Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Newgen IT Technologies Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 8, 2025.
Newgen IT Technologies Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the NSE SME. Unistone Capital Pvt.Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Dec 23, 2024 |
| Offer document withdrawn | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15.00% of the Net Issue |
Incorporated in February 2016, Newgen IT Technologies Limited, formerly VCARE InfoTech Solutions and Services Pvt. Ltd., is a Singapore-based IT and automation solutions provider recognized globally for its comprehensive suite of services.
The company specializes in offering solutions including artificial intelligence (AI), machine learning (ML), blockchain, Internet of Things (IoT), robotic process automation (RPA), and big data analytics.
NewGen IT has delivered high-end solutions to clients in 25 countries across various industries, such as banking, insurance, IT, hospitality, retail, education, and legal sectors.
The company caters to government and non-government organizations, serving sectors such as telecom, tourism, hospitality, aviation, judiciary, insurance, banking, lab and diagnostic, business process outsourcing, education, energy, healthcare, space, oil and gas, pharmaceuticals, infrastructure, media, entertainment, retail, manufacturing, and security.
The company has expanded its presence to countries including India, Hong Kong, Australia, the UAE, the USA, Canada, and the UK.
The company offers the following services:-
The company has received ISO certifications: ISO 9001:2015 (Information Security Management), ISO/IEC 27001:2022 (IT Services Management), and ISO/IEC 20000-1:2018 (Information Security).
As of October 31, 2024, the company had 37 permanent employees.
Competitive Strength:-
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 44.96 | 62.60 | 26.55 | 7.51 |
| Total Income | 7.41 | 93.94 | 57.01 | 24.42 |
| Profit After Tax | 1.28 | 8.32 | 5.11 | 1.42 |
| NET Worth | 17.63 | 16.35 | 8.03 | 2.91 |
| Reserves and Surplus | 5.63 | 4.35 | 7.93 | 2.81 |
| Total Borrowing | 2.15 | 9.78 | 3.91 | 0.50 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Compan | 24.05 |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 50.91% |
| ROCE | 71.66% |
| Debt/Equity | 0.60 |
| RoNW | 50.91% |
| PAT Margin | 8.96% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Newgen IT Technologies IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Newgen IT Technologies IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Newgen IT Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Newgen IT Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Newgen IT Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Newgen IT Technologies IPO dates are not announced. Please check back again after some time.
Newgen IT Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Newgen IT Technologies IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Newgen IT Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Newgen IT Technologies IPO allotment status.
The Newgen IT Technologies IPO listing date is not yet announced. The tentative date of listing is .
