Newgen Software Technologies Limited IPO – Company Profile, Price Band, Analysis


Newgen Software Technologies Limited (Newgen Software) – a global software Company and is engaged in the business of software product development is planning to raise INR 417.89 – 424.62 crore {INR 95 crore for Fresh Issue + (INR 322.89 – 329.62 crore) for OFS} via initial public offer (IPO)

Newgen Software – Company Profile

  • Incorporated in the year 1992, Newgen Software Technologies Limited is Delhi-based Software Product Company. It offers product and platform that enables organizations to rapidly develop powerful software applications.
  • Newgen Software has 4 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.
  • The Company’s customers are served by over 265 employees.

Working Area

  • Newgen Software is a provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and Case Management solutions with large, mission-critical solutions deployed at world’s leading Banks, Insurance firms, Healthcare Organizations, Governments, BPO’s & Telecom Companies.
  • The company has been recognized by distinguished analyst firms including Gartner and Forrester. It has been positioned in the Magic Quadrants for Intelligent Business Process Management (iBPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) and BPM-Platform-Based Case Management frameworks.
  • Newgen’s Quality Systems are certified for ISO 9001:2008, ISO 27001:2013, CMMi Development (v1.3) Level 3 and CMMi Services (v1.3) Level 3.

Recent Awards

  • IT. Innovations Awards – MSME for innovation in RPA at Express IT Awards 2017
  • “Analytics Solution of the Year” Award for advanced analytics at Express IT Awards 2017
  • “Preferred Partner for ECM solutions” Award at Infosys Finacle Global Partner Meet 2017
  • Asian Banker Award 2017 for Best Branch Automation Project
  • Elets PSU Summit Award 2017 – for digital-management of the Indian Customs enterprise-wide content

Company Promoters

  • Mr. Diwakar Nigam
  • Mr. T.S. Varadarajan

IPO Opening / Closing Dates & Listing

Newgen Software

IPO Details – Price, Minimum Bid and Other

Newgen Software

Financial Performance

Newgen Software

Revenues

Newgen Software shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 195 crore in FY 2013 to INR 390 crore for the period ended FY 2017.

Profits

Though the company has shown steady growth in revenue, the company fails to register steady profit growth in those 5 years. Starting from INR 36 crore of profits in FY 2013, the company’s earnings were INR 50 crore in FY 2017.

CONCLUSION –
Considering company’s valuation and financial parameters, FinBlab recommends NEUTRAL ratings on Newgen Software IPO.

 

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Vishal Dalwadi

Vishal Dalwadi

Vishal is an MBA (Finance) post-graduate. He is the founder and owner of "FinBlab". His blog aims at providing information and research on Stock market and sectors including Mutual funds, IPOs, Insurance and more.

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