Newgen Software Technologies Limited IPO Message Board (Page 13)

10am
QIB. 0.0992
NII. 0.0045
RII. 0.3257
Overall 0.197

If ipo was not subscribed 2% in second last day, do not apply

2 % oversubscribed

2 times ** not %

SEPTAJI THIS IPO IS CONFUSING US WHETHER APPLY OR NOT PLS THROW SOME HINTS........

Septaji or apt or whatever is confused as usual, a negative in application perspective...

Subject to allotment
1500 in morning
800 in evening today
Kostak
300 in morning
250 in evening
RAJKOT
If anyone has better rates please share it

Disclaimer
I sold 8 application@300 kostak
Pure defensive in this case

Good call harit...

It is a good company, but Ipo price is very high. I will buy it after listing. It will list at least @ 20% discount.

Looks flat to positive listing 10 - 15 INR premium gains possible
Also one has to keep in mind timing
Budget is hovering around

Definately. Also allocation chance with high compared to Amber. So less gain is still better than no allocation.

At the end of the day:

1      Qualified Institutional Buyers (QIBs)      0.10 times

2      Non Institutional Investors             0.01 times

3      Retail Individual Investors(RIIs)            0.32 times

Total      -----------------------       0.19 times

CONSIDERING FINANCIALS AND GMP, APPEARS TO BE WORTH APPLYING.INDIVIDUAL MAY TAKE DECISION ON HIS OWN RISK TAKING ABILITY

Any listing gain possible in this ipo?

no chance

Not sure but maximum 30 to 35 as of now.

Latest subscription figure?

2:30 pm
qib 0.099
nii 0.005
rii 0.22
total 0.14

2.00pm data
QIB. 0
NII. 0
RII. 0.0886

Those who have account ONLY in SBI and wants to apply , apply for 100 shares lot instead of 50.If the registrar considers 61 as lot size , money for the rest 39 shares will be released .

Another option is -
Apply in NII category instead of RII category.

5 % rii already subscribed

In NII category
you can bid in multiple of 61 and/or 50 .
Eg : 61 × 50 = 3050 shares.
But then value goes high at 7,47,250 Rs. and also inc. chances of allotment.
Anyway happy to hear news about sbi correction

Economic Times view
Newgen asking a bit too much, can be avoided
By Ranjit Shinde, ET Bureau

ET Intelligence Group: Delhi-based Newgen Software Technologies will raise funds from the primary equity market mainly to offer exit to private equity investors. It will also use Rs 84.3 crore from the IPO proceeds to purchase and furnish office premises. While the company has some of the marquee customers in India and abroad, the IPO looks aggressively priced considering the smaller size of operations, longer working capital cycle, and intense competition from large global companies. This may p ..

SBI now allow 61 shares for one LOT

Below Khema ji cancelled , so you also cancel and apply again

Also not able to cancel application applied for 50 shares as LOT

Finally lot size in SBI updated.
Don''t get confused.

what is the latest GMP?

SBI SHOWS ONLY 50 SHARES OPTION INSTEAD OF 61 !

I have checked all other banks .
market lot is 61.
if you want to apply at low invt. risk , you can apply at SBI.

SBI now allow 61 shares for one LOT

what is the allotment date, refund date & listing date for New gen software

Don''t apply through sbi asba as there is mistake in bid lot and application will be rejected by registrar

Galaxy Surfactants Limited Ipo approved by Sebi last week.