Newgen Software IPO was subscribed more than eight times during its share sale from 16-18 January, with a price band of Rs240-245 per share. Mumbai: Newgen Software Technologies made a firm stock market debut on Monday. Analysts were divided about the valuations of Newgen Software Technologies ahead of its share sale. The software products company had raised around Rs127.39 crore by selling shares to institutional investors as part of its anchor book allocation. Newgen Software Technologies is a New Delhi-based software company and a global provider of BPM, ECM, customer communication management (CCM), document management system (DMS), workflow and process automation.

Source: Mint January 29, 2018 04:41 UTC