NoPaperForms Files for IPO Worth Over ₹375 Crore
NoPaperForms, which owns education SaaS brand Meritto, has filed updated IPO plans aiming to raise at least ₹375 crore by selling new shares. Investor Info Edge will sell up to 3.8 crore shares in a separate offering. The company saw operating revenue grow 25% year-over-year to ₹115.6 crore in FY26, while profits jumped over 500% to ₹11.9 crore. Most of the money will go to tech upgrades, customer growth, and possible acquisitions.
- ₹375 crore in new shares, plus 3.8 crore shares sold by Info Edge
- Profits up 534% to ₹11.9 crore in FY26
- Customer base includes 1,183 institutions, with 104 overseas
- India made up over 91% of FY26 revenue
- SEBI approved IPO in March 2026
Sources covering this
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