Newgen Software Technologies Limited IPO
Newgen Software Technologies Limited was a mainboard IPO in the Computers - Software & Consulting sector, offered at ₹120–₹122.5 per share to raise ₹425 crore. The issue was subscribed 8.25× overall (QIBs 15.62×, NIIs 5.52×, retail 5.18×). It listed on 29 Jan 2018 at ₹127 and closed its first day at ₹126, a listing gain of +3.0% versus the ₹122.5 issue price. It now trades around ₹442 (+261.2% versus the issue price).
Frequently asked questions
- How many times was the Newgen Software Technologies Limited IPO subscribed?
- The Newgen Software Technologies Limited IPO was subscribed 8.25× overall — 15.62× in the QIB category, 5.52× among non-institutional investors, 5.18× in retail.
- What were the Newgen Software Technologies Limited IPO listing gains?
- Newgen Software Technologies Limited listed on 29 Jan 2018 at ₹127, closing its first day at ₹126 — a listing gain of +3.0% versus the ₹122.5 issue price.
- What were the retail allotment odds for the Newgen Software Technologies Limited IPO?
- Retail was subscribed 5.18×, so a single-lot application had roughly a 19.3% chance of allotment (about 1 in 5), and allotment was finalised on 23 Jan 2018.
- What was the price band and lot size of the Newgen Software Technologies Limited IPO?
- The price band was ₹120–₹122.5 per share, with a minimum lot of 61 shares (₹7,472 at the upper band).
- Who were the registrar and lead manager for the Newgen Software Technologies Limited IPO?
- Karvy Computershare Private Limited was the registrar, and ICICI Securities was the book-running lead manager.