Newgen Software Technologies Limited IPO (Newgen Software IPO) DETAILS
ABOUT THE NEWGEN SOFTWARE TECHNOLOGIES LIMITED ipo : NEWGEN SOFTWARE, established in 1992, deals in business process management software for banks, business process outsourcing firms, government organisations and sell products across 60 countries.Ascent Capital, IDG Ventures, Vistra ITCL and SAP Ventures are investors in Newgen Software.The company has overseas offices in the US, Canada, Singapore, United Kingdom and Dubai.NEWGWN SOFTWAREe already have 7-8 banks in the US using their platform,ICICI, Life Insurance Corporation of India, Kotak Mahindra Bank,, Bank of Baroda, United Arab Bank, Mercantile Bank etc.
Newgen Software Technologies Limited has four patents registered in India and 27 outstanding patent applications in India and one outstanding patent application in the USA. The company’s platform comprises of Enterprise Content Management (ECM), Business Process Management (BPM), and Customer Communication Management (CCM).
STRENGHTS OF THE COMPANY:
- Company sells their software through licenses and subscriptions and intend to grow the revenue both by adding new customers and by increasing the number of users at existing customer organisations.
- Profitable track record, strong balance sheet and stable cash flows.
- Plans to Expand the business and geographical footprint.
- Software product company with strong industry recognition.
- Diversified business across several verticals.
NEWGEN SOFTWARE PROMOTERS:
The Promoters of the Company are Mr. Diwakar Nigam and Mr. T.S. Varadarajan.
OBJECTIVES OF THE ISSUE:
Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh.
General corporate purposes.
Financials of Newgen software:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17|
NEWGEN SOFTWARE IPO DETAILS:
|Issue Opens on||16th January 2018|
|Issue Closes on:.||18th January 2018|
|Issue Price||Rs.240 – 245|
|Issue Size||Rs.424.62 cr ($67 million)|
|Market Cap||Rs.1696 cr cr ($266 million )|
|Listing at||NSE & BSE|
|Equity Shares Offered (OFS)||1,34,53,932|
|Equity Shares Offered (Fresh)||38,77,551|
|Total Equity Shares Offered (OFS + Fresh)||1,73,31,483|
|Equity Shares Prior||6,53,58,150|
|Equity Shares after the issue||6,92,35,701|
Registrar of Newgen Software IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
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
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