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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.
| 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 Sale | 13,453,932 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,358,150 |
| Share holding post issue | 69,235,701 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,506,688 (28.71%) | NA |
| NII (HNI) Shares Offered | 2,611,840 (21.39%) | |
| Retail Shares Offered | 6,094,293 (49.90%) | 99,906 |
| Total Shares Offered | 12,212,821 (100%) |
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 |
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 | |||
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.
| 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 | |
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
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 15.62 |
| NII | 5.52 |
| Retail | 5.18 |
| Total | 8.25 |
| Listing Date | January 29, 2018 |
| BSE Script Code | 540900 |
| NSE Symbol | NEWGEN |
| ISIN | INE619B01017 |
| Final Issue Price | ₹245 per share |
| Price Details |
|---|
| Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
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