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: –

Amber Enterprises India Limited which is tapping the capital markets with its simultaneous offer, completed allocation to anchor investors. The company allotted 20,80,459 equity shares to 15 anchor investors comprising of 20 entities. The highest allocation was made to Abu Dhabi Investment Authority of 1,96,911 equity shares or 9.46% of the anchor allocation.

The issue comprises of a fresh offer for Rs 475 crs and an offer for sale of Rs 125 crs in a price band of Rs 855 to 859. The issue has opened on Wednesday the 17th of January and closes on Friday the 19th of January.

The full list of anchor allotment is given below: –

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: –