IPO-Bound NoPaperForms Converts Into Public Entity

The company’s shareholders approved the conversion at the end of May

The SaaS startup, which is popularly known as Meritto, began its preparations for listing on the exchanges around two months ago

Its public issue is expected to be of INR 500 Cr to INR 600 Cr and value the startup at around INR 2,000 Cr

Amid the new-age tech IPO fervour, Info Edge-backed Nopaperforms has converted into a public entity. 

As per its regulatory filings accessed by Inc42, the company’s board approved the conversion during its…