<ul data-eligibleForWebStory="false"><li>Gurugram-based SaaS startup NoPaperForms, known for its flagship brand Meritto in the education sector, has transitioned into a public company in preparation for an IPO by the end of 2025.</li><li>Recent filings reveal that the company's board approved the name change from NoPaperForms Solutions Private Limited to NoPaperForms Solutions Limited, a critical step for going public in India.</li><li>NoPaperForms aims to raise around Rs 500-600 crore through its IPO, managed by investment banks IIFL Capital and SBI Capital, with an estimated valuation of Rs 2,000 crore.</li><li>Founded in 2017 by Naveen Goyal and Suraj Sapra, NoPaperForms offers Meritto, a platform for managing the student lifecycle, and operates Collexo, a fee management system. The startup's financials have shown significant improvement, with profits in FY24 compared to a loss in FY23.</li></ul>

Gurugram-based NoPaperForms converts into public company as it prepares for IPO

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