Newgen Software Technologies plans to come up with IPO in capital markets
DSIJ Intelligence / 21 Jul 2017
Newgen Software Technologies is planning an anticipated issue size of around Rs 500 crore when it comes up with a public offer.
Newgen Software Technologies is planning an anticipated issue size of around Rs 500 crore when it comes up with a public offer. The Delhi-based company is likely to file its draft red herring prospectus (DRHP) over the next few weeks.
As reported by leading news agency, the company has appointed ICICI Securities and Jefferies as its lead book managers for the expected initial public offering (IPO).
The company provides business enterprise content management, process management, customer communication management and case management solutions. The company is coming to the capital markets at times when the benchmark indices, Sensex and Nifty have been trading at their record levels and lots of positive sentiments have been floating in the market.
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