Newgen Software IPO progresses slowly, subscribed 5%

Newgen Software IPO progresses slowly, subscribed 5%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: The initial public offering (IPO) of Newgen Software Technologies got off to a slow start on Tuesday, as the issue was subscribed 5 per cent by 1 pm on Day 1 of the three-day bidding process.

Data available on the NSE showed the issue received bids for 6,05,242 shares against the issue

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