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Issue Open Date
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16-Jan-18
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Issue Closing Date
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18-Jan-18
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Application Money
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100
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Allotment Money
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Price Band
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240
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245
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Minimium Application No.
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61
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Issue Size (Shares)
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12212821
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Market Lot
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1
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Objective
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Fresh IssueThe objects for which the Net Proceeds (as defined below) of the Fresh Issue will be utilized are as set forth below.1. Purchase and furnishing of office premises near Noida-Greater Noida Expressway, Uttar Pradesh; and2. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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2611840
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14412958
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5.51831582332762
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Qualified Institutional Buyers
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3506688
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54767203
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15.6179286551869
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Retail Individual Investors
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6094293
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31597634
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5.18479075423515
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Business Description
OverviewWe are a software products company offering a platform that enables organisations to rapidly develop powerfulapplications addressing their strategic business needs. The applications created on our platform enableorganisations to drive digital transformation and competitive differentiation. This may include automation ofroutine business functions making them faster, easier and more accurate and increasing the channels or devicesthrough which these functions can be performed.Our customers use our platform to rapidly design, build and implement enterprise-grade custom applicationsthrough our intuitive, visual interface with minimal coding. Our platform comprises of:1.Enterprise Content Management (ECM): Our OmniDocs Enterprise Content Management Softwareallows digitisation of enterprise content and information. Our platform provides smart tools forenterprises to capture and extract information from various sources, classify, store, archive or retrieve aswell as dispose of any content and documents required in day-to-day business operations. It provides theflexibility to access or deliver content over mobile and cloud creating a highly connected and digitalworkplace. It offers a robust US DoD 5015.02-STD certified Records Management System to ensurecompliance with regulatory requirements in relation to management of records.2.Business Process Management (BPM): Our OmniFlow Intelligent Business Process Suite (OmniFlowiBPS) is an integrated system which allows enterprises to manage a complete range of businessprocesses, including designing and modelling flow of work, executing the flow of work through theworkflow engine and monitoring the flow of work for future improvement. OmniFlow iBPS also offersdynamic case management capabilities which allow decision-makers to respond to real timeopportunities, challenges and other unanticipated situations while maintaining a high level ofcollaboration.3.Customer Communication Management (CCM): Our OmniOMS Customer CommunicationManagement suite offers a unified communication platform that allows enterprises to improvecommunication with their customers by delivering a personalised, targeted and consistentcommunication through various channels.Being built on the same technology architecture, these suites are well-integrated and offer our customers ease ofimplementation and use. These suites can be deployed on-premise as well as on cloud. Increasingly, our customersare choosing to use our product suites on cloud on a subscription basis.Our business has multiple revenue streams including from:1.Sale of software products: one-time upfront license fees in relation to the platform deployed on-premise2.Annuity based revenue: recurring fees/charges from the following:a.SaaS: subscription fees for licenses in relation to platform deployed on cloudb.ATS/AMC: charges for annual technical support and maintenance (including updates) of licences, and installationc.Support: charges for support and development services3.Sale of services: milestone-based charges for implementation and development, and charges for scanningservicesOur go-to-market strategy consists of direct sales supplemented by sales through our channel partners. Our directsales are made by our Company in India and our Subsidiaries located in USA, UK, Singapore and Canada, throughour sales and marketing teams, which, as of September 30, 2017 comprised 272 employees. As of September 30,2017, we had more than 300 channel partners globally. We sell our software through licenses and subscriptionsand intend to grow our revenue both by adding new customers and by increasing the number of users at existingcustomer organisations. As of September 30, 2017, we had over 450 active customers (invoiced in the last 12months) in over 60 countries. Some of our key active customers include Trust Company of America, MercantilBank, ICICI Bank, Trafigura, Bajaj Electricals, United Arab Bank, National Commercial Bank Jamaica, AxisBank, Yes Bank, Kotak Mahindra Bank, Bank Islam Brunei Darussalam, Philippines Resource Saving Bank,ICICI Prudential Life Insurance, Reliance General Insurance, Max Life Insurance, Strides Shasun and ShriramTransport Finance. Our enterprise-wide, mission-critical solutions have been used by some of the leading globalbusinesses in various sectors including banking, government/PSUs, BPO/IT, insurance and healthcare.Our platform enables organisations to drive digital transformation and competitive differentiation. According tothe Ovum Report, key indicators of digitalisation reveal that the rapid pace of adoption of digital and enablingtechnologies is increasing across enterprises and end-users globally. Further, almost 30% of enterprises plan tomake strategic investments in ECM in the next 18 months, with a further 40% planning minor investments. Over25% of enterprises are planning strategic investment in BPM suites over the next 18-month period.According to the Ovum Report, our core addressable market (i.e. global ECM, BPM and CCM markets) wereestimated at USD 14,935 million, USD 6,100 million and USD 1,460 million, respectively in 2017. We haveexpanded our addressable market by developing solution frameworks in our key verticals including banking,government/PSU, BPO/IT and healthcare. The Ovum Report estimates aPaaS to account for a major share of PaaSspending. The global PaaS market is estimated at USD17.61 billion in 2017 and forecasted at USD 46.66 billionin 2021. The Indian PaaS market is expected to grow from USD 379 million in 2017 to USD 1.46 billion by theend of 2021.
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Promoter's Holding
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Total Share Capital
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45928938
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Offered to Public
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17331483
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Promoter's Holding (Pre-Issue)
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70.27
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Promoter's Holding (Post-Issue)
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66.34
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Address |
E-44/13
Okhla Phase I I
New Delhi,
Delhi,
110020
Phone :
Email : info@newgensoft.com
Website : www.newgensoft.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
ICICI Securities Ltd
IDFC Bank Ltd.
Jefferies India Pvt Ltd.
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Promoters |
Diwakar Nigam
T S Varadarajan
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