SaaS-based enrolment automation platform NoPaperForms has filed preliminary papers with the Securities and Exchange Board of India (SEBI) via the confidential pre-filing route to raise funds through an initial public offering (IPO).
The company announced that it has submitted the pre-filed draft red herring prospectus (DRHP) with SEBI and the stock exchanges, paving the way for a potential listing on India’s main boards. The confidential filing route allows companies to keep IPO details private during the early stages of the process.
Building India’s End-to-End Enrolment Platform
Founded in 2017 by Naveen Goyal, NoPaperForms is backed by Info Edge, one of India’s most prominent technology investors. The company has built a unified, vertically integrated platform that supports the entire educational organization lifecycle from student acquisition and enrolment to student success and outcomes.
Currently, the company serves over 1,000 educational institutions across India, the UAE, and Southeast Asia, offering solutions that enhance recruitment efficiency and fee management transparency.
Flagship Products and Expansion Plans
NoPaperForms operates two flagship platforms: Meritto, an operating system for student recruitment and enrolment, and Collexo, a full-stack payments solution designed to bring predictability and scalability to institutional fee management.
The company’s confidential filing aligns with a growing trend among Indian firms seeking flexibility before listing. Recently, Shiprocket, Shadowfax, Tata Capital, PhysicsWallah, Imagine Marketing (boAt), and Groww also opted for confidential pre-filing with SEBI.
Industry analysts say the confidential route allows companies to fine-tune valuations, timelines, and disclosures while navigating volatile market conditions a strategy increasingly preferred by India’s emerging tech firms.
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