Among the sellers of shares in OFS are Small Industries Development Bank of India and SICOM Ltd.
From fresh issue Rs. 69.63 crore will be used to fund capital expenditure. In addition, a portion will be used for general corporate purposes.
Founded in 1991, Neelsoft provides customized engineering services including AEC design solutions, industrial plant design and manufacturing equipment and production line design. It also provides engineering process outsourcing (EPO) services and develops tailored software applications to enable digital transformation.
As of August 2024, Neilsoft employed 1,429 permanent employees.
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On the financial front, the company’s income from operations grew by 12 percent in FY24 to Rs. 326 crore and in the previous financial year Rs. 291 crores.
Profit after tax rose 24 per cent in FY24 to Rs. 58 crore which was Rs. 46.64 crores.
For the three months ended June 2024, revenue from operations stood at Rs. 88.24 crore and a profit after tax of Rs. 14 crores.
Equirus Capital and IIFL Capital Services are the book-running lead managers. The equity shares are proposed to be listed on NSE and BSE.
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