Newgen Software Technologies Limited IPO

Newgen Software Technologies Limited

Issue Open

Jan 16, 2018

Price Band

₹ 240 - ₹ 245

Issue Size

₹ 424.62 Cr

Credit of Shares to Demat


Issue Close

Jan 18, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Book Built Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Jan 29, 2018



About the company:

Introduction: Newgen software technologies is a software product company based out of Delhi. It provides Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and Case Management solutions. Newgen has over 265 employees globally. It sells products through direct sales and through its 300 global channel partners.

Date of Establishment: Newgen Software Technologies Limited was established in the year  1992, in New Delhi, India.

Product & Service Offering: Newgen has products majorly in the area of Business Process Management (BPM), Enterprise Content Management (ECM). Given below are the key software platforms of Newgen:

1. OmniDocs Enterprise Content Management (ECM) Software which is basically facilitates in  digitization of enterprise content and information

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

3. OmniOMS Customer Communication Management suite which is used for unified communication platform to improve communication with customers

Customer Segment: Newgen rsquo;s solutions are used  in diverse sectors including banking, government/PSUs, BPO/IT, insurance and healthcare. Company’s clients include 17 Global Fortune 500 companies. It has over 450 active customers in over 60 countries.

Company Promoters: The Promoters of the Company are Mr. Diwakar Nigam and Mr. T.S. Varadarajan.

Objects of the Issue: The aim of the proposal is both for the fresh issue by the company and selling of shares by existing shareholders. 13,453,932 Equity Shares are available for sale. Company will not receive any proceeds from the Offer for Sale by the Selling Shareholders. Fresh issue of shares are being done for funding office premises near Noida-Greater Noida Expressway, Uttar Pradesh and general corporate funding requirements

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. million)
  31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 4,467.11 3,892.55 3,243.41 2,650.47 1,578.12
Total Revenue 4,337.65 3,496.70 3,162.13 2,551.65 2,055.49
Profit After Tax 523.62 278.20 463.80 410.81 369.55  




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