{
  "id": 5733586,
  "title": "NoPaperForms files updated draft papers for IPO; eyes Rs 375 Cr via fresh issue",
  "url": "https://urgent.news/2026/09/05/nopaperforms-files-updated-draft-papers-for-ipo-eyes-rs-375-cr-via",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-05T05:51:53.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/nopaperforms-updated-draft-papers-ipo-rs-375-cr-fresh-issue"
  },
  "original_language": "en",
  "account": "NoPaperForms Solutions Ltd, a technology-focused firm catering to education sector, has submitted updated draft papers for an IPO. The draft comprises an anticipated fresh issue of shares valued up to Rs 375 crore, alongside an offer for sale of 3.84 crore equity shares by investor, Startup Investments (Holding) Ltd. This was disclosed in the updated draft red herring prospectus (UDRHP), filed with markets regulator Sebi on Friday. The company intends to utilize the IPO proceeds for expanding its customer base, advancing technology, improving cloud infrastructure, and funding broad corporate purposes, along with strategic acquisitions.\n\nNoPaperForms was established in 2017 by Naveen Goyal and Suraj Supra, initially as a SaaS-based platform for enrolment automation in the education sector. Over time, it evolved into Meritto, a premier vertical SaaS solution for student recruitment, enrolment, and comprehensive management. The platform now caters to over 1,200 educational institutions across the globe. In recent months, NoPaperForms has ventured into AI with the launch of Mio AI, an agentic platform designed to deploy AI agents for multiple functions such as student recruitment, engagement, and institutional processes. These agents can function across various platforms including enrolment portals, marketing sites, communication channels, and internal workflows, with customization options for action and escalation rules. Looking ahead, the company aims to build upon its vertical SaaS models, with prospective future applications spanning lead nurturing, financial workflows, academic advising, and internal operations.",
  "summary": "Education tech infrastructure firm NoPaperForms is set to tap the public markets with a Rs 375 crore fresh issue, alongside an OFS of 3.84 crore shares.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "NoPaperForms Moves Closer To IPO With Updated Draft Papers, Plans To Raise ₹375 Crore Through Fresh Issue",
        "url": "https://urgent.news/2026/09/05/nopaperforms-moves-closer-to-ipo-with-updated-draft-papers-plans-to",
        "published": "2026-09-05T06:10:02.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "NoPaperForms files updated draft papers for IPO; eyes ₹375 cr via fresh issue",
        "url": "https://urgent.news/2026/09/05/nopaperforms-files-updated-draft-papers-for-ipo-eyes-375-cr-via-fresh",
        "published": "2026-09-05T09:40:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}