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Newgen Software IPO nears two-thirds mark on second day

Retrieved on: 2018-01-16 21:18:45

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<div>The investors include Ascent Capital, <b>IDG Ventures</b> and SAP Ventures. The total IPO size is about Rs 425 crore ($66.66 million) and will result in 25.03% stake dilution on a post-issue basis. The company had filed its draft prospectus with the Securities and Exchange Board of India on 27 September.</div>

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