The simultaneous fresh offer and offer for sale from Newgen Software Technologies Limited was oversubscribed. The company had tapped the capital market with its offer for sale of 1.34 cr shares and a fresh issue for Rs 95 crs. The issue is priced in a band of Rs 240-245 and had opened on Tuesday the 16th of January and closed on Thursday the 18th of January.

The company had 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 received decent response and saw the QIB portion subscribed 15.62 times. The HNI portion was subscribed 5.52 times while Retail portion was subscribed 5.18. The full details of the subscription are given below: –