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Newgen Software Technologies IPO Review

Newgen Software Technologies - Background

Newgen Software Technologies is a rapidly growing software company which is offering a platform to organizations all over the world to develop powerful applications which address their strategic business needs. Newgen Software Technologies was founded in 1992 in New Delhi.

From past 25 years, the company has helped the organizations to gain the competitive advantage by increasing the quality and efficiency through enhanced services and bottom line. The company has excelled in software product development. The company operate in three spaces of technology market

  •    ECM (Enterprise Content Management)
  •    BPM (Business Process Management)
  •    CCM (Customer Communication Management)

Newgen Software Technologies - IPO Data Points

The IPO of New Delhi based Software Company Newgen Software Technologies Limited will be open on 16th January 2018 and close on 18th January 2018. The price band of the Newgen Software Technologies IPO is in the range of ₹240 - ₹245 per equity share.

The lot size is 61 shares so retail investors can apply in the multiple of 61 shares. If you want to buy 61 shares the price will be between ₹14,640 - ₹14,945.

The company is going to raise...

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Newgen Software Technologies - Offer for Sale

The company is selling 13,453,932 equity shares through offer for sale. It will fetch over ₹322 crore for the company. In offer for sale existing venture capital investors are selling their stake so this fund will not be utilized for the company purpose.

Some of the venture capitalists which are selling the stake are IDG Ventures, SAP Ventures, and Ascent Capital. IDG is selling 4.57% of the stake, SAP Ventures is selling 3.31% while Ascent Capital is selling 11.42% of its stake.

Newgen Software Technologies - Fresh Issue

The Newgen Software Technologies Limited is offering a fresh issue of ₹95 Crore.

Issue Objective

The main purpose of the fresh issue is to raise the funds for

  •    The purchase and furnishing of the new office in Greater Noida, Uttar Pradesh
  •    General Corporate purpose

Newgen Software Technologies - Revenue and other financial details

The table below will give you a quick idea about the financials of Newgen Software Technologies:

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Also Read: 50+ Upcoming IPOs in 2018

The financial performance of Newgen Software Technologies is quite strong but the company suffered a setback in the financial year 2016 because of higher spending on Research & Development (R&D) for new software. 

If we leave the financial year 2016 the company is showing steady growth in its profit. In the financial year 2017, the Newgen Software Technologies has shown 88% growth in the profit percentage after the investment on the R&D in the previous year.  

In 2015 the profit of the company was ₹463.8 million which reduced to ₹278.2 million in 2016 because of higher spending on R&D. but this investment in R&D gives benefit to the next year’s performance and the company acquired more clients.

In 2017 the profit of the company reached to...

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Newgen Software Technologies IPO Events

The IPO of Delhi based Software Company Newgen Software Technologies Limited will open on 16 January 2018 and close on 18 January 2018. The price band of the issue is fixed at ₹240 at the lower side and ₹245 at the higher side. Finalization of allotment will be on 23rd January 2018.

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Newgen Software Technologies Contact information

The contact information of Newgen Software Technologies is given below. For more information, you can also visit their website.

Newgen Software Inc.

Washington DC Metro Area
1364 Beverly Road, Suite 300
McLean, VA 22101
Tel : +1-703-749-2856, +1-703-439-0703

For General Inquiry:

This email address is being protected from spambots. You need JavaScript enabled to view it.
8270 Woodland Center Boulevard
Tampa.FL – 33614
Tel : +1-813-769-3575
Fax : +1-905-361-6401
This email address is being protected from spambots. You need JavaScript enabled to view it.

Positives of Newgen Software Technologies

Some of the merits towards this technology company landing an IPO include:

  • Strong financial performance and profitable track record with strong balance sheet and stable cash flow
  • The company has strong industry recognition
  • Diversified business across various verticals and planning to increase the verticals
  • Future plans to expand the business by increasing geographical footprints

Our Recommendation* (Buy/Sell/Hold)

For recommendation and detailed information, you can check this detailed Newgen Software Technologies IPO review here.


* The recommendation is just our viewpoint and you are advised to check with your financial advisory and/or stockbroker before investing any money in this IPO. A Digital Blogger bears no responsibility in such investments and the corresponding profits/losses.

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Thursday, 25 April 2019

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