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Newgen Software Technologies Limited IPO (Newgen Software IPO) Detail

January 16, 2018 - January 18, 2018

Newgen Software IPO is a book built issue of Rs 424.62 crores. The issue comprises of fresh issue of Rs 95.00 crore and offer for sale of 1.35 crore shares.

Newgen Software IPO bidding started from January 16, 2018 and ended on January 18, 2018. The allotment for Newgen Software IPO was finalized on Tuesday, January 23, 2018. The shares got listed on BSE, NSE on January 29, 2018.

Newgen Software IPO price band is set at ₹240 to ₹245 per share. The minimum lot size for an application is 61 Shares. The minimum amount of investment required by retail investors is ₹14,945.

ICICI Securities Limited, Idfc Bank Limited and Jefferies India Private Limited are the book running lead managers of the Newgen Software IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Newgen Software IPO RHP for detailed information.

Newgen Software IPO Details

IPO Date January 16, 2018 to January 18, 2018
Listing Date January 29, 2018
Face Value ₹10 per share
Price Band ₹240 to ₹245 per share
Lot Size 61 Shares
Total Issue Size[.] shares
(aggregating up to ₹424.62 Cr)
Fresh Issue[.] shares
(aggregating up to ₹95.00 Cr)
Offer for Sale13,453,932 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Newgen Software IPO Reservation

Newgen Software IPO offers 12,212,821 shares. 3,506,688 (28.71%) to QIB, 2,611,840 (21.39%) to NII, 6,094,293 (49.90%) to RII. 99,906 RIIs will receive minimum 61 shares and (sNII) and (bNII) will receive minimum 854 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,506,688 (28.71%)NA
NII (HNI) Shares Offered2,611,840 (21.39%)
Retail Shares Offered6,094,293 (49.90%)99,906
Total Shares Offered12,212,821 (100%)

Newgen Software IPO Timeline (Tentative Schedule)

Newgen Software IPO opens on January 16, 2018, and closes on January 18, 2018.

IPO Open Date Tuesday, January 16, 2018
IPO Close Date Thursday, January 18, 2018
Basis of Allotment Tuesday, January 23, 2018
Initiation of Refunds Wednesday, January 24, 2018
Credit of Shares to Demat Thursday, January 25, 2018
Listing Date Monday, January 29, 2018
Cut-off time for UPI mandate confirmation 5 PM on January 18, 2018

Newgen Software IPO Lot Size

Investors can bid for a minimum of 61 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 61 ₹14,945
Retail (Max) 13 793 ₹194,285
Lot Size Calculator

About Newgen Software Technologies Limited

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 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 (Newgen Software IPO Objectives)

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 Review (Apply)

[Dilip Davda]  Although issue appears fully priced, considering niche play of the company and first mover in the defined segment, investment may be considered for long term. (Subscribe) Read detail review...

Newgen Software IPO Subscription Status (Bidding Detail)

The Newgen Software IPO is subscribed 8.25 times on January 18, 2018 5:00:00 PM. The public issue subscribed 5.18 times in the retail category, 15.62 times in the QIB category, and 5.52 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Newgen Software IPO Prospectus

Newgen Software IPO Rating

Rating:Rated 3.9 stars
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Newgen Software IPO Listing Details

Listing Date January 29, 2018
BSE Script Code 540900
ISIN INE619B01017
Final Issue Price ₹245 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Newgen Software Technologies Limited Contact Details

Newgen Software Technologies Limited
A-6, Satsang Vihar Marg,
Qutab Institutional Area,
New Delhi 110 067
Phone: +91 114077 0100, 2696 357

Newgen Software IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Newgen Software IPO - Buy or Not

Newgen Software IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 0 1
Members 0 0 0

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Newgen Software IPO FAQs

Newgen Software IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹424.62 Crores. The issue is priced at ₹240 to ₹245 per share. The minimum order quantity is 61 Shares.

The IPO opens on January 16, 2018, and closes on January 18, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Newgen Software IPO opens on January 16, 2018 and closes on January 18, 2018.

Newgen Software IPO lot size is 61 Shares, and the minimum amount required is ₹14,945.

You can apply in Newgen Software IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Newgen Software IPO will be done on Tuesday, January 23, 2018, and the allotted shares will be credited to your demat account by Thursday, January 25, 2018. Check the Newgen Software IPO allotment status.

The Newgen Software IPO listing date is on January 29, 2018.
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Newgen Software IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



301. Cool Sunshine |   Link |February 10, 2018 11:32:05 PM
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.
300. Sanja |   Link |February 8, 2018 2:04:31 PM
Trying to hit new high..Let see if it close near to days high then chance for gap up opening tomorrow
299. Chem cho |   Link |January 29, 2018 9:53:44 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
Likely to go below issue price on listing
299.5. Chem cho |   Link |January 29, 2018 2:21:14 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
LOW 245.95 BSE & NSE 246.7

299.6. Chem cho |   Link |January 30, 2018 9:43:46 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
MISSED my graph yesterday but today it is Rs 243.10 at 9.43 am
298. Cool Sunshine |   Link |January 29, 2018 9:44:23 PM
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.

297. Pratik soni |   Link |January 29, 2018 1:56:11 PM

Can we buy newgen software on 255 from this range ?
296. sonal patel |   Link |January 24, 2018 3:39:36 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
listing range of newgen software 261 - 268
296.4. Karthikn |   Link |January 29, 2018 11:48:57 AM
Super Ji, Also could you Forecast Amber ? it would be helpful to me.
296.5. Arjun n |   Link |January 29, 2018 1:50:59 PM
Excellent prediction !!!
295. yazoo |   Link |January 29, 2018 10:21:08 AM
IPO Stocks in trade to trade so wont reflect true value of script till this barrier is removed !!
295.2. yazoo |   Link |January 29, 2018 12:50:11 PM
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
295.3. yazoo |   Link |January 29, 2018 12:50:50 PM
Scrip is not allowed for MIS & CO. Kindly put trades with either NRML or CNC as product type
294. raj agrawal |   Link |January 29, 2018 11:33:35 AM
Hold for some time
293. sunil surat |   Link |January 29, 2018 10:41:54 AM
Hold or book some profit
292. KING VINOD |   Link |January 29, 2018 10:10:21 AM
IPO Guru IPO Guru (2400+ Posts, 5000+ Likes)
Newgen Software IPO
CMP 265 Now
Hold the positions with Stop loss @ Issue Price
291. KING VINOD |   Link |January 29, 2018 10:07:32 AM
IPO Guru IPO Guru (2400+ Posts, 5000+ Likes)
CMP 264
Hold the positions with Stop loss @ Issue Price
290. Final destination |   Link |January 29, 2018 9:51:42 AM
I think hold.
289. sunil surat |   Link |January 29, 2018 9:49:37 AM
Pre open settle @253 now what to buy or sell
288. PSR |   Link |January 29, 2018 9:46:53 AM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Not so bad.

Return is above Bank Interest.
287. SDK |   Link |January 29, 2018 9:46:23 AM
NSE listed at 254.1
286. Kiran Gohel |   Link |January 29, 2018 9:14:02 AM
Pre-open price 190
286.1. Ali |   Link |January 29, 2018 9:20:18 AM
Gai bhains paani mein...saala ek 1 lot allot hua salon ke baadh, woh bhi nuksaan mein...
286.2. amit K singh |   Link |January 29, 2018 9:43:23 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
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.
285. Niceone |   Link |January 29, 2018 9:41:11 AM
open abv issue
284. KAMMA SIVA RAMA KRISHNA |   Link |January 29, 2018 9:32:51 AM
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Please suggest whether I can sell or wait as the pre opening price is very disappointing.
284.1. Ali |   Link |January 29, 2018 9:35:42 AM
at least wait for a day or two, don''t press the panic button right away...
284.2. Kiran Gohel |   Link |January 29, 2018 9:39:23 AM
CMP 250, so atlease no loss at the end
283. ANANDA PRAJAPATI |   Link |January 29, 2018 9:39:20 AM
list between 250-260
282. Mogambo |   Link |January 29, 2018 9:32:03 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
selling pressure on both sides