What is the price band of the Newgen Software Technologies IPO?

The price band is ₹240–245 per share, and the final issue price is ₹245.

What is the lot size of the Newgen Software Technologies IPO?

One lot is 61 shares, so the minimum retail bid is ₹14,945 at the upper end of the price band.

When is the Newgen Software Technologies IPO listing date?

The shares listed on 29 January 2018.

How many times was the Newgen Software Technologies IPO subscribed?

It was subscribed 8.25x overall: QIB 15.6x, NII 5.52x and retail 5.18x (NSE and BSE together).

Newgen Software Technologies IPO

Newgen Software Technologies Limited (NEWGEN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 January 2018.

Listed 29 Jan Subscribed 8.25x Listing gain +3.7%

Issue details

Price band

₹240–245

Issue price

₹245

Lot size

61 shares

Min. retail bid

₹14,945

Max. retail bid

13 lots (₹1,94,285)

Issue size

₹428 Cr

Face value

₹10

Bidding

16 Jan – 18 Jan 2018

Listing

29 Jan 2018

Retail quota

35%

Registrar

Karvy Computershare Private Limited

Listing day

Listed at

₹254

+3.7% vs issue price ₹245

Day's high

₹267

+8.9% · low ₹246 (+0.5%)

Day's close

₹252

+3.0% · traded ₹360 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	35,06,688	5,47,67,203	15.6x
NII (HNI) total	26,11,840	1,44,12,958	5.52x
Retail	60,94,293	3,15,97,634	5.18x
Total	1,22,12,821	10,07,77,795	8.25x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 27% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Newgen Software Technologies's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Future Supply Chain SolutionsDec 2017	12.4x	11.2x	3.28x	7.56x	₹650 Cr	0.0%	+5.3%
Mahindra LogisticsNov 2017	15.6x	2.07x	6.10x	7.90x	₹829 Cr	0.0%	+1.1%
PSP ProjectsMay 2017	8.38x	10.4x	6.47x	8.58x	₹212 Cr	-9.5%	-5.0%
Larsen & Toubro InfotechJul 2016	19.9x	10.8x	7.39x	11.7x	₹1,242 Cr	-6.1%	0.0%
Laurus LabsDec 2016	10.5x	3.58x	1.67x	4.57x	₹1,334 Cr	+14.5%	+16.4%
Sheela FoamDec 2016	14.5x	3.35x	0.44x	5.09x	₹548 Cr	+17.8%	+41.4%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
ICICI Securities	109	+21.3%	69%
Jefferies India	26	+19.5%	81%
IDFC Bank	—	—	—

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Newgen Software Technologies IPO price band and lot size? ₹240–245 per share, with a lot of 61 shares, so the smallest retail bid is ₹14,945.

How many times has it been subscribed? 8.25x overall: QIB 15.6x, NII 5.52x, retail 5.18x.

How did it list? It opened at ₹254, +3.7% against the issue price of ₹245, and closed its first day +3.0%.

Other IPOs of 2018

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Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.