Bookbuilding IPO | ₹425 Cr | Listed at BSE, NSE | Tue, Jan 16, 2018 - Thu, Jan 18, 2018
Newgen Software Technologies IPO is a book build issue of ₹424.62 crores. The issue is a combination of fresh issue of 0.39 crore shares aggregating to ₹95.00 crores and offer for sale of 1.35 crore shares aggregating to ₹329.62 crores.
Newgen Software Technologies IPO bidding started from Jan 16, 2018 and ended on Jan 18, 2018. The allotment for Newgen Software Technologies IPO was finalized on Jan 23, 2018. The shares got listed on BSE, NSE on Jan 29, 2018.
Newgen Software Technologies IPO price band is set at ₹245 per share. The lot size for an application is 61. The minimum amount of investment required by an retail is ₹14,945 (61 shares) (based on upper price). The lot size investment for sNII is 14 lots (854 shares), amounting to ₹2,09,230, and for bNII, it is 67 lots (4,087 shares), amounting to ₹10,01,315.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Newgen Software Technologies IPO RHP for detailed Information.
IPO Open
Tue, Jan 16, 2018
IPO Close
Thu, Jan 18, 2018
Issue Price
₹245 per share
Market Cap (Pre-IPO)
₹1,696.27 Cr
| IPO Date | 16 to 18 Jan, 2018 |
| Listed on | Mon, Jan 29, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹240 to ₹245 |
| Issue Price | ₹245 per share |
| Lot Size | 61 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,73,31,483 shares (agg. up to ₹425 Cr) |
| Fresh Issue | 38,77,551 shares (agg. up to ₹95 Cr) |
| Offer for Sale | 1,34,53,932 shares of ₹10 (agg. up to ₹330 Cr) |
| Share Holding Pre Issue | 6,53,58,150 shares |
| Share Holding Post Issue | 6,92,35,701 shares |
| BSE Script Code / NSE Symbol | 540900 / NEWGEN |
| ISIN | INE619B01017 |
Newgen Software Technologies IPO comprises a total issue size of 1,73,31,483 shares. Out of which, 86,65,740 (50.00%) are allocated to QIB, 25,99,723 (15.00%) allocated to NII 60,66,020 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 86,65,740 | 50.00% | NA |
| − Anchor Investor Shares Offered | 51,99,444 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 34,66,296 | 20.00% | NA |
| NII (HNI) Shares Offered | 25,99,723 | 15.00% | NA |
| Retail Shares Offered | 60,66,020 | 35.00% | 99,442 |
| Total Shares Offered | 1,73,31,483 | 100.00% |
Investors can bid for a minimum of 61 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 61 | ₹14,945 |
| Retail (Max) | 13 | 793 | ₹1,94,285 |
| S-HNI (Min) | 14 | 854 | ₹2,09,230 |
| S-HNI (Max) | 66 | 4,026 | ₹9,86,370 |
| B-HNI (Min) | 67 | 4,087 | ₹10,01,315 |
Newgen Software Technologies IPO raises ₹127.39 crore from anchor investors. Newgen Software Technologies IPO Anchor bid date is January 15, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 15, 2018 |
| Shares Offered | 51,99,444 |
| Anchor Portion (₹ Cr.) | 127.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Feb 22, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Apr 23, 2018 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase and furnishing of office premises near NoidaGreater Noida Expressway, Uttar Pradesh | 84.34 |
| 2 | General corporate purposes | 0.24 |
The Newgen Software IPO is subscribed 8.25 times on January 18, 2018 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 15.62 | 35,06,688 | 5,47,67,203 |
| NII | 5.52 | 26,11,840 | 1,44,12,958 |
| Retail | 5.18 | 60,94,293 | 3,15,97,634 |
| Total | 8.25 | 1,22,12,821 | 10,07,77,795 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to GCBRLMs and BRLM (including underwriting commission, and brokerage and selling commission payable to members of the syndicate( | 12.23 |
| 2 | Commission and processing fees for SCSBs(1) (2) and Bidding Charges(4) for Registered Brokers, RTAs and CDPs | 0.48 |
| 3 | Fees payable to the Registrar to the Offer | 0.78 |
| 4 | Others: (i) Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing, stationery and distribution expenses; (iii) Advertising and marketing expenses; (iv) Fees payable to the Auditor; (v) Fees payable to Legal Counsels; and (vi) Miscellaneous | 8.86 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹245.00 | ₹245.00 |
| Open | ₹253.00 | ₹254.10 |
| Low | ₹245.95 | ₹246.25 |
| High | ₹266.50 | ₹266.70 |
| Last Trade | ₹253.00 | ₹252.40 |
Lead Manager Reports
Newgen Software Technologies IPO is a main-board IPO of 1,73,31,483 equity shares of the face value of ₹10 aggregating up to ₹425 Crores. The issue is priced at ₹245 per share. The minimum order quantity is 61.
The IPO opens on Tue, Jan 16, 2018, and closes on Thu, Jan 18, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Newgen Software Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Newgen Software Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Newgen Software Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Newgen Software Technologies IPO opens on Tue, Jan 16, 2018 and closes on Thu, Jan 18, 2018.
Newgen Software Technologies IPO lot size is 61, and the minimum amount required for application is ₹14,945.
You can apply in Newgen Software 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 Software Technologies IPO will be done on Tuesday, January 23, 2018, and the allotted shares will be credited to your demat account by Thu, Jan 25, 2018. Check the Newgen Software Technologies IPO allotment status.
The Newgen Software Technologies IPO listing date is on Mon, Jan 29, 2018.
