Business Standard

Newgen Software Technologies Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

424.62 cr

Price Range (₹)

245

Lot Size

61

Min Investment (₹)

14,945.00

Listing Exchange

MumbaiNSE

Open Date

16-Jan-2018

Close Date

18-Jan-2018

Listing Date

29-Jan-2018

Newgen Software Technologies Ltd News

    The Shares of Newgen Software Technologies Ltd have now been listed.

    Newgen Software Technologies Ltd IPO Details

    Initial public offering of up to 17,331,483 equity shares of face value of Rs. 10 each (the equity shares) of Newgen Software Technologies Limited (the company or the company or the issuer) for cash at a price of Rs. 245 per equity share (including share premium of Rs. 235 per equity share) (the offer price) aggregating up to Rs. 424.62 Crores (the offer) comprising a fresh issue of 3,877,551 equity shares by the company aggregating up to Rs. 95.00 Crores and an offer for sale of up to 13,453,932 equity shares aggregating to Rs. 329.62 Crores by the selling shareholders (as defined hereinafter), (offer for sale). The offer shall constitute 25.03% of the post-offer paid-up equity share capital of the company.The face value of equity shares is Rs.10 each.The anchor invetsor offer price is Rs.245 per equity share.The offer price is Rs.245 per equity share, which is 24.5 times the face value of the equity share.

    Objective of issue

    Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh. General Corporate Purposes.

    Newgen Software Technologies Ltd Contact Details

    Newgen Software Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investors@newgensoft.com

    Website - https://newgensoft.com