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 Dates 16 – 18 January 2018
Price Band INR240 – 245 per share
Fresh issue INR95 crore
Offer For Sale 13,453,932 shares (INR322.89 – 329.62 crore)
Total IPO size INR417.89 – 424.62 crore
Minimum bid (lot size) 61 shares 
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, 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)
  FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenues 205.5 255.2 316.2 349.7 433.8 210.0
Total expenses 161.0 205.5 257.2 314.4 366.2 202.3
Profit after tax 37.0 41.1 46.4 27.8 52.4 5.8
Net margin (%) 18.0 16.1 14.7 7.9 12.1 2.8

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 1 Day 2

Day 3
QIB 3,506,688 0.09 0.10 15.61
NII 2,611,840 0.00 0.03 5.51
Retail 6,094,293 0.31 1.33 4.67
         
Total 12,212,821 0.19 0.70 8.00

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 COMMENTS

  1. 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…

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