Newgen Software Technologies IPO GMP History
Newgen Software Technologies IPO has been listed on January 29, 2018 at a listing price of ₹254.1, against the issue price of ₹245 — a gain of ₹9.1 (+3.71%). The GMP peaked at ₹67.5 on 13 January 2018 and reached a low of ₹12.5 on 28 January 2018. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Newgen Software Technologies IPO raised ₹424.62 Cr. through its IPO at a price band of ₹240 to ₹245 per share, with a lot size of 61 shares. The IPO was open for subscription from 16 Jan 2018 to 18 Jan 2018.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:11 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 28 Jan 2018 | ₹ 12.5 | — | 5% | — | — |
| 27 Jan 2018 | ₹ 12.5 | — | 5% | — | — |
| 26 Jan 2018 | ₹ 12.5 | — | 5% | — | — |
| 25 Jan 2018 | ₹ 12.5 | — | 5% | — | — |
| 24 Jan 2018 | ₹ 12.5 | ▼ | 5% | — | — |
| 23 Jan 2018 | ₹ 17.5 | — | 7% | — | — |
| 22 Jan 2018 | ₹ 17.5 | — | 7% | — | — |
| 21 Jan 2018 | ₹ 17.5 | — | 7% | — | — |
| 20 Jan 2018 | ₹ 17.5 | — | 7% | — | — |
| 19 Jan 2018 | ₹ 17.5 | — | 7% | — | — |
| 18 Jan 2018 | ₹ 17.5 | — | 7% | — | — |
| 17 Jan 2018 | ₹ 17.5 | ▼ | 7% | — | — |
| 16 Jan 2018 | ₹ 32.5 | — | 13% | — | — |
| 15 Jan 2018 | ₹ 32.5 | ▼ | 13% | — | — |
| 13 Jan 2018 | ₹ 67.5 | — | 28% | — | — |
| 12 Jan 2018 | ₹ 67.5 | ▲ | 28% | — | — |
| 11 Jan 2018 | ₹ 45 | — | 18% | — | — |
| 10 Jan 2018 | ₹ 45 | — | 18% | — | — |
Newgen Software Technologies IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 16 Jan 2018
- Close 18 Jan 2018
- Allotment 23 Jan 2018
- Refund/credit 24 Jan 2018
- Listing 29 Jan 2018
Newgen Software Technologies IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹245 |
|---|---|
| GMP-based estimate (pre-listing) | ₹257 (+4.9%) |
| Listing gain / loss | +₹9.1 per share |
| Listing date | 29 Jan, 2018 |
| Actual listing price | ₹254.1 (+3.71%) |
Is Newgen Software Technologies IPO GMP reliable?
Grey market premium for Newgen Software Technologies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Newgen Software Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Newgen Software Technologies IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Newgen Software Technologies IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Newgen Software Technologies IPO
Newgen Software Technologies Limited is a Delhi based software product company. Its promoters are Diwakar Nigam and T.S. Varadarajan.
Its products and platforms help organisations build software applications quickly, mainly in the ECM and BPM space.
It sells through direct sales and through about 300 channel partners worldwide.
The IPO was Rs 424.62 crore, with Rs 95.00 crore of fresh issue and Rs 329.62 crore of offer for sale, at Rs 245, the top of the Rs 240 to Rs 245 band. Most of the fresh money was for buying and furnishing office premises near the Noida Greater Noida Expressway.
Frequently asked
What is the GMP of Newgen Software Technologies IPO?
The current Grey Market Premium (GMP) of Newgen Software Technologies IPO is ₹ 12.5.
What is the Kostak Price of Newgen Software Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Newgen Software Technologies IPO is not available.
What is the Subject to Sauda Price of Newgen Software Technologies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Newgen Software Technologies IPO?
Newgen Software Technologies IPO listed on January 29, 2018 at ₹254.1, against the issue price of ₹245 — a gain of +3.71%.
How did the GMP of Newgen Software Technologies IPO trend before listing?
The GMP of Newgen Software Technologies IPO was stable in its final days before listing. The GMP peaked at ₹67.5 on 13 January 2018. View the day-wise table above for the complete GMP history.
Explore Newgen Software Technologies IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
