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Newgen Software IPO to open on Jan 16,price band at Rs 240-245

Press Trust of India  |  New Delhi 

IT firm Software Technologies will launch its initial public offer (IPO) on January 16 and has fixed a price band of 240-245 per share, a company statement said today.

The IPO, to raise about 424 crore, comprises fresh issue of up to 950 million by the company and an offer for sale by the selling shareholders.

The offer for sale consists of up to 1,34,53,932

Newgen's IPO is scheduled to open on January 16 and would close on January 18, the statement said.

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

is the book running lead


The of Software Technologies are proposed to be listed on and

The company, established in 1992, deals in business process management software for banks, business process outsourcing firms, organisations and sells products across 60 countries.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 14:51 IST
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