Newgen Software tech IPO is Delhi-based Software Product Company and is all set to make a debut in the stock market with an issue size of 424.62 Cr.
Overview
| Issue Date | 16-18 Jan -2018 |
| IPO Opening Date | 16 Jan 2018 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 245 per share |
| IPO Lot Size | 61 Shares |
| Issue Size | 424.62 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 15.62 times |
| NII (HNI) Shares | 5.52 times |
| Company Promoters | The Promoters of the Company are Mr. Diwakar Nigam and Mr. T.S. Varadarajan. |
Tentative Dates
| Newgen Software tech IPO opening date | 16 Jan 2018 |
| Newgen Software tech IPO closing date | 18 Jan 2018 |
| Basis of Allotment | 23 Jan 2018 |
| Initiation of Refunds | 24 Jan 2018 |
| The credit of Shares to Demat | 25 Jan 2018 |
| NEWGEN SOFTWARE TECH IPO Listing Date | 29 Jan 2018 |
Company Overview
Newgen Software Technologies is Delhi-based Software Product Company. Newgen offers products and platforms that enable organizations to rapidly develop powerful software applications. The company mainly offers products in ECM and BPM space. The 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 in various sectors including banking, government/PSUs, BPO/IT, insurance and healthcare.
Industry Overview
Mobile adoption is highly demanded, particularly among millennials, who demand access to content on the device, from the location and at the time of their choice. Having overtaken desktop services, mobile is now the predominant device for accessing web content. ECM platforms must therefore support a wide range of mobile devices. The table below shows the result of a survey conducted by Ovum in the fourth quarter of 2015 on 4,520 business end users across a wide range of regions, industries, and job roles.
Objectives
- 1. The Offer for Sale
The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares. Company will not receive any proceeds from the Offer for Sale. - 2. Fresh Issue
Company intends to utilize the Net Proceeds from the Fresh Issue towards the following objects:
a. Prepayment or repayment of all or a portion of certain borrowings availed by the Company; and
b. General corporate purposes.
Financial Statements
| Particulars | 31-March-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 4,467.11 | 11,149.91 | 10,058.49 |
| Total Revenue | 4,337.65 | 10,921.15 | 12,364.67 |
| Profit After Tax | 523.62 | 278.20 | 463.80 |
Company Contact Information
Newgen Software Technologies Limited
A-6, Satsang Vihar Marg,
Qutab Institutional Area,
New Delhi 110 067
Phone: +91 114077 0100, 2696 357
Email: investors@newgensoft.com
Website: http://www.newgensoft.com/
Newgen Software IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Newgen Software IPO Lead Manager(s)
- ICICI Securities Limited (Past IPO Performance)
- IDFC Bank Limited (Past IPO Performance)
- Jefferies India Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
