Fujita Corp-backed Neilsoft refiles DRHP with reduced IPO size
In December 2024, the company had filed DRHP to raise ₹100 crore through the fresh issue. However, the earlier submission was returned by SEBI in March
Neilsoft has refiled its draft red herring prospectus (DRHP) with Securities and Exchange Board of India to launch its initial public offering.
The IPO from Tokyo’s Fujita Corporation-backed company is a mix of fresh issue worth ₹90 crore and an offer-for-sale for sale up to 80 lakh shares by promoters and other selling shareholders.
Earlier, in December 2024, the company had filed DRHP to raise ₹100 crore through the fresh issue. However, the earlier submission was returned by SEBI in March.
Promoters (Rupa Harish Shah, Harishkumar Shah, Netsophy Pvt Ltd and ) selling shareholders (Small Industries Development Bank of India, SICOM Ltd, Rajan Vasant Vakil, Priti Rajan Vakil, Shirish Shrikrishna Sathe, Swati Shirish Sathe, Haresh Shantichand Jhaveri, Darshan Haresh Jhaveri and Rajnikant Dwarkadas Shah and Mina Rajnikant Shah) will sell shares through the OFS window.
The company, in consultation with the BRLMS, may consider a pre-IPO placement of specified securities and the amount raised under the pre-IPO placement will be reduced from the fresh issue.
The proceeds from the fresh issue to the extent of ₹63.52 crore will be used for funding of capital expenditure and general corporate purposes.
Neilsoft is a technology-driven, pure-play engineering services and solutions company operating in the engineering research & development (ER&D) industry catering to the architecture, engineering and construction (AEC), manufacturing and industrial plant segments.
Equirus Capital Pvt Ltd and IIFL Capital Services are the book-running lead managers and Link Intime India Pvt Ltd is the registrar of the issue. The shares are proposed to be listed on the NSE and BSE.
Published on May 27, 2025
