Neilsoft submitted DRHP with SEBI for raising funds via IPO 

Neilsoft IPO date is not announced yet. Neilsoft is a book built issue and have plan to raise around ₹[.] crores via IPO that comprises fresh issue of ₹100 crore and offer for sale up to 8,000,000 Equity Shares with face value of 5 each. The retail quota is 10%, QIB is 75%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.
Neilsoft IPO

Pune-headquartered Neilsoft is advanced technology engineering service, has decided to launch an IPO and file DRHP to SEBI. An IPO consists of fresh issues and OFS, wherein fresh issues of Rs Rs 100 crore and an offer for sale (OFS) of 80 lakh shares by promoters and others as well.

OFS process includes Small Industries Development Bank of India and SICOM Ltd. means, this is selling shares in the OFS process.


Funds Utilisation

Fresh issue’s money will be utilized for the company’s major work are below the line:

  • Rs 69.63 crore will be used for funding of capital expenditure and the rest of the IPO money will be used for the general purpose of the company.
  • Additionally, IPO money will be used for building and enhancing office spaces along with construction and interior at the place of Viman Nagar office, as well as a new workplace at the Hinjewadi office.
  • Moreover, another money for equipment for computers, servers and cloud systems, scanners, and printers, and software subscriptions and licenses.

IIFL Capital Services and  Equirus Capital are the book-running lead managers and the equity shares are proposed to be listed on the NSE and the BSE.

About us of NeilSoft

Neilsoft is one of the leading firms in terms of providing engineering services, it is headquartered in Pune. Moreover, it has around 20 years of experience handling customer satisfaction, so that, they have global customers. 

It has a main focus on industries like Architecture, Engineering, Construction Manufacturing, and Industrial Plants, as they have a goal of making their design, building, and operations more efficient and sustainable through digital technologies. 

This was founded in 1991 and, since then to till now they have 1,429 permanent employees.

Financially, In FY24, the company’s revenue increased 12%, which means Rs 326 crore, in comparison to Rs 291 crore in the previous year. Moreover, profit after tax also grew around by 24%, increasing to Rs 58 crore from Rs 46.64 crore.

For the three months ending June 2024, revenue was Rs 88.24 crore, with a profit of Rs 14 crore.

Neilsoft IPO Prospectus:

DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:To be Updated Soon

Neilsoft Company Financial Report

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After Tax
2022₹253.40₹209.21₹34.79
2023₹303.96₹246.43₹46.64
2024₹336.70₹266.43₹57.85
June 2024₹90.10₹72.84₹14.09

Neilsoft IPO Valuation – FY2024

Neilsoft IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹15.52 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):23.85%
Net Asset Value (NAV):₹69.87

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
KPIT Technologies21.9570.4427.6779.214,931.81 Cr.
Onward Technologies Limited15.1322.5216.3792.37479.66 Cr.
Cyient Limited62.2433.7115.42415.387,213.10 Cr.
L&T Technology Services Limited123.3443.9024.43505.959,854.60 Cr.
Tata Technologies Limited16.7556.0921.0979.405,232.75 Cr.

Objects of the Issue

  • Funding capital expenditure requirements for:
    • Civil construction and interior development at Viman Nagar Office;
    • Construction and interior development along with setting up new workstation at the Hinjewadi Office of our Company;
    • Purchase of new Computer Graphics Workstation and servers storage, cloud, scanner, network switches and printer, etc. (IT Infrastructure); and
    • Purchase of software subscriptions and licenses.
    • (collectively, ‘Capital Expenditure’).
  • General corporate purposes

IPO Lead Managers aka Merchant Bankers

  • Equirus Capital Private Limited
  • IIFL Capital Services Limited
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