IPO of Newgen Software Technologies Limited opens on January 18, 2018

Chennai: Newgen Software Technologies Limited (“Company”), a software products company will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on Tuesday, January 16, 2018 and close on Thursday, January 18, 2018, with a price band of Rs. 240 to Rs. 245 per equity share of face value of Rs. 10/- each of the Company (the “Equity Shares”). The Anchor Investor Bidding Date shall be Monday, January 15, 2018, being one working day prior to the Bid/ Offer Opening Date.

In terms of Rule 19(2) (b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”) the Offer is being made through the Book Building Process, in compliance with Regulation 26(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be allocated to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that the Company may, in consultation with the GCBRLMs and the BRLM, allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the QIB Category shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors (“Non-Institutional Category”) and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All Investors (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”). Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, see “Offer Procedure” on page 367 of the Red Herring Prospectus dated January 5, 2018 (“RHP”) filed by the Company.

ICICI Securities Limited and Jefferies India Private Limited are the Global Co-ordinators and Book Running Lead Managers to the Offer. IDFC Bank Limited is the Book Running Lead Managers to the Offer. The Registrar to the Offer is Karvy Computershare Private Limited.

The Equity Shares of Newgen Software Technologies Limited is proposed to be listed on National Stock Exchange of India and BSE Limited.