Newgen Software Technologies, which got listed on the bourses today, settled at a premium of 3.02% over its issue price.  At the NSE, stock closed at Rs 252.40 a share as against issue price of Rs 245 a share.

Shares witnessed a high of Rs 266.70 and a low of Rs 246.25 after opening at Rs 254.10 that is 3.71% premium over its issue price.

The company deals in business process management software for banks, business process outsourcing firms, government organisations and sell products across 60 countries. The company mainly offers products in ECM and BPM space. It sells its products through direct sales and through its 300 strong channel partners globally.