NoPaperForms Files Updated DRHP for ₹375 Crore Fresh IPO

7 Sept 2026, 3:41 pm · 5d ago · 1 min read · Inc42

Amount

₹375 Cr

Stage

IPO

Education SaaS platform Meritto’s parent company, NoPaperForms Solutions, has filed updated draft red herring prospectus papers with SEBI for an initial public offering. The proposed IPO includes a fresh issue of shares worth up to ₹375 crore alongside an offer for sale of up to 3.8 crore equity shares by early backer Info Edge. Info Edge currently holds 47.93% on a fully diluted basis, while cofounder and chief executive Naveen Goyal holds 30.19%. Founded in 2017, NoPaperForms provides admission automation, enrolment CRM, and fee-management solutions, serving 1,183 institutional clients during fiscal year 2026.