IPO News / Neilsoft's IPO will be launched soon, bumper opportunity to earn

IPO News: The year 2024 proved to be a great year for investors in the Indian stock market. This year about 90 companies entered the market through their initial public offerings (IPOs). These IPOs not only provided better returns to investors but also gave companies an opportunity to raise the capital required for their growth.

The year 2025 is also likely to prove to be a great year for investors. It has been started by Nelsoft Limited. The company is an emerging provider of engineering research and development (ER&D) services backed by Tokyo-based Fujita Corporation. Nelsoft Limited has recently filed a draft red herring prospectus (DRHP) for its IPO with the Securities and Exchange Board of India (SEBI).

Key points of Nelsoft IPO

Fund raising plan:

The company will issue new shares up to ₹100 crore through IPO and raise funds through sale of shares (OFS) up to ₹80 lakh. Promoters and other shareholders will sell their shares under the OFS.

Shareholders included in the OFS:

Rupa Shah and Harish Kumar Shah: 11,45,384 shares

Net Sofi Private Limited: 12,55,784 shares

Nishit Shah and Rupa Shah: 1,47,764 shares

Small Industries Development Bank of India (SIDBI): 24,40,884 shares

Sicom Limited: 18,54,808 shares

Use of funds

The company will use the ₹69.63 crore raised through the IPO for capital expenditure and general corporate purposes.

Opportunity for investors

75% of the stake in the Nelsoft IPO will be reserved for institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors.

Company Background

Nelsoft was founded in 1991, and started its services in 1992. The company provides customized engineering services as per the needs of the clients.

Financial Performance:

FY 2023-24:

Revenue: ₹325.85 crore (₹291.03 crore in 2022-23)

Profit After Tax (PAT): ₹57.85 crore (₹46.64 crore in 2022-23)

Q1 2024:

Revenue: ₹88.24 crore

Profit After Tax: ₹14.09 crore

2025 Expectations

With the IPO of Nelsoft, active participation of investors is expected in the market. If the performance of the IPO in 2024 is any indication, investors are likely to get good returns in 2025 as well. Nailsoft's strong financial figures and its strong position in the industry make it an attractive opportunity for investors.

Conclusion

Nellsoft Limited's IPO in early 2025 is giving a positive signal to investors. Looking at the company's financial performance and its plans, this IPO can prove to be a significant opportunity in the market. Investors should plan their investment by paying attention to the detailed information of this IPO.