The Indian IPO market is seeing renewed activity as two companies, Neilsoft and Prozeal Green Energy, have received the Securities and Exchange Board of India’s approval to proceed with their public offerings. These approvals mark the beginning of a significant phase for both companies as they aim to raise capital for expansion, growth, and strategic purposes.
Neilsoft, backed by Tokyo-based Fujita Corporation, plans to raise funds through a combination of a fresh issue of shares and an offer for sale. The company intends to issue fresh shares worth ninety crore rupees while simultaneously allowing existing shareholders to sell up to eight million shares to the public. Among the shareholders offloading their stake are the Small Industries Development Bank of India and SICOM, along with several key individual investors. This structured approach allows Neilsoft to raise fresh capital while providing liquidity to existing stakeholders.
Neilsoft is an engineering services and solutions company that primarily caters to sectors such as Architecture, Engineering and Construction, Manufacturing, and Industrial Plants. In the financial year twenty-four, the company reported revenues of over three hundred twenty-five crore rupees and a profit after tax of nearly fifty-eight crore rupees. With this IPO, Neilsoft aims to strengthen its position in engineering services while also providing investors an opportunity to participate in its growth story.
Prozeal Green Energy is also set to enter the public markets with a significant initial public offering. The company plans to raise a total of seven hundred crore rupees, split evenly between a fresh issue and an offer for sale. The proceeds from the fresh issue are intended to fund long-term working capital requirements, support investments in subsidiaries, repay certain borrowings, and meet general corporate purposes.
Prozeal Green Energy operates in the renewable energy sector, providing comprehensive solutions for solar energy projects on a turnkey basis. This includes engineering, procurement, and construction services. The company’s financial performance in the previous year highlighted its growth potential, with revenues close to nine hundred forty-nine crore rupees and EBITDA of approximately one hundred twenty-five crore rupees. With the upcoming IPO, Prozeal aims to expand its operations in the renewable energy space and strengthen its presence in India’s growing clean energy market.
Analysts believe that both IPOs present attractive opportunities for investors seeking exposure to specialized engineering services and renewable energy, two sectors with significant growth potential in India. Neilsoft’s established presence in engineering solutions and Prozeal’s focus on sustainable energy solutions make these offerings appealing for long-term investors looking to participate in emerging and high-growth segments.
Investors interested in these IPOs should closely follow the official filings, subscription details, and opening dates to make informed investment decisions. The entry of Neilsoft and Prozeal Green Energy into the public market underscores the dynamic nature of India’s IPO landscape and reflects growing investor interest in technology-driven and sustainability-oriented businesses.
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