Neilsoft Ltd IPO

About IPO

Neilsoft Limited is launching its initial public offering (IPO), comprising a Fresh Issue of up to ₹100 crore and an Offer for Sale of up to 8,000,000 Equity Shares by the selling shareholders.

Objectives of Neilsoft Limited Ltd

The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:

• Funding capital expenditure requirements.
• General corporate purposes.

Industry Outlook

India holds a significant position in global ER&D (engineering research and development) outsourcing, accounting for 30% of total worldwide spending in 2023. Projections indicate this share will rise to 37% by 2030, reflecting India’s expanding role as a preferred destination for ER&D, driven by its skilled talent pool, cost-effective solutions, and the increasing complexity of global engineering challenges.

Company Information

Neilsoft Ltd is a technology-driven, pure-play ER&D (engineering services and solutions) provider with multi-disciplinary domain expertise and proprietary solutions for the Architecture, Engineering, and Construction (AEC), Manufacturing, and Industrial Plant segments (Source: F&S Report). Operating in India’s outsourced ER&D market—valued at USD 51 billion in 2023 and projected to reach USD 189 billion by 2030 with a CAGR of 20.7% (Source: F&S Report)—the company draws on over two decades of global experience. Its offerings address digitalisation, digitisation, and automation needs, aiming to make Design-Build-Operate processes more efficient and sustainable through digital technologies.

Risks of Neilsoft Limited Ltd IPO

• The company has consistently derived over 37.00% of its revenues from the top 20 customers during the three months ended June 30, 2024, as well as the preceding three fiscal years. Any loss of these key clients or a reduction in their spending could materially impact the company’s business and financial stability.

• The company’s success hinges on maintaining long-term customer relationships. Any loss of key customers or a decrease in their demand for the company’s offerings could negatively impact its business, operational results, and financial condition.

• A substantial portion of the company’s revenue is derived from specific geographic regions. Any inability to operate or expand within these areas could adversely affect its business, financial condition, results of operations, cash flows, and future growth prospects.

Anchor Investor Bidding Date TBA

IPO Registrar and Book Running Lead Manager

Link Intime India Private Limited is the registrar of the Neilsoft Limited Ltd IPO. The book-running lead managers are:

• Equirus Capital Private Limited
• IIFL Capital Services Limited (formerly known as IIFL Securities Limited)

Business Model

Neilsoft Limited operates in the Engineering Research & Development (ER&D) sector, providing engineering services and solutions to global clients.

• Revenue Streams: Earns from Engineering Services (75.06%) and Engineering Solutions (24.94%) through fixed-price and time-and-material contracts.

• Core Strategies: Focuses on BIM, AI-assisted design, automation solutions, and strategic acquisitions to expand capabilities.

• Client Base: Serves AEC, Manufacturing, and Industrial Plants clients across America, Europe, Asia-Pacific, and India.

• Technology & Risk Management: Leverages engineering automation, AI integration, and a strong risk framework to ensure operational efficiency and compliance.

• Subsidiary Support: Operates through subsidiaries in the USA, Germany, Switzerland, India, and Japan, strengthening global reach.

Company Growth Trajectory

The company’s revenue grew at a CAGR of 11.96%, reaching ₹325.85 crores in FY24. Engineering Services revenue grew to ₹236.31 crores, comprising 72.52% of total revenue. However, past growth does not guarantee future performance. The company’s expansion relies on client retention, market adaptability, strategic acquisitions, and innovation.

Company Market Position

The company has over 20 years of experience in servicing global customers. They work with marquee customers across the AEC, manufacturing, and Industrial Plants segments such as NBBJ Architecture PLLC, Praj Industries Limited, Fujita Corporation, Hilti AG, Küttner & Martin GmbH, Incotec SRL, RIDA T.S., and Sigmetrix LLC.

How do you check the allotment status of Neilsoft Limited Limited?

You can check the allotment status of shares either on the Bombay Stock Exchange (BSE) website or on the website of Link Intime India Private Limited. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check..”
• Choose the issue type — Equity or Debt
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Neilsoft Limited Limited
• Enter your application number or PAN number.
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

To check status on the website of Link Intime India Private Limited

• Visit the website of Link Intime Private Ltd
• Click on Allotmentment Status
• Choose the name of the company from the ‘Select Company’ dropdown
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
• Click on Submit to check the status

How to Apply for Neilsoft Limited Limited?

Here are the steps to apply for Neilsoft Limited Ltd IPO:

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.