Newgen Software recorded consolidated revenues of Rs433.76 crore for 2016-17 and an operating profit of Rs52.36 crore. New Delhi: Indian IT firm Newgen Software Technologies is planning to raise around Rs450 crore through initial public offer (IPO), which it expects to launch this month. Around Rs95-100 crore of the total fund will be used for setting up a new office in Noida,” Newgen Software MD Diwakar Nigam told PTI. Newgen Software recorded consolidated revenues of Rs433.76 crore for 2016-17 and an operating profit of Rs52.36 crore. Ascent Capital, IDG Ventures, Vistra ITCL and SAP Ventures are investors in Newgen Software.

Source: Mint January 07, 2018 10:41 UTC