NoPaperForms (Meritto parent) files ₹375 Cr+ IPO UDRHP with SEBI

SaaS startup Meritto's parent company NoPaperForms has filed its updated draft red herring prospectus (UDRHP) with SEBI for a ₹375 Cr+ IPO, per Inc42. Builders should watch the IPO prospectus for unit economics and customer concentration—this will set benchmarks for SaaS maturity in India and likely trigger a wave of unlisted SaaS exits.

Source: Inc42 ↗