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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

Newgen Software IPO Details
Issue OpenJan 16, 2018 - Jan 18, 2018
Issue TypeBook Built Issue IPO
Issue Size[.] Eq Shares of Rs 10
(aggregating up to Rs 424.62 Cr)
Fresh Issue[.] Eq Shares of Rs 10
(aggregating up to Rs 95.00 Cr)
Offer for Sale13,453,932 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 240 - Rs 245 Per Equity Share
Market Lot61 Shares
Min Order Quantity61 Shares
Listing AtBSE, NSE
Newgen Software IPO Tentative Date / Timetable
Bid/Offer Opens OnJan 16, 2018
Bid/Offer Closes OnJan 18, 2018
Finalisation of Basis of AllotmentJan 23, 2018
Initiation of RefundsJan 24, 2018
Credit of Shares to Demat Acct:Jan 25, 2018
IPO Shares Listing Date:Jan 29, 2018

Newgen Software IPO Subscription Status (Live)

Newgen Software IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

3,506,688

2,611,840

6,094,293

12,212,821

Jan 18, 2018 17:00

15.62x

5.52x

5.18x

8.25x

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 Reviews / Ratings

Capital Market Review
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SSJ Finance - Subscribe
Choice Broking - Avoid
Dilip Davda - Subscribe

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

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Newgen Software IPO Review / Comments

avatar
301. Cool Sunshine  Feb 10, 2018 22:32 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 13:04 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 08:53 I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
Likely to go below issue price on listing
avatar
299.5. Chem cho  Jan 29, 2018 13:21 I Like It. | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
LOW 245.95 BSE & NSE 246.7

LIKELY TO TOUCH RS 243 TODAY
avatar
299.6. Chem cho  Jan 30, 2018 08:43 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1700+ Posts, 1500+ Likes)
MISSED my graph yesterday but today it is Rs 243.10 at 9.43 am
avatar
298. Cool Sunshine  Jan 29, 2018 20:44 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 I Like It. | Report Abuse
Hello,

Can we buy newgen software on 255 from this range ?
avatar
296. sonal patel  Jan 24, 2018 14:39 I Like It. 15 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 1300+ Likes)
listing range of newgen software 261 - 268
avatar
296.4. Karthikn  Jan 29, 2018 10:48 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 I Like It. | Report Abuse
Excellent prediction !!!
avatar
295. yazoo  Jan 29, 2018 09:21 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 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 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 I Like It. | Report Abuse
Hold for some time
avatar
293. sunil surat  Jan 29, 2018 09:41 I Like It. | Report Abuse
Hold or book some profit
avatar
292. KING VINOD  Jan 29, 2018 09:10 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 1700+ Likes)
Newgen Software IPO
CMP 265 Now
Hold the positions with Stop loss @ Issue Price
avatar
291. KING VINOD  Jan 29, 2018 09:07 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 1700+ Likes)
CMP 264
Hold the positions with Stop loss @ Issue Price
avatar
290. Final destination  Jan 29, 2018 08:51 I Like It. | Report Abuse
I think hold.
avatar
289. sunil surat  Jan 29, 2018 08:49 I Like It. | Report Abuse
Pre open settle @253 now what to buy or sell
avatar
288. PSR  Jan 29, 2018 08:46 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Not so bad.

Return is above Bank Interest.
avatar
287. SDK  Jan 29, 2018 08:46 I Like It. 1 | Report Abuse
NSE listed at 254.1
avatar
286.1. Ali  Jan 29, 2018 08:20 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 08:43 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 08:41 I Like It. | Report Abuse
open abv issue
avatar
284. KAMMA SIVA RAMA KRISHNA  Jan 29, 2018 08:32 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 08:35 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 08:39 I Like It. | Report Abuse
CMP 250, so atlease no loss at the end
avatar
283. ANANDA PRAJAPATI  Jan 29, 2018 08:39 I Like It. | Report Abuse
list between 250-260
avatar
282. Mogambo  Jan 29, 2018 08:32 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
selling pressure on both sides
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