•The IPO comprises of Fresh Issue of up to Rs. 950.00 million by the Company and an offer for sale by the Selling Shareholders.
•The Offer for Sale consists of up to 13,453,932 equity shares
•The minimum Bid lot is 61 Equity Shares and in multiples of 61 Equity Shares thereafter.
•Bid/ Offer Opening Date – Tuesday, January 16, 2018, and •Bid/ Offer Closing Date – Thursday, January 18, 2018
•The Floor Price is 24.00 times of the face value and the Cap Price is 24.50 times of the Face Value
•Our Company, in consultation with the GCBRLMs and the BRLM, may consider participation by Anchor Investors. The Anchor Investor Bidding Date shall be on Monday, January 15, 2018.
MUMBAI, January 09, 2018 (GPN) : Newgen Software Technologies Limited (“Company”), a software products company will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on Tuesday, January 16, 2018 and close on Thursday, January 18, 2018, with a price band of Rs. 240 to Rs. 245 per equity share of face value of Rs. 10/- each of the Company (the “Equity Shares”). The Anchor Investor Bidding Date shall be Monday, January 15, 2018, being one working day prior to the Bid/ Offer Opening Date.
In terms of Rule 19(2) (b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”) the Offer is being made through the Book Building Process, in compliance with Regulation 26(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be allocated to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that the Company may, in consultation with the GCBRLMs and the BRLM, allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the QIB Category shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.
Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors (“Non-Institutional Category”) and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
All Investors (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”). Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see “Offer Procedure” on page 367 of the Red Herring Prospectus dated January 5, 2018 (“RHP”) filed by the Company.
ICICI Securities Limited and Jefferies India Private Limited are the Global Co-ordinators and Book Running Lead Managers to the Offer. IDFC Bank Limited is the Book Running Lead Managers to the Offer. The Registrar to the Offer is Karvy Computershare Private Limited.
The Equity Shares of Newgen Software Technologies Limited is proposed to be listed on National Stock Exchange of India and BSE Limited.
About Newgen Software Technologies Limited:
Newgen Software Technologies Limited (Newgen) is a software products company offering a platform that enables organisations to rapidly develop powerful applications addressing their strategic business needs. The applications created on Newgen’s platform enable organisations to drive digital transformation and competitive differentiation. This may include automation of routine business functions making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed.
Newgen’s customers use our platform to rapidly design, build and implement enterprise-grade custom applications through intuitive, visual interface with minimal coding. Their platform comprises of: (i) Enterprise Content Management (ECM), (ii) Business Process Management (BPM) and (iii) Customer Communication Management (CCM). Being built on the same technology architecture, these suites are well-integrated and offer our customers ease of implementation and use. These suites can be deployed on-premise as well as on cloud. Increasingly, customers are choosing to use our product suites on cloud on a subscription basis.
ASBA Forms can also be downloaded from the websites of BSE and NSE. ASBA Forms can be obtained from the list of banks that is available on the website of SEBI at www.sebi.gov.in. ASBA Form can be obtained from Syndicate, SCSBs, Registered Brokers, CRTAs and CDPs, the list of which is available on the website of SEBI athttp://www.sebi.gov.in/sebiweb
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