Newgen Software Technologies Limited which is tapping the capital markets with its simultaneous offer completed allocation to anchor investors. The company allotted 51,99,444 equity shares to nine anchor investors comprising of 12 entities. The highest allocation was done to Goldman Sachs and HDFC asset management company. They were allotted 10,20,469 shares each which corresponds to 19.63% of the anchor allocation to each.

The issue comprises of an offer for sale 1.34 cr shares and a fresh issue for Rs 95 crs. The issue is priced in a band of Rs 240-245 and has opened on Tuesday the 16th of January and would close on Thursday the 18th of January.

The PE multiple at which the shares are being offered is 22.79-23.27 times. The company is a product company in the ECM, BPM and CCM space. In layman’s language it is about documents and digitisation and is a growing business.

Full details of the anchor allotment are given below: –