Newgen Software IPO subscribes 8 times
Mumbai: Newgen Software IPO subscribes over 8 times by Final Day at 6 pm. The issue opened on Tuesday, January 16, 2018 and closed on Jan 18. Price Band is INR 240 to INR 245 and the issue size is 61 lakh equity Shares.
At 6 pm on Day 3 (Final Day) the IPO was subscribed 8.16 times. QIB 15.62 times, High Networth Individual (HNI) category 5.52 times and Retail 5.00 times.
Proceeds from the fresh issue will be utilised towards purchase and furnishing of office premises near Noida-Greater Noida Expressway in Uttar Pradesh and for other general corporate purposes.
News Posted: 18 January, 2018