Newgen IT Technologies Ltd - IPO

Newgen IT Technologies Ltd IPO Details

Initial public issue of up to 54,00,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Newgen IT Technologies Limited (Company or Newgen IT or Issuer) for cash at a price of Rs. [*] per equity share (Including a Share Premium of Rs. [*] per Equity Share) (Issue Price) aggregating up to Rs. [*] crores of which up to [*] equity shares of face value of Rs. [*] each for cash at a price of Rs. [*] per equity shareincluding a share premium of Rs. [*] per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*] per equity share aggregating to Rs. [*] is herein after referred to as the Net Issue. The issue and the net issue will constitute [*] % and [*] % respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is [*] times the face value of the equity shares.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding working capital requirements of the company. General corporate purposes.

Newgen IT Technologies Ltd Contact Details

Newgen IT Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@newgenit.com

Website - www.newgenit.com