New Gen Software Ipo Grey Market Premium

New gen software ipo grey market premium

Newgen Software Technologies Limited IPO, Newgen Software IPO, Newgen Software Allotment, Newgen Software Technologies IPO GMP, Grey Market Premium, Date, Price, DRHP, Prospectus, Size, Listing Date, Review, Newgen Software Technologies IPO Subscription, Financials and other details.

Newgen Software IPO

Newgen Software Technologies Limited might be the second mainline initial public offer (IPO) of 2018 after the Apollo Micro Systems IPO.

New gen software ipo grey market premium

As per the sources, the company is planning to launch the IPO in January 2018. The company is in the IT Software business. Currently, the IPO of Apollo Micro System is open for the subscription.

Company Promoters:

Now, this IPO can be announced very soon. The subscription date of the IPO of Newgen Software Technologies is 16 January 2018 to 18 January 2018. It is confirmed by the company. The official announcement can be done in coming days.

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The company wants to collect Rs. 450 crores from the markets at the price band of Rs. 240 to Rs.

IPO Grey Market Discussion

245 per equity shares.

The company is planning to dilute 25-26% stake. The 21% stake will be diluted by the private equity investors and rest by employees. Some employees of the company possess a substantial amount of the stake in the company and want to monetize stake they hold. None of the promoters are diluting their stake in the IPO.

In the given section, we are going to give you all details about the IPO such as Newgen Software Technologies IPO Allotment, Financial details, price band of the IPO, Dates such as allotment and listing date, polls, subscription details and more.

Please check the given section to get more and more about this IPO.

Contents

Newgen Software IPO

About the company:  Newgen Software Technologies Limited is an IT company.

The company was incorporated in 1992.

New gen software ipo grey market premium

The headquarter of the company is in New Delhi. Newgen Software is a global provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), Document Management System (DMS), Workflow and Process Automation.

The company has its clients in 60 countries.

Newgen Software Technologies IPO Grey Market Price, Premium, GMP, Kostak Rates

Some of the biggest clients of the company are TCS, HP, HCL.

The firm currently sells its products across 60 countries. The company also sell its products to the banks, insurance firms, BPOs, healthcare organizations etc.

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It has offices in the US, Canada, the United Kingdom, Singapore, and Dubai.

Company Promoters: Diwakar Nigam and T.S. Varadarajan

Objects of the Issue

According to the MD of Newgen Software Technologies, Mr. Diwakar Nigam, Around Rs 95 to 100 crore of the total fund received from the IPO will be used for setting up a new office in Noida.

Newgen Software Technologies IPO Grey Market Premium, Rates, GMP Price

DateGMPKostak RateSauda
29 January 2018Rs.

35

Rs.

New gen software ipo grey market premium

200

 Rs. 800

Newgen Software Technologies IPO, Allotment, Date, Price, Subscription, Listing Date

NameNewgen Software Technologies Limited
Open Date16 January 2018
Close Date18 January 2018
Allotment Date23 January 2018
Refund Date25 January 2018
Listing Date29 January 2018
Issue PriceRs.

IPO Grey Market Price (IPO GMP Premium & Kotak Rate)

240 - Rs. 245 Per Equity Share

Lot Size 61 Shares
Minimum Order Quantity61 Shares
Issue TypeBook Built Issue IPO
Issue Size[.] Equity Shares of Rs 10 aggregating up to Rs 95 crore

››› Offer for Sale of 13,453,932 Equity Shares of Rs 10 aggregating up to Rs [.] crore
Lead ManagerICICI Securities Limited, IDFC Bank Limited, Jefferies India Private Limited
RegistrarKarvy Computershare Private Limited
Listing atNSE / BSE

Updates 29-01-2018

  1. The listing will be done on 29th January 2018.
  2. The allotment is expected today.
  3. The allotment of the Newgen IPO is expected on 24th Jan 2018.
  4. IPO subscribed 8 times on the last day of issue.
  5. Newgen Software IPO subscribed 70% on Day 2.

IPO Poll

Newgen Software Technologies IPO Price

The price band for the issue has been maintained at Rs 240 to Rs.

245 per share. The offering comprises a fresh issue of shares worth Rs. 95 crore and an offer for sale of 13,500,000 shares.

Newgen Software Technologies IPO Date

Software products company, Newgen Software Technologies will launch an initial public offering (IPO) on 16 January 2018.

Ipo 1 tracking rules

The offering closes on 18 January 2018. The offering comprises a fresh issue of shares worth Rs. 95 crore and an offer for sale of 13,500,000 shares.

Financials

DateTotal RevenueTotal ExpensesProfit after TaxNet Margin
31 March 2017Rs.

Newgen Software Technologies Limited IPO (Newgen Software IPO) Detail

433.8

Rs. 366.2Rs. 52.4Rs. 12.1
31 March 2016Rs. 349.7Rs.

314.4

Rs.

New gen software ipo grey market premium

27.8

Rs. 7.9
31 March 2015Rs. 316.2Rs. 257.2Rs. 46.4Rs. 14.7
31 March 2014Rs. 255.2Rs.

New gen software ipo grey market premium

205.5

Rs. 41.1Rs. 16.1
31 March 2013Rs. 205.5Rs.

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161.0

Rs. 37.0Rs.

What is Grey Market Premium?

18.0

**(All Figures in Rs. Crores)
Valuations
  • Earnings Per Share (EPS): Rs.

    10.53

  • Price/Earnings (P/E) ratio: Rs. 22.79 – Rs. 23.27
  • Return on Net Worth (RONW): 19.06%
  • Net Asset Value (NAV): Rs. 43.34 per share

Newgen Software IPO Subscription Details

CategorySHARES OFFERED16 January 201817 January 201818 January 2018
RII60942930.321.335.18
NII26118400.010.035.52
QIB35066880.100.1015.62
Total122128210.19
0.708.25

Lead Managers

ICICI Securities Limited and Jefferies India Private Limited are the global co-ordinators and book running lead managers to the offer.

IDFC Bank Limited is the book running lead manager to the offer.

Registrar

Karvy Computershare Private Limited is the registrar to the IPO.

Newgen Software IPO Allotment Status

Those investors who have applied for the IPO can check the Karvy website for the allotment.

New gen software ipo grey market premium

The allotment of Newgen Software IPO is expected on or around 23 January 2018. The allotment link will be given here.

Listing Date of Newgen Software

The company is going to list its shares on 29 January 2018.
Listing Day Figures

 BSE (540900)NSE (NEWGEN)
IPO PriceRs.

245

Rs. 245
OpenRs. 253Rs. 254.10
HighRs. 266.50Rs. 266.70
LowRs. 245.95Rs.

IPO Grey Market Premium, Latest IPO GMP & Kostak Rates

246.25

CloseRs. 253Rs. 252.40
DifferenceUp Rs. 8.00 (+3.27%)Up 7.40 (+3.02%)

Newgen Software Technologies Limited Address

IPO DRHP / Prospectus

Download Now – Click Here.

The Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

The Offer includes an Offer for Sale of 13,453,932 Equity Shares by the Selling Shareholders.
  • Newgen Software Technologies Limited will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh
  • General corporate purposes.
Karvy Computershare Private Limited
  • Telephone: +91 40 6716 2222
  • Fax: +91 40 2343 1551
  • Email: [email protected]
  • Website: www.karvycomputershare.com
Registered Office and Corporate Office: A-6, Satsang Vihar Marg
Qutab Institutional Area
New Delhi 110 067

Telephone: +91 11 4077 0100
Fax: +91 11 2685 6936
E-mail: [email protected]
Website: www.newgensoft.com

Category: Latest IPO