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SaaS-based enrollment automation solution provider NoPaperForms has filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). Founded in 2017 by Naveen Goyal and backed by Infoedge, NoPaperForms provides solutions for educational institutions. The company aims to create a unified technology platform for managing all aspects of an educational organization from student acquisition to success. It currently serves over 1,000 clients across India, the UAE, and Southeast Asia. NoPaperForms offers two main products: Meritto, an operating system for student recruitment and enrollment, and Collexo, a full-stack payment solution. These products are designed to make fee management predictable and scalable for educational institutions. The company has opted for the confidential pre-filing route for its IPO. This allows it to keep details of the public offering under wraps until later stages. The confidential pre-filing route is becoming popular among Indian firms looking for flexibility in their IPO plans. Other companies that have recently opted for this method include logistics service provider Shadowfax Technologies, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah, and Imagine Marketing. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart also floated their IPOs after similar filings.
