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Newgen Software Technologies Limited IPO (Newgen Software IPO) Detail

Jan 16, 2018 - Jan 18, 2018

Incorporated in 1992, Newgen Software Technologies is Delhi-based Software Product Company. Newgen offers product and platform that enables organizations to rapidly develop powerful software applications. Company mainly offers products in ECM and BPM space. Company sells its products through direct sales and through its 300 strong channel partners globally.

Newgen Software has four patents registered in India and 27 outstanding patent applications in India and one outstanding patent application in the USA. Newgen has over 450 active customers in over 60 countries. These customers are served by over 265 employees.

Newgen Software platform comprises of:

1. OmniDocs Enterprise Content Management (ECM) Software (to digitization of enterprise content and information)

2. OmniFlow Intelligent Business Process Suite (BPM) (to manage a complete range of business processes)

3. OmniOMS Customer Communication Management suite (unified communication platform to improve communication with customers)

These enterprise-wide solutions are used by in various sectors including banking, government/PSUs, BPO/IT, insurance and healthcare.

Company Strengths

1. Product based Software Company with strong industry recognition.

2. Diversified business across several verticals (including banking, government/PSUs, BPO/IT, insurance and healthcare)

3. Diversified revenue streams (license fees or subscription fees) from multiple geographies with low customer concentration

4. Recurring and non-recurring, repeat revenues from long standing customer relationships

5. Clients include 17 Global Fortune 500 companies

6. Focused on driving innovation through in-house R&D.

Company Promoters:

The Promoters of the Company are Mr. Diwakar Nigam and Mr. T.S. Varadarajan.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 4,467.11 3,892.55 3,243.41 2,650.47 1,578.12
Total Revenue 4,337.65 3,496.70 3,162.13 2,551.65 2,055.49
Profit After Tax 523.62 278.20 463.80 410.81 369.55

Objects of the Issue:

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

1. Offer for Sale
The Offer includes an Offer for Sale of 13,453,932 Equity Shares by the Selling Shareholders. Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.

2. Fresh Issue
The objects for which the Net Proceeds of the Fresh Issue will be utilized are as:
a. Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh; and
b. General corporate purposes

Issue Detail:

  »»  Issue Open: Jan 16, 2018 - Jan 18, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 95.00 Cr
    ›  Offer for Sale of 13,453,932 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 240 - Rs 245 Per Equity Share
  »»  Market Lot: 61 Shares
  »»  Minimum Order Quantity: 61 Shares
  »»  Listing At: BSE, NSE

Anchor Investors allocation details for Newgen Software Technologies Ltd

Date: 16th Jan 2018

Newgen Software Technologies Ltd. Allots 51,99,444 equity shares at Rs. 245 per share ( including share premium of Rs. 235 per share) aggregating to Rs. 127.38 crore (approximately) to 9 Anchor Investors.

Newgen Software IPO Reviews:

  1. Newgen Software Technologies Limited IPO review by Dilip Davda

Newgen Software IPO Recommendations:

Capital Market Review
HEM Securities - subscribe
SSJ Finance - Subscribe
Choice Broking - Avoid

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved3,506,6882,611,8406,094,29312,212,821
Day 1 - Jan 16, 2018 17:00 IST0.09920.00530.32070.1896
Day 2 - Jan 17, 2018 17:00 IST0.09920.03111.29970.6819
Day 3 - Jan 18, 2018 17:00 IST15.62005.52005.18008.2500

Newgen Software IPO Prospectus

Newgen Software IPO Rating

904
3.9
Rating:Rated 3.9 stars

Vote Here ...

Newgen Software IPO News Alerts

  1. Thursday, January 18, 2018 12:00:00 AM
    Newgen Software Technologies Limited IPO Closes on Jan 18
  2. Tuesday, January 16, 2018 12:00:00 AM
    Newgen Software Technologies IPO Opens on Jan 16

Company Contact Information

Newgen Software Technologies Limited
A-6, Satsang Vihar Marg,
Qutab Institutional Area,
New Delhi 110 067
Phone: +91 114077 0100, 2696 357
Fax: +91 112685 6936
Email: investors@newgensoft.com
Website: http://www.newgensoft.com/

Newgen Software IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Newgen Software IPO Lead Manager(s)

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Newgen Software IPO Review / Comments

avatar
156. Aniketiaf  Jan 21, 2018 8:06:44 AM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 1400+ Likes)
Gmp of Amber Enterprises is 450-470.
Gmp of Newgen Software is 15-20.
Gmp of Apollo Micro is 170-180.
Gmp of Galaxy Ltd is 480-500.
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155. Common man view  Jan 21, 2018 7:46:06 AM IST I Like It. 2 | Report Abuse Reply
@anarchist 154.1 pls use common man language .....we r not able to understand idioms & phrases......
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154. kumar babu  Jan 19, 2018 2:41:25 PM IST I Like It. | Report Abuse Reply
what ever be the listing price, it is gona be stable price at 300
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154.1. Anarchist  Jan 20, 2018 8:53:58 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Yesh !! Your post sure has that nagging conviction embedded in every wishful word therein. Those thinking about selling or not buying must be scared shitless. . They know the gravity of their bearish action can''t outweigh the insanely powerful antigravity of your bullish desire.....
Stay tuned for more.....

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153. shyam sunder jaluka  Jan 20, 2018 6:07:48 PM IST I Like It. | Report Abuse Reply
this ipo gmp is 15-20 today
and yes 1 lot alloted for apply 5 lot mostly chance
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152. shyam sunder jaluka  Jan 20, 2018 6:02:20 PM IST I Like It. | Report Abuse Reply
this ipo hold for long term and give best return ?
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151. sher khan  Jan 19, 2018 7:26:54 PM IST I Like It. 1 | Report Abuse Reply
Can anyone tell about GMP of new zen
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150. YRB  Jan 19, 2018 5:09:25 PM IST I Like It. | Report Abuse Reply
APPLIED FOR 5 LOTS.ANY CHANCE OF ALLOTMENT?
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149. Anarchist  Jan 19, 2018 5:08:09 PM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
No working capital accretion planned. The cost of equity would go up and the intrinsic value should fall. Such offers must come at a hefty discount to the peers.Also the crazy need for never ending innovation and a lack of competitive advantage makes the theme very dangerously poised.
But there is no need to worry for the applicants who are looking to book some quick profits as logic is the greatest enemy of obsessive long term investors (who would buy from y''all) who don''t really invest for too long.
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148. T.agarwal  Jan 19, 2018 10:19:31 AM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
*NEWGEN SOFTWARE IPO*
*FOR HNI/NII GET 1 LOT OF 61 SHARES*
IF THEY HAVE MADE A BID OF 338 SHARES
(RS. 82,810/-) & MORE
Interest cost for share Rs 1.50- only
*LISTING ABOUT = 245/- TO 250/-*
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148.1. harit  Jan 19, 2018 10:39:15 AM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Perfect calculation
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147. T.agarwal  Jan 19, 2018 10:12:27 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
*NEWGEN SOFTWARE IPO*
*FINAL SUBS. FIGURE*
QIB 15.80X**
NII 5.54X
RII 5.21X
TOTAL 8.31X
**Excluding Anchor
Total No.of FORMS : 4,70,520
*Apps Wise : 4.73X*
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146. RAJAKUMAR  Jan 18, 2018 11:05:43 PM IST I Like It. | Report Abuse Reply
RETAIL 5.21TIMES TILL 11PM
RETAIL APPLICATION WISE 4.73 TIMES
NO. OF APPLICATION 470520
DEAR CHEM CHO SIR,
SOFTWARE COMPANY NO FANCY IN THE STOCK MARKET NOWADAYS. SO IT WILL LIST 270 OR BELOW.
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145. Common man view  Jan 18, 2018 9:57:22 PM IST I Like It. 2 | Report Abuse Reply
@market kid & cool sunshine pls ignore any direct comments on other bcz chem cho has not make comments directly......cool sunshine u r also learned man and mature one that can be seen in your post i am a fan of both u sir.....we people should respect each other for healthy discussion....keep it up bro.........
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144. Chem cho  Jan 18, 2018 4:49:50 PM IST I Like It. 11 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
NICELY SUBCRIBED

People who did not apply are repenting
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144.3. Cool Sunshine  Jan 18, 2018 8:28:42 PM IST I Like It. 12 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
@chem cho

I did not apply and not repenting at all. Wish all applicants all the best.

Even if Newgen proves to be major wealth generator for all applicants including u, I will not repent. In stock market investment repenting makes people either over greedy or over fearful. I learn from my mistakes but never repent. I will curiously wait for the listing (as always). Let us see what this transaction teaches us.
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144.4. Market kid  Jan 18, 2018 9:23:49 PM IST I Like It. 2 | Report Abuse
@Chemcho bruh,

I think you must have misconception about word '' repenting '' (just like you had about infosys is comparable with Newgen software)

So let me clear

repent(verb) Means,

feel or express sincere regret or remorse about one''s wrongdoing or sin.


......plus repenting is present continues, so it is the word that one can use only after work done, Means here after listing(reflection of wrong decision )

Here listing is far away , and you wishing us to repent, real guru !
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143. amit K singh  Jan 14, 2018 12:55:07 PM IST I Like It. 4 | Report Abuse Reply
It''s a good company, product based company. So I expect the ipo to be fully/more oversubscribed as its a small ipo of 400cr. Although not a portfolio stock, one can apply for listing gain. There is about 10% upside on listing possible.
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143.1. amit K singh  Jan 18, 2018 7:59:15 PM IST I Like It. 1 | Report Abuse
Good Qib subscription, expect at least 10% listing gain...
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143.2. Swiss  Jan 18, 2018 8:37:58 PM IST I Like It. 2 | Report Abuse
Spot on Sirji.
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142. Chem cho  Jan 15, 2018 10:04:35 AM IST I Like It. 16 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
Good software of banking , competation to infy banking software ,

must apply
avatar
142.3. Cool Sunshine  Jan 17, 2018 9:47:42 PM IST I Like It. 10 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Infosys banking software (Finacle) was created almost 15 years ago and has been continuously enriched. Finacle is well entrenched in large private sector as well as public sector banks in India. IMO NewGen software is no competition at all to Finacle.
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142.4. Chem cho  Jan 18, 2018 8:26:31 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1000+ Likes)
Weii done
those you applied
you will be benifited if you get allotment
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141. R R Patel  Jan 18, 2018 4:09:37 PM IST I Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 2300+ Likes)
Newgen Software Technology Ltd. IPO
Subscription figures (BSE+NSE)
as on last day @4pm:-
QIB(50%) - 15.62X ** (closed)
HNI(15%) - 5.52X (closed)
Retail(35%) - 4.36X (open for offline forms only)
Total - 7.83X
**Excluding Anchors
Moderate subscription figures not. I have not applied. Allotment through lottery (1 out of 4 will get allotment). Very less chances of loss but not much profit too so avoid is a good policy. Listing may be moderate.
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141.1. djpv  Jan 18, 2018 7:48:45 PM IST I Like It. | Report Abuse
Sir what is the fate for those who has applied only one lot? Any chance for such poor guy?
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140. Inv  Jan 18, 2018 7:37:53 PM IST I Like It. | Report Abuse Reply
Poor response considering other IPOs. May not give high positive returns
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139. harit  Jan 18, 2018 7:14:48 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Hni couldn''t applied due to Apollo late refund
So they will come to buy on listing day
I think listing will be exiting
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138. GOURAV ANMOL  Jan 18, 2018 6:47:44 PM IST I Like It. | Report Abuse Reply
Sir ipo subscription m galti se wrong PAN fill ho gya iska solution kya h
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137. kumar babu  Jan 18, 2018 5:36:58 PM IST I Like It. 2 | Report Abuse Reply
Listing price not less than 300..mark my words !
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137.1. TOPS  Jan 18, 2018 5:47:43 PM IST I Like It. | Report Abuse
on what basis you are saying listing will be above Rs.300/=
any facts and figuress to support your claim ??
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137.2. kumar babu  Jan 18, 2018 6:26:27 PM IST I Like It. 4 | Report Abuse
Current IT boom, that''s it...fundamentals of company doesn''t matter here...mkts at new high, IT in BOOM, so why not 300 for newgen...
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