March 4, 2025
admin
Info Edge-backed NoPaperForms Hires Bankers for Rs 500-Crore IPO
NoPaperForms, an enrolment automation firm backed by Info Edge, has appointed IIFL Capital and SBI Capital as its investment bankers for an initial public offering (IPO) valued at approximately Rs 500-600 crore, sources told Chanakya.
The Gurugram-based company, targeting a valuation of around Rs 2,000 crore, is expected to file its draft red herring prospectus (DRHP) within the next few quarters, with plans to list by the end of the year.
According to a source familiar with the matter, while the market remains volatile, particularly for small-cap companies, the promoters have certain expectations. However, the actual IPO size and valuation will depend on market conditions and the feedback from potential investors.
NoPaperForms provides customer relationship management (CRM) software to educational institutions, offering solutions for student enrolment, communication, fee collection, and support for placements and alumni engagement under its Merrito brand.
