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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 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

Newgen Software IPO Date Jan 16, 2018 to Jan 18, 2018
Newgen Software IPO Face Value ₹10 per share
Newgen Software IPO Price ₹240 to ₹245 per share
Newgen Software IPO Lot Size 61 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹424.62 Cr)
Fresh Issue[.] shares of ₹10
(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
Company Promoters

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

Newgen Software IPO Timeline (Tentative Timetable)

Newgen Software IPO opens on Jan 16, 2018, and closes on Jan 18, 2018. The Newgen Software IPO bid date is from Jan 16, 2018 10.00 A.M. to Jan 18, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Newgen Software IPO Opening Date Jan 16, 2018
Newgen Software IPO Closing Date Jan 18, 2018
Basis of Allotment Jan 23, 2018
Initiation of Refunds Jan 24, 2018
Credit of Shares to Demat Jan 25, 2018
Newgen Software IPO Listing Date Jan 29, 2018

Newgen Software IPO Lot Size

The Newgen Software IPO lot size is 61 shares. A retail-individual investor can apply for up to 13 lots (793 shares or ₹194,285).

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

Newgen Software IPO Review

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 Jan 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)
QIB15.62
NII5.52
Retail5.18
Total8.25

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
IPO Price ₹245 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹245.00
₹253.00
₹245.95
₹266.50
₹253.00
NSE
₹245.00
₹254.10
₹246.25
₹266.70
₹252.40

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
Email: investors@newgensoft.com
Website: http://www.newgensoft.com/

Newgen Software IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Newgen Software IPO Review

Newgen Software IPO Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

  • Choice Equity Broking Pvt Ltd - Avoid
  • Dilip Davda - Apply
  • Hem Securities - Apply
  • SSJ Finance - Apply

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 Jan 16, 2018, and closes on Jan 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 Jan 16, 2018 and closes on Jan 18, 2018.

Newgen Software IPO lot size is 61 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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536 Comments

301. Cool Sunshine |   Link |Feb 10, 2018 10:32:05 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 |Feb 8, 2018 1:04:31 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 |Jan 29, 2018 8:53:44 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
Likely to go below issue price on listing
299.5. Chem cho |   Link |Jan 29, 2018 1:21:14 PM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
LOW 245.95 BSE & NSE 246.7

LIKELY TO TOUCH RS 243 TODAY
299.6. Chem cho |   Link |Jan 30, 2018 8:43:46 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
MISSED my graph yesterday but today it is Rs 243.10 at 9.43 am
298. Cool Sunshine |   Link |Jan 29, 2018 8:44:23 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 |Jan 29, 2018 12:56:11 PM
Hello,

Can we buy newgen software on 255 from this range ?
296. sonal patel |   Link |Jan 24, 2018 2:39:36 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
listing range of newgen software 261 - 268
296.4. Karthikn |   Link |Jan 29, 2018 10:48:57 AM
Super Ji, Also could you Forecast Amber ? it would be helpful to me.
296.5. Arjun n |   Link |Jan 29, 2018 12:50:59 PM
Excellent prediction !!!
295. yazoo |   Link |Jan 29, 2018 9:21:08 AM
IPO Stocks in trade to trade so wont reflect true value of script till this barrier is removed !!
295.2. yazoo |   Link |Jan 29, 2018 11:50:11 AM
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 |Jan 29, 2018 11:50:50 AM
Scrip is not allowed for MIS & CO. Kindly put trades with either NRML or CNC as product type
294. raj agrawal |   Link |Jan 29, 2018 10:33:35 AM
Hold for some time
293. sunil surat |   Link |Jan 29, 2018 9:41:54 AM
Hold or book some profit
292. KING VINOD |   Link |Jan 29, 2018 9:10:21 AM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
Newgen Software IPO
CMP 265 Now
Hold the positions with Stop loss @ Issue Price
291. KING VINOD |   Link |Jan 29, 2018 9:07:32 AM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
CMP 264
Hold the positions with Stop loss @ Issue Price
290. Final destination |   Link |Jan 29, 2018 8:51:42 AM
I think hold.
289. sunil surat |   Link |Jan 29, 2018 8:49:37 AM
Pre open settle @253 now what to buy or sell
288. PSR |   Link |Jan 29, 2018 8:46:53 AM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Not so bad.

Return is above Bank Interest.
287. SDK |   Link |Jan 29, 2018 8:46:23 AM
NSE listed at 254.1
286. Kiran Gohel |   Link |Jan 29, 2018 8:14:02 AM
Pre-open price 190
https://www.nseindia.com/live_market/dynaContent/live_analysis/sml/smlOrderBook.jsp?param=NEWGENEQG&symbol=NEWGEN
http://www.bseindia.com/markets/Equity/listingstream.aspx?expandable=1
286.1. Ali |   Link |Jan 29, 2018 8:20:18 AM
Gai bhains paani mein...saala ek 1 lot allot hua salon ke baadh, woh bhi nuksaan mein...
286.2. amit K singh |   Link |Jan 29, 2018 8:43:23 AM
IPO Mentor IPO Mentor (900+ Posts, 1500+ 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 |Jan 29, 2018 8:41:11 AM
open abv issue
284. KAMMA SIVA RAMA KRISHNA |   Link |Jan 29, 2018 8:32:51 AM
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Please suggest whether I can sell or wait as the pre opening price is very disappointing.
284.1. Ali |   Link |Jan 29, 2018 8:35:42 AM
at least wait for a day or two, don''t press the panic button right away...
284.2. Kiran Gohel |   Link |Jan 29, 2018 8:39:23 AM
CMP 250, so atlease no loss at the end
283. ANANDA PRAJAPATI |   Link |Jan 29, 2018 8:39:20 AM
list between 250-260
282. Mogambo |   Link |Jan 29, 2018 8:32:03 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
selling pressure on both sides