Subscription data pending
Newgen software Technologies limited IPO Subscription Status
Live subscription figures for Newgen software Technologies limited IPO are not available yet. This page will automatically show total, QIB, NII and retail demand when the latest bidding data becomes available from BSE and NSE.
- Open date
- Jan 16, 2017
- Close date
- Jan 18, 2017
- Price band
- ₹240–₹245
- Minimum application
- ₹14,945 for 61 shares
- Issue type
- Mainboard
- Subscription source
- BSE and NSE
How to read Newgen software Technologies limited IPO subscription status
IPO subscription is reported as the number of times investors apply for the shares available in each reserved category. A value of 1x means the category has received bids equal to the shares offered, while a value above 1x indicates oversubscription.
Subscription figures can change quickly during the bidding window, particularly on the final day. They indicate demand, but do not guarantee allotment, listing gains or future performance.
Newgen software Technologies limited IPO subscription FAQs
The Newgen software Technologies limited IPO allotment was finalised on Jan 24, 2017. You can check your allotment status by PAN or application number on the registrar's website or on IPO Ji.
Newgen software Technologies limited IPO has a price band of ₹240–₹245 per share, with a minimum retail application of ₹14,945 for 61 shares.
It means investors have applied for X times the number of shares the company is offering. For example, 5x means demand was five times the shares available. A figure above 1x is called oversubscription; below 1x is undersubscription.
No. The higher an issue is oversubscribed, the lower each applicant’s chance of allotment. In oversubscribed retail categories, shares are allotted by a computerised lottery, so every valid applicant has an equal chance regardless of how many lots they applied for.
QIB (Qualified Institutional Buyers) are large institutions like banks, mutual funds and insurers. NII (Non-Institutional Investors) are high-net-worth individuals and bodies applying above ₹2 lakh. Retail individual investors apply up to ₹2 lakh. Each category has a reserved portion of the issue.
IPO Ji updates subscription figures through the bidding day using data sourced from BSE and NSE. The "Last updated" time shown on the page reflects the most recent refresh.