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Newgen Software Technologies IPO Prospectus
What Are Analysts Saying?
Subscribe to Newgen Software Technologies IPO
Hem Securities, 16 Jan 2018
The co is bringing the issue at p/e multiple of 33 on FY17 eps of Rs 8.26 at higher price band of Rs 240-245/share. Looking after financials of co we recommend “Long Term Subscribe” on it.
Newgen Software Technologies IPO: All that you need to know
Rudra Shares and Stock Brokers, 16 Jan 2018
But if we look into the company’s profitability it is declining, margins are low & Valuation is also not so attractive.Considering these factors, issue seems to be risky therefore we are NUETRAL for this IPO.
IPO Note: Newgen Software Technologies
HDFC Sec, 16 Jan 2018
The Offer comprises a Fresh Issue by NSTL and an Offer for Sale by the Selling Shareholders. The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portion of the Equity Shares after deducting their portion of the Offer related expenses and relevant taxes thereon. NSTL will not receive any proceeds from the Offer for Sale.
Issue Details
Open Date: 17 Jan 18
Close Date: 19 Jan 18
Offer Price: Rs. 240
Issue Size: Rs. 95 Cr
Min Application Amount:
Rs. 14640
Min bid (No. of shares): 61
Listing Exchanges: BSE, NSE
About the Company
"Incorporated in 1992, Newgen Software Technologies is Delhi-based Software Product Company. Newgen offers product and platform that enables organizations to rapidly develop powerful software applications. Company mainly offers products in ECM and BPM space. Company sells its products through direct sales and through its 300 strong channel partners globally.

Newgen Software has four patents registered in India and 27 outstanding patent applications in India and one outstanding patent application in the USA. Newgen has over 450 active customers in over 60 countries. These customers are served by over 265 employees.

Newgen Software platform comprises of:

1. OmniDocs Enterprise Content Management (ECM) Software (to digitization of enterprise content and information)

2. OmniFlow Intelligent Business Process Suite (BPM) (to manage a complete range of business processes)

3. OmniOMS Customer Communication Management suite (unified communication platform to improve communication with customers)

These enterprise-wide solutions are used by in various sectors including banking, government/PSUs, BPO/IT, insurance and healthcare."
Objective of the Issue
"Objects of the Issue:

The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

1. Offer for Sale
The Offer includes an Offer for Sale of 13,453,932 Equity Shares by the Selling Shareholders. Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders.

2. Fresh Issue
The objects for which the Net Proceeds of the Fresh Issue will be utilized are as:
a. Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh; and
b. General corporate purposes"
Subscription Details
Investor Category No of times
Qualified Institutional Investor -
Non Institutional Investor -
Retail Investor -
Total -