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:
- 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.
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
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹240 to ₹245 per equity share |
| Market Lot | 61 Shares |
| Min Order Quantity | 61 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540900 |
| NSE Symbol | NEWGEN |
| ISIN | INE619B01017 |
| Issue Size | Aggregating up to ₹424.62 Cr |
| Fresh Issue | Aggregating up to ₹95.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Newgen Software IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 16-Jan-18 |
| IPO Close Date | 18-Jan-18 |
| Basis of Allotment Date | 23-Jan-18 |
| IPO Listing Date | 29-Jan-18 |
Newgen Software IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 61 | ₹14,945 |
| Maximum | 13 | 793 | ₹194,285 |
IPO Allotment Status
Please Click Hare To Check IPO Allotmemt Status For Newgen Software Technologies Limited
Company Promoters:
The Promoters of the Company are Mr. Diwakar Nigam and Mr. T.S. Varadarajan.
Company Financials:
| PARTICULAR | 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 | 278.2 | 463.8 | 410.81 | 369.55 |
Objects of the Issue:
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
- Offer for Sale
The Offer includes an Offer for Sale of 13,453,932 Equity Shares by the Selling Shareholders. Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders. - Fresh Issue
The objects for which the Net Proceeds of the Fresh Issue will be utilized are as:
a. Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh; and
b. General corporate purposes
Registara & Company Details
| Company Contact Information | Newgen Software IPO Registrar |
| 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/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: einward.ris@karvy.com Website: https://karisma.kfintech.com/ |
