The Newgen Software IPO date has been confirmed from January 16, 2018 and ended on January 18, 2018. Read the post to learn about Newgen Software IPO GMP.
Newgen Software is embarking on an IPO to raise Rs 424.62 crores, offering shares at ₹240 to ₹245 each. A minimum of 61 shares is required for application, with retail investors needing to invest at least ₹14,945. Its IPO success will yield significant rewards for the Company’s founders and original backers.
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Bidding Dates
January 16-18
Price Range
₹240 to ₹245 per share
Face Value
₹10 per share
GMP
₹1,425.50
Newgen Software IPO GMP
The Newgen Software Limited IPO GMP Today is ₹1,425.50.
IPO Overview
Newgen Software has unveiled its IPO, valued at a substantial Rs 424.62 crores. This offering includes a fresh issue of Rs 95.00 crore and the offer to sell 1.35 crore shares. Bidding for the IPO commenced on January 16, 2018, and concluded on January 18, 2018. By January 23, 2018, the allotment process was completed, followed by listing on both the BSE and NSE on January 29, 2018. The IPO’s pricing range stands at ₹240 to ₹245 per share, with a minimum lot size of 61 shares and a retail investor’s minimum investment requirement of ₹14,945. Newgen Software Limited IPO GMP Today is ₹1,425.50. The Company’s IPO is a clear vote of confidence in its management and future prospects.
Company Strengths
- Product based Software Company with strong industry recognition.
- Diversified business across several verticals (including banking, government/PSUs, BPO/IT, insurance and healthcare)
- Diversified revenue streams (license fees or subscription fees) from multiple geographies with low customer concentration
- Recurring and non-recurring, repeat revenues from long standing customer relationships
- Clients include 17 Global Fortune 500 companies
- Focused on driving innovation through in-house R&D.
Newgen Software IPO Details
| IPO Date | January 16, 2018 to January 18, 2018 |
| Listing Date | January 29, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹240 to ₹245 per share |
| Lot Size | 61 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹424.62 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹95.00 Cr) |
| Offer for Sale | 13,453,932 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Newgen Software Company Financials
| 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 | |
Newgen Software IPO Timeline
| IPO Open Date | Tuesday, January 16, 2018 |
| IPO Close Date | Thursday, January 18, 2018 |
| Basis of Allotment | Tuesday, January 23, 2018 |
| Initiation of Refunds | Wednesday, January 24, 2018 |
| Credit of Shares to Demat | Thursday, January 25, 2018 |
| Listing Date | Monday, January 29, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 18, 2018 |
Company Profile
Founded in Delhi in 1992, Newgen Software Technologies has been a trailblazer in the software product domain. Their expertise lies in empowering businesses with rapid solutions for intricate software applications, particularly focusing on ECM and BPM offerings. With a global presence, Newgen distributes its products through a network of 300 channel partners. Market analysts consider The Company’s IPO pricing and valuation to size up investors’ attraction to it. Newgen Software has four registered patents in India, as well as 27 outstanding patent applications in India and one pending patent application in the
United States. In over 60 countries, Newgen has over 450 active customers. Over 265 employees serve these consumers. Newgen Software platform comprises of:
- OmniDocs Enterprise Content Management (ECM) Software (to digitization of enterprise content and information)
- OmniFlow Intelligent Business Process Suite (BPM) (to manage a complete range of business processes)
- 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.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Newgen Software Technologies Limited |
| Phone number | +91 114077 0100, 2696 357 |
| Email ID | [email protected] |
| Website | newgensoft.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Newgen Software IPO FAQs
When Newgen Software IPO will open?
The Newgen Software IPO opens on January 16, 2018 and closes on January 18, 2018.
What is the lot size of Newgen Software IPO?
Newgen Software IPO lot size is 61 Shares, and the minimum amount required is ₹14,945.
When is Newgen Software IPO listing date?
The Newgen Software IPO listing date is on January 29, 2018.
