Software products firm Newgen Software Technologies Limited is going public. The company has decided to launch an initial public offering (IPO) on 16th January 2018. The company wants to raise Rs. 450 crore through the IPO. This is the second mainline IPO of the year 2018. Before Newgen Software, Apollo Micro Systems has announced its IPO and it was the first IPO of the year 2018. Now because of these IPOs, the IPO market and grey market has become alive. The primary and secondary markets are again on fire because of these IPOs.
If you are one of the active investors who deal in the IPOs regularly, then you must want to check the gap of Newgen Software IPO. This is why this page is made for the investors like you. Who is very active in the IPOs and wants to make some money from the stock markets. Three IPOs are already announced in the first week of January and according to the experts, this year will also be very busy like last year. Many companies have already got approval from the market regulator SEBI and these companies are planning to launch their IPOs this year.
Check the given section for more information about the Newgen Software IPO Grey Market Price.
Newgen Software Technologies IPO Grey Market Premium and Price
Newgen Software Technologies Limited is an IT company. Here are some details about the Newgen Software IPO.
- Name of the IPO: Newgen Software Technologies IPO
- Price band: Rs. 240 – Rs. 245 Per Equity Share
- Dates: 16 January 2018 to 18 January 2018
- Lot Size: 61 Shares
- Promoters: Diwakar Nigam and T.S. Varadarajan
The company is based in New Delhi and it is into IT Software business. The company is a global provider of BPM, ECM, CCM, DMS, Workflow and Process Automation. The company has a big client network in around 60 countries all over the world. Some of the big clients of Newgen Software Technologies are TCS, HP, and HCL.
The IPO of Newgen Software will be open for the public subscription from 16 Jan 2018 to 18 Jan 2017. IT has priced its shares in a price band of Rs. 240 – Rs. 245 per share. The company is planning to dilute 25-26% stake. The stake would be sold by the private equity investors and employees. The promoters of the company will not sell their stake. If you want to read more information about the Newgen Software Technologies IPO, Please check the given link.
Newgen Software IPO GMP
Now as per the current report, the grey market price of Newgen Software is around Rs. 75. The grey market activities have been started in this IPO and more accurate rates will come very soon. Investors need to keep an eye on the grey market price for the better idea of listing price. The Newgen Software grey market price will fluctuate as per the demand and the market sentiments. So, investors need to watch the price regularly. This page will be updated daily with the latest Newgen Software GMP. You can also check the history of the grey market prices. Date wise details will be published here on this page.
|11 Jan 2018||Rs. 75|
|12 Jan 2018||Rs. 65||Rs. 325|
|15 Jan 2018||Rs. 35||Rs. 325|
|16 Jan 2018||Rs. 30||Rs. 325|
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