The offer for sale consists of up to 1,34,53,932 shares.
Newgen's IPO is scheduled to open on January 16 and would close on January 18, the statement said.
The shares of Newgen Software Technologies are proposed to be listed on NSE and BSE.
The company, established in 1992, deals in business process management software for banks, business process outsourcing firms, government organisations and sells products across 60 countries.
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