Mumbai, May 27 (H.S): Tokyo-based Fujita Corporation-backed Neelsoft Limited has re-filed its DRHP with SEBI to raise funds through an Initial Public Offering (IPO). The company aims to raise ₹90 crore through this IPO, and the shares will be listed on both the NSE and BSE stock exchanges.

According to the documents submitted to the capital market regulator, the IPO of Neelsoft Limited, backed by Fujita Corporation, will include the issuance of new shares worth up to ₹90 crore at a face value of ₹5, as well as an offer for the sale of 8 million shares by promoters and other selling shareholders. This IPO includes the issuance of new shares worth up to ₹90 crore and also includes an Offer for Sale (OFS) of 8 million shares by promoters and other selling shareholders.

According to the company, the offer is being conducted through a book-building process, where at least 75% of the offer will be allocated to qualified institutional buyers, 15% to non-institutional investors, and 10% to retail individual investors and non-institutional investors respectively. Equirus Capital Private Limited and IIFL Capital Services Limited will act as the book-running lead managers for the IPO. The company plans to use the ₹63.52 crore raised from the fresh issuance for capital expenditure financing and general corporate purposes.

Hindusthan Samachar / Jun Sarkar