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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 ₹245.00 per share . The lot size for an application is 61. The minimum amount of investment required by an retail is ₹14,640 (61 shares). 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 Date | January 16, 2018 to January 18, 2018 |
| Listing Date | January 29, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹240 to ₹245 per share |
| Issue Price Final | ₹245 per share |
| Lot Size | 61 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,73,31,483 shares (aggregating up to ₹424.62 Cr) |
| Fresh Issue | 38,77,551 shares (aggregating up to ₹95.00 Cr) |
| Offer for Sale | 1,34,53,932 shares of ₹10 (aggregating up to ₹329.62 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,53,58,150 shares |
| Share Holding Post Issue | 6,92,35,701 shares |
Newgen Software IPO offers total 1,73,31,483 shares. Out of which 86,65,740 (50.00%) allocated to QIB, 34,66,296 (20.00%) allocated to QIB, 25,99,723 (15.00%) allocated to NII, 60,66,020 (35.00%) allocated to RII and 51,99,444 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Newgen Software Technologies IPO opens on January 16, 2018, and closes on January 18, 2018.
| IPO Open Date | Tue, Jan 16, 2018 |
| IPO Close Date | Thu, Jan 18, 2018 |
| Tentative Allotment | Tue, Jan 23, 2018 |
| Initiation of Refunds | Wed, Jan 24, 2018 |
| Credit of Shares to Demat | Thu, Jan 25, 2018 |
| Tentative Listing Date | Mon, Jan 29, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 18, 2018 |
Investors can bid for a minimum of 61 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 Company Newgen Software Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Purchase and furnishing of office premises near NoidaGreater Noida Expressway, Uttar Pradesh | 84.34 |
| 2 | General corporate purposes | 0.24 |
[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...
| Listing Date | January 29, 2018 |
| BSE Script Code | 540900 |
| NSE Symbol | NEWGEN |
| ISIN | INE619B01017 |
| Final Issue Price | ₹245 per share |
Newgen Software Technologies Ltd.
A-6, Satsang Vihar Marg,
Qutab Institutional Area,
New Delhi 110 067
New Delhi, New Delhi
Phone: +91 114077 0100, 2696 357
Email: investors@newgensoft.com
Website: http://www.newgensoft.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
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 ₹424.62 Crores. The issue is priced at ₹245 per share. The minimum order quantity is 61.
The IPO opens on January 16, 2018, and closes on January 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 January 16, 2018 and closes on January 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 Thursday, January 25, 2018. Check the Newgen Software Technologies IPO allotment status.
The Newgen Software Technologies IPO listing date is on Monday, January 29, 2018.
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