Meritto Parent NoPaperForms Files Updated DRHP for ₹375 Crore IPO

5 Sept 2026, 12:35 am · 8d ago · 1 min read · Inc42

Amount

₹375 Cr

Stage

IPO

Edtech SaaS company NoPaperForms, the parent entity of Meritto and Collexo, has filed its updated draft red herring prospectus with market regulator SEBI for an initial public offering. The proposed issue includes a fresh issue of shares worth ₹375 crore alongside an offer for sale of up to 3.8 crore equity shares by sole selling shareholder Info Edge. NoPaperForms plans to deploy ₹148 crore to upgrade technology infrastructure and ₹96 crore for customer acquisition. Founded in 2017 by Naveen Goyal and Suraj Sapra, the startup builds enrollment automation and payment solutions for educational institutions.