Newgen Software Technologies IPO
Newgen Software Technologies IPO — date, price band, lot size & details 2018
Newgen Software Technologies listed on 29 Jan 2018 at ₹254.1, 3.7% above the ₹245 issue price.
Newgen Software Technologies is a Delhi based software product company offering enterprise content management (ECM) and business process management (BPM) platforms. Its total income was Rs 389.78 crore in FY2017.
Stock price
Newgen Software Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 18 Jan, 2018 |
|---|---|
| Price Band | ₹240 – ₹245 |
| Face Value | ₹10 |
| Lot Size | 61 Shares |
| Issue Size | ₹424.62 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,945 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 61 shares at the ₹245 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 61 | ₹14,945 |
| Retail (max) | 13 | 793 | ₹1,94,285 |
| S-HNI (min) | 14 | 854 | ₹2,09,230 |
| S-HNI (max) | 66 | 4,026 | ₹9,86,370 |
| B-HNI (min) | 67 | 4,087 | ₹10,01,315 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 286.32 crore in FY2015 to Rs 389.78 crore in FY2017.
- 02Profit after tax rose from Rs 27.65 crore in FY2016 to Rs 50.16 crore in FY2017.
- 03It sells through about 300 channel partners worldwide.
- 04Net worth rose from Rs 211.45 crore in FY2015 to Rs 272.08 crore in FY2017.
Risks · 5
- 01Profit after tax fell from Rs 42.80 crore in FY2015 to Rs 27.65 crore in FY2016, so earnings are uneven.
- 02Profit was only Rs 5.65 crore in six months to September 2017, as its sales are lumpy.
- 03Rs 84.34 crore of the fresh issue went to office premises rather than growth.
- 04Rs 329.62 crore of the Rs 424.62 crore issue went to selling shareholders.
- 05Promoter holding fell from 70.27% before the issue to 66.34% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Newgen Software Technologies offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 447.30 | 433.17 | 379.15 | 318.23 |
| Total Income | 185.64 | 389.78 | 315.46 | 286.32 |
| Profit After Tax | 5.65 | 50.16 | 27.65 | 42.80 |
| NET Worth | 267.91 | 272.08 | 227.86 | 211.45 |
| Reserves and Surplus | 204.29 | 208.70 | 164.77 | 148.39 |
| Total Borrowing | 66.29 | 52.26 | 58.83 | 44.58 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹84.58 Cr of the issue is earmarked to named objects.
Newgen Software Technologies IPO Anchor Investors
12 anchor investors across 8 fund houses committed ₹127.38 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Goldman Sachs India Limited | Goldman Sachs | 1,020,469 | 25.00 | 19.63% |
| HDFC Trustee Company Ltd - HDFC Equity Saving Fund | HDFC Mutual Fund | 1,020,469 | 25.00 | 19.63% |
| Forefront Alternative Investment Trust-Forefront Alternative Equity Scheme | - | 816,363 | 20.00 | 15.70% |
| Aditya Birla Sun Life Trustee Private. Limited A/C Aditya Birla Sun Life Small & Midcap Fund | Aditya Birla Sun Life Mutual Fund | 612,257 | 15.00 | 11.78% |
| SBI It Fund | SBI Mutual Fund | 107,055 | 2.62 | 2.06% |
| SBI Equity Opportunities Fund Series I | SBI Mutual Fund | 39,162 | 0.96 | 0.75% |
| SBI Equity Savings Fund | SBI Mutual Fund | 233,447 | 5.72 | 4.49% |
| SBI Resurgent India Opportunities Scheme | SBI Mutual Fund | 110,227 | 2.70 | 2.12% |
| Malabar India Fund Limited | Malabar | 415,898 | 10.19 | 8.00% |
| Alchemy Leaders Of Tomorrow | - | 415,898 | 10.19 | 8.00% |
| BNP Paribas Arbitrage | BNP Paribas | 204,082 | 5.00 | 3.93% |
| Societe Generale | Societe General | 204,117 | 5.00 | 3.93% |
| Total anchor allocation | 127.38 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Newgen Software Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
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IDFC Bank Ltd
10 issues handledBest listing: Dixon Technologies (India) (+54.3%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Newgen Software Technologies?
The current Grey Market Premium is ₹12.5, or 5% over the issue price.
What is the Newgen Software Technologies IPO price band?
₹240 to ₹245, on a face value of ₹10.
When is the allotment?
The basis of allotment is 23 January 2018, with listing on 29 January 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
