Newgen Software Technologies Limited IPO
The company, established in 1992, deals in business process management software for banks, business process outsourcing firms, government organisations and sell products across 60 countries. The company is financially doing very well and registering good growth year-on-year.
The segment in which it operates is a USD 18 billion industry globally and expected to be USD 30 billion. It has started expanding its overseas footprint. In India and Middle East it is a dominant player. It is looking for global opportunity now and Gartner has recognised as one of the leading player, which has helped it in generating business lead in overseas market.
The company has overseas offices in the US, Canada, Singapore, United Kingdom and Dubai. Newgen has registered compounded annual growth rate of 21 per cent over last five years and expects similar growth in coming years.
It has seen lots of great software services companies from India. It is one of the unique software product company from India that has global footprint. Product companies take a lot of time to mature, but then they have a great future.The company has workforce of around 2,200 employees out of which 238 are part of its research and development team. It has 32 patents registered for BPM software and now working on host of new technologies, including artificial intelligence, robotic process automation etc.
Objects of the Issue:
Listing Date: Jan 29 2018
|Open Date:||Jan 16 2018|
|Close Date:||Jan 18 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||424.62 Cr.|
|Lot Size:||61 Shares|
|Issue Price:||₹ 240-245 Per Equity Share|
|Listing Date:||Jan 29 2018|
Promoters And Management:
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||523.62||278.20||463.80||410.81||369.55|