Neilsoft Limited Announces IPO Plans
Neilsoft Limited, a leading engineering services and solutions provider, has announced its Draft Red Herring Prospectus (DRHP) for an upcoming IPO. The IPO comprises a fresh issue of 90 crore, offering investors a chance to participate in the growth story of this dynamic company.
Company Overview
Neilsoft is a technology-driven company specializing in the Architecture, Engineering, and Construction (AEC), Manufacturing, and Industrial Plant sectors. With over two decades of experience, Neilsoft provides digitalization, digitization, and automation solutions, distinguishing itself through its domain expertise and global delivery framework.
The company’s focus on technology-driven solutions across the Design-Build-Operate phases, particularly in AEC & BIM services, sets it apart. Neilsoft is one of the most scaled AEC & BIM Services players in India, supported by a large team of dedicated BIM resources. Their proprietary CADISON solution for Plant Design and BIM further strengthens their competitive advantage.
Key Achievements
Neilsoft has demonstrated strong growth and profitability in recent years. As of February 28, 2025, the company boasts a substantial team of BIM resources, highlighting its leadership in the AEC & BIM services sector. The Target Market Opportunity (TAM) for Neilsoft Engineering Services & Solutions has been estimated to be USD 44 Bn in FY24 growing at a CAGR of 20.1% (from 2024 -2030) to reach USD 134 Bn by FY30.
Financial Overview ( in Crores)
Here’s a snapshot of Neilsoft’s financial performance for the period ended December 31, 2024:
| Financial Parameter | Amount ( in Crores) |
|---|---|
| Total Assets | 448.29 |
| Revenue | 295.24 |
| Profit After Tax | 41.22 |
| Net Worth | 262.57 |
| Total Borrowings | 77.33 |
Offer for Sale (OFS) and IPO Structure
The IPO includes a fresh issue of 90 crore. The OFS component involves existing shareholders selling up to 8,000,000 shares. Selling shareholders include Rupa Harish Shah, Harishkumar Shah, Netsophy Private Limited, SICOM Limited, and Small Industries Development Bank of India, among others.
The allocation structure for investors is as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
Neilsoft Limited is planning to list its shares on both the BSE and NSE.
Lead Managers and Registrar
The lead managers for the Neilsoft Limited IPO are Equirus Capital Private Limited and IIFL Capital Services Limited. MUFG Intime India Private Limited is the registrar for the issue.
Conclusion
Neilsoft Limited’s IPO presents an exciting opportunity to invest in a growing engineering services and solutions provider. We encourage investors to stay informed about the IPO launch date and consider participating in this offering. Keep an eye on this space for further updates!.57