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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: [.] Equity Shares of Rs 10 aggregating up to Rs 424.62 Cr
    ›  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

Newgen Software IPO Reviews / Recommendations:

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Dilip Davda - Subscribe

 

Newgen Software IPO Subscription Status / Live Bidding Status

Newgen Software IPO Subscription Status tells if Newgen Software IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Newgen Software IPO oversubscribed if bids are received for more shares than what is offered by the company.

Newgen Software IPO - How Many Times Subscribed?
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 Listing Date

  •   ›  Listing Date: Monday, January 29, 2018
  •   ›  BSE Script Code: 540900
  •   ›  NSE Symbol: NEWGEN
  •   ›  Listing In:
  •   ›  ISIN: INE619B01017
  •   ›  Issue Price: Rs 245 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 245.00
Rs 253.00
Rs 245.95
Rs 266.50
Rs 253.00
2,299,035
NSE
Rs 245.00
Rs 254.10
Rs 246.25
Rs 266.70
Rs 252.40
14,008,351

Newgen Software IPO News Alerts

  1. Monday, January 29, 2018 12:00:00 AM
    Newgen Software IPO Listing Date & Info
  2. Wednesday, January 24, 2018 12:00:00 AM
    Newgen Software IPO - Allotment
  3. Thursday, January 18, 2018 12:00:00 AM
    Newgen Software Technologies Limited IPO Closes on Jan 18
  4. 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
301. Cool Sunshine  Feb 10, 2018 10:32:05 PM IST I Like It. 5 | Report Abuse
If interested in mid and small IT company, there are already well established and good performance IT companies which have listed many years earlier. Suggest to shift to those companies as there is no added incentive in investing in a newly listed company and also but risk here is more.
avatar
300. Sanja  Feb 8, 2018 1:04:31 PM IST I Like It. | Report Abuse
Trying to hit new high..Let see if it close near to days high then chance for gap up opening tomorrow
avatar
299. Chem cho  Jan 29, 2018 8:53:44 AM IST I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 1200+ Likes)
Likely to go below issue price on listing
avatar
299.5. Chem cho  Jan 29, 2018 1:21:14 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 1200+ Likes)
LOW 245.95 BSE & NSE 246.7

LIKELY TO TOUCH RS 243 TODAY
avatar
299.6. Chem cho  Jan 30, 2018 8:43:46 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 1200+ Likes)
MISSED my graph yesterday but today it is Rs 243.10 at 9.43 am
avatar
298. Cool Sunshine  Jan 29, 2018 8:44:23 PM IST I Like It. 6 | Report Abuse
Suggest not to leverage yourself to invest in this Stock. There is not much short term gain.

Congratulations to all those who have already exited with some profit.



avatar
297. Pratik soni  Jan 29, 2018 12:56:11 PM IST I Like It. | Report Abuse
Hello,

Can we buy newgen software on 255 from this range ?
avatar
296. sonal patel  Jan 24, 2018 2:39:36 PM IST I Like It. 15 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 500+ Likes)
listing range of newgen software 261 - 268
avatar
296.4. Karthikn  Jan 29, 2018 10:48:57 AM IST I Like It. | Report Abuse
Super Ji, Also could you Forecast Amber ? it would be helpful to me.
avatar
296.5. Arjun n  Jan 29, 2018 12:50:59 PM IST I Like It. | Report Abuse
Excellent prediction !!!
avatar
295. yazoo  Jan 29, 2018 9:21:08 AM IST I Like It. | Report Abuse
IPO Stocks in trade to trade so wont reflect true value of script till this barrier is removed !!
avatar
295.2. yazoo  Jan 29, 2018 11:50:11 AM IST I Like It. | Report Abuse
when i tried to short my trade didn''t go thru thrice RMS: Rule: Assigned basket for entity account across exchange across segment across product
avatar
295.3. yazoo  Jan 29, 2018 11:50:50 AM IST I Like It. | Report Abuse
Scrip is not allowed for MIS & CO. Kindly put trades with either NRML or CNC as product type
avatar
294. raj agrawal  Jan 29, 2018 10:33:35 AM IST I Like It. | Report Abuse
Hold for some time
avatar
293. sunil surat  Jan 29, 2018 9:41:54 AM IST I Like It. | Report Abuse
Hold or book some profit
avatar
292. KING VINOD  Jan 29, 2018 9:10:21 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1500+ Likes)
Newgen Software IPO
CMP 265 Now
Hold the positions with Stop loss @ Issue Price
avatar
291. KING VINOD  Jan 29, 2018 9:07:32 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1500+ Likes)
CMP 264
Hold the positions with Stop loss @ Issue Price
avatar
290. Final destination  Jan 29, 2018 8:51:42 AM IST I Like It. | Report Abuse
I think hold.
avatar
289. sunil surat  Jan 29, 2018 8:49:37 AM IST I Like It. | Report Abuse
Pre open settle @253 now what to buy or sell
avatar
288. PSR  Jan 29, 2018 8:46:53 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Not so bad.

Return is above Bank Interest.
avatar
287. SDK  Jan 29, 2018 8:46:23 AM IST I Like It. 1 | Report Abuse
NSE listed at 254.1
avatar
286.1. Ali  Jan 29, 2018 8:20:18 AM IST I Like It. | Report Abuse
Gai bhains paani mein...saala ek 1 lot allot hua salon ke baadh, woh bhi nuksaan mein...
avatar
286.2. amit K singh  Jan 29, 2018 8:43:23 AM IST I Like It. 1 | Report Abuse
Do not create panic. Wait till 10am for listing price. Now it shows indicative listing price price 250.but it will change before actual listing.
avatar
285. Niceone  Jan 29, 2018 8:41:11 AM IST I Like It. | Report Abuse
open abv issue
avatar
284. KAMMA SIVA RAMA KRISHNA  Jan 29, 2018 8:32:51 AM IST I Like It. | Report Abuse
Please suggest whether I can sell or wait as the pre opening price is very disappointing.
avatar
284.1. Ali  Jan 29, 2018 8:35:42 AM IST I Like It. | Report Abuse
at least wait for a day or two, don''t press the panic button right away...
avatar
284.2. Kiran Gohel  Jan 29, 2018 8:39:23 AM IST I Like It. | Report Abuse
CMP 250, so atlease no loss at the end
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283. ANANDA PRAJAPATI  Jan 29, 2018 8:39:20 AM IST I Like It. | Report Abuse
list between 250-260
avatar
282. Mogambo  Jan 29, 2018 8:32:03 AM IST I Like It. | Report Abuse
selling pressure on both sides
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