India, March 5 -- SaaS-based enrolment automation solution platform NoPaperForms, which operates under the brand Meritto, has appointed two investment bankers for its upcoming initial public offering (IPO).

The Naveen Goyal-led startup has appointed IIFL Capital and SBI Capital for its IPO, which is expected to be around INR 500 Cr to INR 600 Cr, Moneycontrol reported, citing sources familiar with the matter.

The Gurugram-based company plans to make its stock market debut by the end of this year. The report said the company may file draft IPO papers in the next couple of quarters and is seeking a valuation of INR 2,000 Cr.

Inc42 has reached out to NoPaperForms for comments on the development. The story will be updated based on the resp...