Newgen Software IPO Subscription Numbers & Status, IPO Subscribed 8.25 times

Newgen Software ipo is going to hit the market on 16 January. The company looks good but there is less response in the grey market. Amber Enterprises might give a good competition in the subscription numbers for Newgen Software. We can expect a mix response from all the categories but we can assume if the QIB and NII will come up with surprises it might lit up in the gmp as well. Check Newgen Software ipo gmp by day to day.

Newgen Software IPO Subscription: (Fully Subscribed)

Day	QIB	NII	RII	EMP	Total
Day 1	0.10	0.0	0.32	N/A	0.19
Day 2	0.10	0.03	1.33	N/A	0.70
Day 3	15.62	5.52	5.18	N/A	8.25

Newgen Software IPO Dates & Price Band: (Approx)

IPO Open: 16-January-2018
IPO Close: 18-January-2018
IPO Size: Approx Rs. 425 Crore (Approx)
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. 240 to 245 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 13,453,932 Shares

Newgen Software IPO Market Lot:

Shares: Apply for 61 Shares (Minimum Lot Size)
Amount: Rs.14,945

Newgen Software IPO Allotment & Listing:

Basis of Allotment: 23-January-2018
Refunds: 24-January-2018
Credit to demat accounts: 25-January-2018
Listing: 29-January-2018

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.