AG. Neilsoft has reported consistent growth in its financials. Revenue from operations rose 11.96 percent year-on-year to ₹ 325.85 crore in FY24 from ₹ 291.03 crore in FY23. Profit after tax also saw a strong 24.05 percent rise to ₹ 57.85 crore over the same period. For the nine months ended December 31, 2024, the company posted revenue of ₹ 289.06 crore and a PAT of ₹ 41.28 crore. With subsidiaries in Germany, Switzerland, Japan, and the United States, and R&D centres in Pune and Bad Soden, Neilsoft is well-positioned to benefit from rising global demand for engineering and digital transformation solutions. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
