Neilsoft, a Pune-based provider of engineering services and solutions, has submitted its draft prospectus to the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO).The offering will consist of a fresh issue of shares worth Rs 100 crore and an offer for sale (OFS) of 80 lakh shares by promoters and other shareholders, as detailed in the draft red herring prospectus (DRHP) filed on Thursday.
The OFS includes shares being sold by the Small Industries Development Bank of India and SICOM Ltd. Proceeds from the fresh issue, amounting to Rs 69.63 crore, will be directed towards capital expenditures, with the remainder allocated for general corporate purposes.
As of August 2024, Neilsoft employed 1,429 permanent staff. For the fiscal year 2024, Neilsoft’s revenue grew by 12%, reaching Rs 326 crore, up from Rs 291 crore in the previous year. Profit after tax rose by 24% to Rs 58 crore, compared to Rs 46.64 crore in FY23.
For the quarter ending June 2024, the company reported revenue of Rs 88.24 crore and a profit after tax of Rs 14 crore. Equirus Capital and IIFL Capital Services are serving as the book-running lead managers for the offering. The company plans to list its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Neilsoft is a global engineering solutions and services company headquartered in Pune, India, with a strong presence across multiple industries such as architecture, engineering, construction, manufacturing, and plant design. Established in 1993, the company provides specialized offerings, including CAD/CAE, BIM, product design, plant engineering, and software development solutions.
Neilsoft is known for its expertise in delivering high-quality, customized solutions to clients worldwide, leveraging advanced technology and a skilled workforce. With offices in India, the US, the UK, Germany, and Switzerland, Neilsoft caters to a diverse clientele, helping businesses improve efficiency, accelerate innovation, and achieve sustainable growth. The company’s commitment to quality and innovation has made it a trusted partner for global leaders in various sectors.
