Archive · 5 Sep 2026
NoPaperForms Updates IPO Plans, Targets ₹375 Crore Fresh Issue
NoPaperForms is a company that makes software and payment tools for schools and colleges.
It wants to sell shares to the public through an IPO.
The company plans to raise up to ₹375 crore by issuing new shares.
An investor also plans to sell 3.84 crore existing shares.
NoPaperForms may use its new money to attract and keep customers.
It also wants to improve its technology and cloud systems.
The company says its platform handled more student enquiries and fee payments over time.
SEBI had earlier approved its IPO papers, and the company has now filed updated documents.
NoPaperForms Solutions has filed updated draft IPO papers with SEBI.
The proposed IPO includes a fresh issue of up to ₹375 crore.
Startup Investments (Holding) Ltd will offer 3.84 crore shares through an OFS.
IPO proceeds may fund customer acquisition, technology, cloud infrastructure and acquisitions.
Platform fee collections rose to ₹3,180 crore in FY26 from ₹1,541 crore in FY24.
- Who
- NoPaperForms Solutions Ltd, an education technology and payments provider; Startup Investments (Holding) Ltd is also involved as a selling shareholder.
- What
- NoPaperForms has filed updated draft papers for an IPO featuring a fresh issue of up to ₹375 crore and an OFS of 3.84 crore shares.
- When
- The company initially filed its IPO papers in November and received SEBI approval in March; it has now filed updated draft papers.
- Where
- The company is based in Gurugram, and the updated papers were filed with SEBI in India.
- Why
- The fresh-issue proceeds are intended for customer acquisition and retention, technology development, cloud infrastructure, general corporate purposes and potential acquisitions.
- Fresh issue
- Up to ₹375 crore
- Offer for Sale
- 3.84 crore equity shares
- Selling shareholder
- Startup Investments (Holding) Ltd
- Key products
- Meritto and Collexo
- Fee collections processed
- ₹3,180 crore in FY26, compared with ₹1,541 crore in FY24
- Student enquiries processed
- 14.88 crore in FY26, compared with 8.95 crore in FY24
- IPO managers
- IIFL Capital Services and SBI Capital Markets