Newgen Software Technologies Ltd’s Rs424.6 crore IPO will open on 16 January and close on 18 January. Mumbai: Newgen Software Technologies Ltd, a software products company, on Monday said it had raised around Rs127.39 crore by selling shares to institutional investors as part of its anchor book allocation, a day before its initial public offering (IPO) opens. Shares were allocated to nine investors at Rs245 apiece, the upper end of the price band of Rs240-245 for the Newgen IPO. The Rs424.6 crore IPO will open on 16 January and close on 18 January. ICICI Securities Ltd, Jefferies India Pvt Ltd and IDFC Bank Ltd are managing the Newgen IPO.

Source: Mint January 15, 2018 16:07 UTC