Newgen Software IPO

Newgen Software IPOBusiness description from prospectus - Newgen Software is a software products company offering a platform that enables organisations to rapidly develop powerful applications addressing their strategic business needs. The applications created on its platform enable organisations to drive digital transformation and competitive differentiation. Its customers use the platform to rapidly design, build and implement enterprise-grade custom applications through intuitive, visual interface with minimal coding. The company’s platform comprises of Enterprise Content Management (ECM), Business Process Management (BPM), and Customer Communication Management (CCM).

Newgen Software Technologies’ business has multiple revenue streams including from:

  • Sale of software products: one-time upfront license fees in relation to the platform deployed on-premise
  • Annuity based revenue: recurring fees/charges from the following:
    • SaaS: subscription fees for licenses in relation to platform deployed on cloud
    • ATS/AMC: charges for annual technical support and maintenance (including updates) of licences, and installation
    • Support: charges for support and development services
  • Sale of services: milestone-based charges for implementation and development, and charges for scanning service
Promoters of Newgen Software - Diwakar Nigam and T S Varadarajan
Newgen Software IPO details
Subscription Dates16 - 18 January 2018
Price BandINR240 - 245 per share
Fresh issueINR95 crore
Offer For Sale13,453,932 shares (INR322.89 - 329.62 crore)
Total IPO sizeINR417.89 - 424.62 crore
Minimum bid (lot size)61 shares 
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Use of funds
  • Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh - INR84.34 crore
  • General Corporate purposes - remaining amount
Newgen Software’s financial performance (in INR crore)
 FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenues205.5255.2316.2349.7433.8210.0
Total expenses161.0205.5257.2314.4366.2202.3
Profit after tax37.041.146.427.852.45.8
Net margin (%)18.016.114.77.912.12.8

Newgen Software Contact Details

Newgen Software Technologies Limited 
A-6, Satsang Vihar Marg
Qutab Institutional Area
New Delhi 110 067

Phone: +91 11 4077 0100
Fax: 
+91 11 2685 6936
Email:
[email protected]
Website: www.newgensoft.com

Registrar of Newgen Software IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Valuation of Newgen Software (Based on latest FY)

Earnings Per Share (EPS): INR10.53

Price/Earnings (P/E) ratio: 22.79 - 23.27 

Return on Net Worth (RONW): 19.06%

Net Asset Value (NAV): INR43.34 per share

Newgen Software IPO Subscription Details

Category

Shares offered

Subscription (no. of times, at 5 PM)
Day 1Day 2

Day 3

QIB3,506,6880.090.1015.61
NII2,611,8400.000.035.51
Retail6,094,2930.311.334.67
     
Total12,212,8210.190.708.00

Newgen Software IPO Allotment Status

Newgen Software IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

 

Listing performance of Newgen Software IPO

IPO Opening Date: 16 January 2018

IPO Closing Date: 18 January 2018

Finalisation of Basis of Allotment: 23 January 2018

Initiation of refunds: 24 January 2018

Transfer of shares to demat accounts: 25 January 2018

Listing Date: 29 January 2018

Listing Price on NSE: INR254.1 per share (up 3.71% from IPO price)

Closing Price on NSE: INR252.4 per share (up 3.02% from IPO price)

17 thoughts on “Newgen Software IPO

  • January 26, 2018 at 11:10 AM
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    Newgen ipo allotment not found from karvy. What is problem??

    Reply
  • January 24, 2018 at 1:22 PM
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    ALLOTMENT TO NAHI DIKHA RAHA HAI…BUT MONEY IS DEBITED FROM BANK?

    Reply
  • January 24, 2018 at 9:14 AM
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    Allotment Result aaya ya nahi abhi

    Reply
  • January 23, 2018 at 5:48 PM
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    IPO ALLOTMENT ON FRIDAY

    Reply
  • January 23, 2018 at 5:24 PM
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    Allotment hua ki nahi is ipo ka?

    Reply
  • January 17, 2018 at 12:32 AM
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    This IPO is good, PE Ratio is good and EPS is also better.
    I think it will open at high or continue will increase.

    Reply
  • January 16, 2018 at 5:17 PM
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    should we subscribe or not as long term investment ? and should this subscribe for profit book on listing day ??

    Reply
  • January 12, 2018 at 10:41 PM
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    Wipro itc infoces

    Reply
    • January 14, 2018 at 3:37 PM
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      Now check which of these is trading at PE ratio less than Newgen

      Reply
  • January 12, 2018 at 2:02 PM
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    You say it is priced lower than peers. Can you name a few listed competitors?

    Reply
  • January 10, 2018 at 10:18 PM
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    It is price is lower than listed peers

    Reply
  • January 8, 2018 at 2:23 PM
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    As usual IPOcentral is first to report this but where are the details. Only financial performance is useful and it is not great. Pricing pressure…

    Reply
    • January 8, 2018 at 5:44 PM
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      What, is it sarcastic sir? 12% margin is not good??

      Reply
      • January 9, 2018 at 9:15 AM
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        It is good but less than Infosys and other IT players. Iam not blaming the company, just trying to evaluate before investing.

        Reply
        • January 10, 2018 at 3:50 PM
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          You have made a good point and that’s the beauty of discussions. This IPO looks priced to perfection and leaves no upside for investors.

          Reply

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