Edtech SaaS Platform NoPaperForms Files Updated DRHP for Rs 375 Crore IPO

5 Sept 2026, 11:21 am · 7d ago · 1 min read · YourStory

Amount

Rs 375 Cr

Stage

IPO

Education technology infrastructure provider NoPaperForms Solutions Ltd has submitted its updated draft red herring prospectus with market regulator SEBI for an initial public offering. The proposed public issue includes a fresh issue of shares worth up to Rs 375 crore alongside an offer for sale of 3.84 crore equity shares by investor Startup Investments (Holding) Ltd. Founded in 2017 by Naveen Goyal and Suraj Supra, the company plans to deploy net proceeds toward customer acquisition, cloud infrastructure, and potential acquisitions. Its flagship recruitment SaaS platform Meritto currently serves over 1,200 institutions globally.