Newgen Software tech IPO:GMP, Issue Size, Issue Price and Important dates

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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.  


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.  
Karda Construction IPO

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 
Karda Construction IPO

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. 


  • 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 

Newgen Software IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 

Newgen Software IPO Lead Manager(s) 

  1. ICICI Securities Limited (Past IPO Performance) 
  1. IDFC Bank Limited (Past IPO Performance) 
  1. Jefferies India Private Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 


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