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.
Newgen Software Technologies Limited IPO Stock Quote & Charts
- Open: 303.65
- High - Low: 307.70 - 297.55
- Previous Close: 302.80
- Total Traded Volume: 10405
- Updated On: 18-Jan-2019
Objects of the Newgen Software Technologies Limited IPO:
1. Offer for Sale
2. Fresh IssueThe objects for which the Net Proceeds of the Fresh Issue will be utilized are as:
a. Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh
b. General corporate purposes
Newgen Software Technologies Limited IPO Details:
||Jan 16 2018
||Jan 18 2018
|| ₹ 10 Per Equity Share
||Book Built Issue IPO
|| ₹ 240-245 Per Equity Share
||Jan 29 2018
Discussion on Newgen Software Technologies Limited IPO: