NoPaperForms Solutions Limited Files DRHP With SEBI via Confidential Route
NoPaperforms is Info Edge's Third Portfolio Company Set To Go Public After Zomato And PB Fintech's Successful Listings
The SaaS Firm has likely Picked IIFL Capital And SBI CAPS as Bankers
NoPaperForms Is An Enrolment Automotation Firm Which Offers Customer Relationship Manager (CRM) Software To Eduacational Institutions That Help Them To Enrol, Communicate, Collect Fees, Help With Placements And Alumni Meetings Digitally
NoPaperForms Currently Serves To Over 1,200 Customers And Is Looking To Expand Internationally
NoPaperForms Currently Has Three Business Verticals :
▪︎ Meritto (Enrollment Cloud)
▪︎ Collexo (Payment Cloud)
▪︎ Meritto International
– Meritto Currently Serves 41% Private Universities In India
– The Company is In Talks With 15 Countries For International Expansion, It Has Started Operations in UAE And Malaysia in 2024
In Fy24, The SaaS Firm Reported A Revenue Of 70 Cr And PAT Of 4 Lakhs,
In 9M FY25, It Has Already Cloaked 67.7 Cr Topline
Info Edge Limited Had Invested ~30 Cr In 2018 For 48% Stake, NoPaperForms Is Eyeing ~1,500-2,000 Cr Valuation For It's IPO Which Would Yield Almost ~30× ROC
The Company And The IPO Seems Highly Interesting As It Is The Biggest Proxy To Government's Push To Increase The Gross Enrolment Ratio To 50% Till 2035 And The Need Of Robust Technology Solutions in The Eduacation Space