NoPaperForms Submits Confidential IPO Papers to SEBI to Raise Funds

NoPaperForms, a SaaS-based enrolment automation and education technology provider, has submitted a confidential draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering. 

The filing marks a key milestone for the company as it prepares to enter public markets while maintaining flexibility in the timing and structure of its issue.

Strengthening its EdTech Platform

Founded in 2017 by Naveen Goyal, NoPaperForms has evolved into one of India’s leading education technology platforms, offering software solutions that help institutions manage student acquisition, enrolment, and performance outcomes. Backed by Info Edge, the firm supports more than 1,000 education partners across India, the UAE, and Southeast Asia. 

Its flagship products. Meritto, a comprehensive operating system for student recruitment, and Collexo, a full-stack fee management platform, form the core of its technology suite. Together, they help universities and colleges bring efficiency, transparency, and data-driven insights into the admissions process.

IPO Through the Confidential Pre-Filing Route

The company has chosen SEBI’s confidential pre-filing route, which allows firms to submit IPO documents privately before making them public at a later stage. This approach, which has gained traction among Indian startups and large corporations, provides issuers with greater control over disclosure timelines and issue preparation. 

In recent months, several prominent names, including Shadowfax, Shiprocket, PhysicsWallah, Tata Capital, and Groww, have followed this path to prepare for their listings.

Expanding Horizons in Education Technology

Through the IPO, NoPaperForms aims to strengthen its research and development capabilities, enhance global reach, and scale its SaaS offerings across multiple education verticals. The company has positioned itself as a one-stop technology partner for educational institutions transitioning to digital-first models.

Read More: Think Investments Injects ₹136 Crore into PhysicsWallah Ahead of IPO!

Conclusion

By opting for a confidential filing, NoPaperForms joins a growing league of tech-enabled enterprises strategically preparing for market entry while maintaining regulatory compliance and operational agility. The move underscores both investor interest in EdTech infrastructure and the company’s ambitions to scale as a leading global education technology platform from India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully  before investing.