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Newgen Software Technologies Limited is a software product company and offering a platform which enable organizations to develop applications addressing their strategic requirements. Customers use their platform for rapid design, visual interface and building and designing enterprise grade custom applications with minimal coding.

The business has multiple revenue streams including from:

  • Sale of software products
  • Annuity based revenue
  • SaaSo
  • ATS/AMC and Support
  • Sale of services

Newgen Software Technologies Limited - Issue Details:

Issuer Newgen Software Technologies Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Jan 16, 2018;
Issue Closes: Jan 18, 2018
Price Brand Rs.240 - Rs.245 per Equity Share
Issue Size(Rs.) upto Rs. 424.62 Crs
Face Value Rs.10 per Equity Share
Bit Lot 61 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size : 208.95* - 212.31^ Crs
NIB 15% of the issue size : 62.68* - 63.69^ Crs
Retail Individual Bidders 35% of the issue size : 146.26* - 148.62Crs
Mode of Payment ASBA Mandatory (No Cheque will be accepted)
Registrar Karvy Computershare Pvt Ltd
Listing NSE & BSE
Book Running Lead Managers ICICI Securities, Jefferies, IDFC

Key Strategies:

  • Expand business and geographical footprint
  • Focus on attractive verticals in select mature markets
  • Expand product portfolio through investment in advanced features and technologies
  • Expand and grow strategic business applications to new verticals
  • Attract, develop and retain highly-skilled employees


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