Newgen Software Technologies Ltd.

Newgen Software Technologies has debuted at Rs 253.00 on the BSE, up by 8 points or 3.27% from its issue price of Rs 245.

The scrip is currently trading at Rs 260.15, up by 15.15 points or 6.18% from its issue price. It has touched a high and low of Rs 266.50 and Rs 250.25 respectively. So far 14,64,000 shares were traded on the counter.

The offering was subscribed 8.25 times. The issue price was fixed at Rs 245 per share i.e. at upper end of price band of Rs 240-245 apiece.

Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.