Newgen Software Technologies IPO Subscription Status
Newgen Software Technologies IPO was subscribed 8.31 times when bidding closed on 18 Jan 2018: QIB 15.8x, NII 5.54x, Retail 5.21x.
The Newgen Software Technologies IPO has been subscribed 8.31x times overall. Retail investors have shown interest with bids for 5.21x the shares available. The Non-Institutional Investor (NII) category has been subscribed 5.54x. Qualified Institutional Buyers (QIBs) have subscribed 15.8x. Data last updated on 12 Nov, 03:11 PM.
The IPO subscription period has ended. The issue opened on 16 Jan, 2018 and closes on 18 Jan, 2018. The shares are expected to list on stock exchanges on 29 Jan, 2018.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 15.8x |
| NII | - of - - | 5.54x |
| Retail | - of - - | 5.21x |
| TOTAL | - - | 8.31x |
Newgen Software Technologies IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 19.2% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 15.8x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
18 Jan 2018
Day 3 |
8.31x | ▼ | |
|
QIB15.8x
BHNI-
SHNI-
Retail5.21x
|
|||
|
17 Jan 2018
Day 2 |
0.7x | ▼ | |
|
QIB0.1x
BHNI-
SHNI-
Retail1.33x
|
|||
|
16 Jan 2018
Day 1 |
0.19x | ▼ | |
|
QIB0.1x
BHNI-
SHNI-
Retail0.32x
|
|||
Newgen Software Technologies IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | GOLDMAN SACHS INDIA LIMITED | GOLDMAN SACHS | ₹25.00 Cr | 19.63% | |
| 2 | HDFC TRUSTEE COMPANY LTD - HDFC EQUITY SAVING FUND | HDFC MUTUAL FUND | ₹25.00 Cr | 19.63% | |
| 3 | FOREFRONT ALTERNATIVE INVESTMENT TRUST-FOREFRONT ALTERNATIVE EQUITY SCHEME | - | ₹20.00 Cr | 15.70% | |
| 4 | ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE. LIMITED A/C ADITYA BIRLA SUN LIFE SMALL & MIDCAP FUND | ADITYA BIRLA SUN LIFE MUTUAL FUND | ₹15.00 Cr | 11.78% | |
| 5 | MALABAR INDIA FUND LIMITED | MALABAR | ₹10.19 Cr | 8.00% | |
| 6 | ALCHEMY LEADERS OF TOMORROW | - | ₹10.19 Cr | 8.00% | |
| 7 | SBI EQUITY SAVINGS FUND | SBI MUTUAL FUND | ₹5.72 Cr | 4.49% | |
| 8 | SOCIETE GENERALE | SOCIETE GENERAL | ₹5.00 Cr | 3.93% | |
| 9 | BNP PARIBAS ARBITRAGE | BNP PARIBAS | ₹5.00 Cr | 3.93% | |
| 10 | SBI RESURGENT INDIA OPPORTUNITIES SCHEME | SBI MUTUAL FUND | ₹2.70 Cr | 2.12% | |
| 11 | SBI IT FUND | SBI MUTUAL FUND | ₹2.62 Cr | 2.06% | |
| 12 | SBI EQUITY OPPORTUNITIES FUND SERIES I | SBI MUTUAL FUND | ₹0.96 Cr | 0.75% | |
| TOTAL | ₹127.38 Cr | 100.02% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Newgen Software Technologies IPO?
As of IPO close date (18 Jan, 2018), the Newgen Software Technologies IPO is subscribed 8.31x times. Retail category is 5.21x, and NII is 5.54x subscribed.
When is the allotment date for Newgen Software Technologies IPO?
The allotment for Newgen Software Technologies IPO is expected to be finalized on 23 January, 2018.
What is the GMP of Newgen Software Technologies?
The Grey Market Premium (GMP) for Newgen Software Technologies is currently ₹12.5, indicating a potential listing gain of 5%.
When will Newgen Software Technologies IPO list on the stock market?
Newgen Software Technologies is scheduled to list on BSE and NSE on 29 January, 2018.
What are the chances of getting allotment in Newgen Software Technologies IPO?
The retail category is oversubscribed at 5.21x, meaning allotment is by lottery. Statistically, approximately 1 in 6 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 15.8x mean for Newgen Software Technologies IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 15.8x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Newgen Software Technologies IPO allotment status?
After the allotment date (23 Jan, 2018), you can check your Newgen Software Technologies IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Newgen Software Technologies IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
