Newgen Software Technologies Limited might be the second mainline initial public offer (IPO) of 2018 after the Apollo Micro Systems IPO. As per the sources, the company is planning to launch the IPO in January 2018. The company is in the IT Software business. Currently, the IPO of Apollo Micro System is open for the subscription. Now, this IPO can be announced very soon. The subscription date of the IPO of Newgen Software Technologies is 16 January 2018 to 18 January 2018. It is confirmed by the company. The official announcement can be done in coming days. The company wants to collect Rs. 450 crores from the markets at the price band of Rs. 240 to Rs. 245 per equity shares.
The company is planning to dilute 25-26% stake. The 21% stake will be diluted by the private equity investors and rest by employees. Some employees of the company possess a substantial amount of the stake in the company and want to monetize stake they hold. None of the promoters are diluting their stake in the IPO.
In the given section, we are going to give you all details about the IPO such as Newgen Software Technologies IPO Allotment, Financial details, price band of the IPO, Dates such as allotment and listing date, polls, subscription details and more. Please check the given section to get more and more about this IPO.
- 1 Newgen Software IPO
- 2 Newgen Software Technologies IPO, Allotment, Date, Price, Subscription, Listing Date
- 2.1 Newgen Software Technologies IPO Price
- 2.2 Newgen Software Technologies IPO Date
- 2.3 Newgen Software IPO Allotment Status
- 2.4 Listing Date of Newgen Software
Newgen Software IPO
About the company: Newgen Software Technologies Limited is an IT company. The company was incorporated in 1992. The headquarter of the company is in New Delhi. Newgen Software is a global provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), Document Management System (DMS), Workflow and Process Automation. The company has its clients in 60 countries. Some of the biggest clients of the company are TCS, HP, HCL.
The firm currently sells its products across 60 countries. The company also sell its products to the banks, insurance firms, BPOs, healthcare organizations etc. It has offices in the US, Canada, the United Kingdom, Singapore, and Dubai.
Company Promoters: Diwakar Nigam and T.S. Varadarajan
Objects of the Issue
According to the MD of Newgen Software Technologies, Mr. Diwakar Nigam, Around Rs 95 to 100 crore of the total fund received from the IPO will be used for setting up a new office in Noida.
Newgen Software Technologies IPO Grey Market Premium, Rates, GMP Price
|29 January 2018||Rs. 35||Rs. 200||Rs. 800|
Newgen Software Technologies IPO, Allotment, Date, Price, Subscription, Listing Date
|Name||Newgen Software Technologies Limited|
|Open Date||16 January 2018|
|Close Date||18 January 2018|
|Allotment Date||23 January 2018|
|Refund Date||25 January 2018|
|Listing Date||29 January 2018|
|Issue Price||Rs. 240 - Rs. 245 Per Equity Share|
|Lot Size||61 Shares|
|Minimum Order Quantity||61 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||[.] Equity Shares of Rs 10 aggregating up to Rs 95 crore|
››› Offer for Sale of 13,453,932 Equity Shares of Rs 10 aggregating up to Rs [.] crore
|Lead Manager||ICICI Securities Limited, IDFC Bank Limited, Jefferies India Private Limited|
|Registrar||Karvy Computershare Private Limited|
|Listing at||NSE / BSE|
- The listing will be done on 29th January 2018.
- The allotment is expected today.
- The allotment of the Newgen IPO is expected on 24th Jan 2018.
- IPO subscribed 8 times on the last day of issue.
- Newgen Software IPO subscribed 70% on Day 2.
Newgen Software Technologies IPO Price
The price band for the issue has been maintained at Rs 240 to Rs. 245 per share. The offering comprises a fresh issue of shares worth Rs. 95 crore and an offer for sale of 13,500,000 shares.
Newgen Software Technologies IPO Date
Software products company, Newgen Software Technologies will launch an initial public offering (IPO) on 16 January 2018. The offering closes on 18 January 2018. The offering comprises a fresh issue of shares worth Rs. 95 crore and an offer for sale of 13,500,000 shares.
|Date||Total Revenue||Total Expenses||Profit after Tax||Net Margin|
|31 March 2017||Rs. 433.8||Rs. 366.2||Rs. 52.4||Rs. 12.1|
|31 March 2016||Rs. 349.7||Rs. 314.4||Rs. 27.8||Rs. 7.9|
|31 March 2015||Rs. 316.2||Rs. 257.2||Rs. 46.4||Rs. 14.7|
|31 March 2014||Rs. 255.2||Rs. 205.5||Rs. 41.1||Rs. 16.1|
|31 March 2013||Rs. 205.5||Rs. 161.0||Rs. 37.0||Rs. 18.0|
|**(All Figures in Rs. Crores)|
- Earnings Per Share (EPS): Rs. 10.53
- Price/Earnings (P/E) ratio: Rs. 22.79 – Rs. 23.27
- Return on Net Worth (RONW): 19.06%
- Net Asset Value (NAV): Rs. 43.34 per share
Newgen Software IPO Subscription Details
|Category||SHARES OFFERED||16 January 2018||17 January 2018||18 January 2018|
ICICI Securities Limited and Jefferies India Private Limited are the global co-ordinators and book running lead managers to the offer. IDFC Bank Limited is the book running lead manager to the offer.
Karvy Computershare Private Limited is the registrar to the IPO.
Newgen Software IPO Allotment Status
Those investors who have applied for the IPO can check the Karvy website for the allotment. The allotment of Newgen Software IPO is expected on or around 23 January 2018. The allotment link will be given here.
Listing Date of Newgen Software
The company is going to list its shares on 29 January 2018.
Listing Day Figures
|BSE (540900)||NSE (NEWGEN)|
|IPO Price||Rs. 245||Rs. 245|
|Open||Rs. 253||Rs. 254.10|
|High||Rs. 266.50||Rs. 266.70|
|Low||Rs. 245.95||Rs. 246.25|
|Close||Rs. 253||Rs. 252.40|
|Difference||Up Rs. 8.00 (+3.27%)||Up 7.40 (+3.02%)|
Newgen Software Technologies Limited Address
IPO DRHP / Prospectus
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