Analysis and Insights into the world of IPOs and investing in India

Monday, January 15, 2018

IPO of Newgen Software - owner of OmniDocs system opens from January 16

Newgen Software Technologies is Delhi-based Software Product Company. Newgen offers product and platform that enables organizations to rapidly develop powerful software applications. Company mainly offers products in ECM and BPM space. Company sells its products through direct sales and through its 300 strong channel partners globally.

Newgen Software has four patents registered in India and 27 outstanding patent applications in India and one outstanding patent application in the USA. Newgen has over 450 active customers in over 60 countries. These customers are served by over 265 employees.

Newgen Software platform comprises of:
1. OmniDocs Enterprise Content Management (ECM) Software (to digitization of enterprise content and information)
2. OmniFlow Intelligent Business Process Suite (BPM) (to manage a complete range of business processes)
3. OmniOMS Customer Communication Management suite (unified communication platform to improve communication with customers)

The IPO would be open between January 16 and January 18, 2018. Shares are offered in a Price Band of Rs.240/- to Rs.245/- a share with a bid lot of 61 equity shares and in multiples thereof
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