Newsletter
Neilsoft, a tech-driven engineering services and solutions company, has filed fresh IPO papers with SEBI.
The issue now includes:
- ₹90 crore fresh issue (down from ₹100 crore earlier)
- Offer-for-sale (OFS) of 80 lakh shares by promoters and key investors
The company had to refile after SEBI returned its draft earlier this year. Backers include Japan’s Fujita Corp.
Neilsoft services sectors like architecture, construction, manufacturing, and industrial plants. In FY24, it clocked ₹325.9 crore in revenue and ₹57.9 crore in profit, with engineering services making up over 70% of its topline.
Zoom out: Neilsoft is playing in the same engineering sandbox as big names like KPIT Technologies, Cyient, L&T Technology Services, Tata Technologies, and Onward Tech.
With the engineering services market booming globally, especially in auto, industrials, and infrastructure tech, this IPO is Neilsoft’s chance to level up and compete with the heavyweights.
