Neilsoft IPO

Neilsoft IPO Details

The Neilsoft IPO is a 100% book-built issue offering a fresh issue worth up to ₹90 crore and an offer for sale (OFS) of 80 lakh equity shares, with a face value of ₹5 per share. The company filed its DRHP with SEBI on May 26, 2025. 

The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and NSE platforms. The book-running lead managers of this issue are Equirus Capital Private Ltd. and IIFL Capital Services Ltd., while the registrar to the issue is MUFG Intime India Pvt. Ltd. 

Neilsoft IPO Date & Timeline

Neilsoft Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on May 26, 2025. However, the specific Neilsoft IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalise the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

Neilsoft IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Neilsoft IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Neilsoft Ltd. was incorporated under the Companies Act, 1956, in June 1991. Over the last 3 decades, the business has evolved from a traditional engineering setup into a high-growth Engineering Research and Development (ER&D) company, supported by early investments from Japan's Fujita Corporation. Today, the core business involves providing specialized end-to-end engineering services with an emphasis on digital transformation and automation. The company is headquartered in Pune, Maharashtra and serves clients across North America, Europe, Asia-Pacific and India.

Operations & Product Range

Neilsoft Ltd.’s operations focus heavily on the ER&D space, providing customized design services, Building Information Modeling (BIM), industrial plant design and tailored engineering software solutions. Products offered consist of CADISON, a unique platform for plant design and E&I Electrical Designer for the electrical sector, together with the sale of software solutions developed by Autodesk and Bluebeam. The main clients served include businesses from the Architecture, Engineering and Construction (AEC) industry, along with manufacturing and industrial facilities.

Facilities & Capacity

Neilsoft Ltd. operates a strong network of delivery centres located in Pune, Ahmedabad, Bengaluru, Bad Soden (Germany) and Tokyo (Japan), with its sales and operational footprint also extending across Canada and the United Kingdom. This issue aims for expansion in the significant capacity upgrades utilising fresh issue proceeds to fund civil construction, interior development and the setup of new workstations at its existing Viman Nagar and Hinjewadi offices in Pune.

Brands & Market Presence

Neilsoft Ltd. has established a prominent market presence through its specialised proprietary solutions, recognised as a trusted brand in the global engineering services sector. Flagship offerings like CADISON and E&I Electrical Designer have garnered a strong reputation among industrial and architectural clients. The company boasts significant export exposure through its global subsidiaries across the USA, Switzerland, Germany and Japan, while maintaining a firm domestic footing. Its reliable service delivery has secured marquee clients like NBBJ Architecture, Praj Industries and Hilti AG.

Revenue Streams & Business Model

The primary revenue of Neilsoft Ltd. is through 2 major segments: Engineering Services and Engineering Solutions. The Engineering Services division is the core contributor, accounting for over 72% of overall revenue, with the remainder derived from engineering solutions, including software platforms and proprietary tools. The business model is executed through fixed-price and time-and-material contracts, ensuring steady cash flow. The company benefits from substantial export contribution, generating significant revenue from clients across the Americas, Europe and the Asia-Pacific regions.

Management & Shareholding

The promoters of Neilsoft Ltd. are Ketan Champaklal Bakshi, Rupa Harish Shah and Daksha Bakshi, who collectively hold approximately 54.43% of the pre-issue shareholding. The company also enjoys backing from institutional investors including Japan's Fujita Corporation, SIDBI and SICOM. Following the completion of the IPO which includes the fresh issue and the OFS the shareholding will be diluted, with the exact post-IPO promoter holding established based on final allotments.

Board & Key Management

The board and management team of Neilsoft Ltd. are led by corporate governance is overseen by a highly experienced board and a seasoned management team. The leadership includes the Chairman and Managing Director providing strategic direction and operational oversight for the firm's global ER&D operations, supported by Whole-Time Directors handling specific regional and technological mandates. Multiple Independent Directors with deep expertise in capital markets and corporate strategy ensure compliance and uphold governance standards.