Protean eGov Technologies Limited
- IPO Date06 Nov, 2023 to 08 Nov, 2023
- Listing Date17 Nov, 2023
- Face Value₹10 per share
- Issue Price₹752 to ₹792 per share
- Lot Size18 Shares
- Minimum Investment₹14,256
- Listing AtBSE
- Total Issue Size61,91,000 Shares
(aggregating up to ₹490.33 Cr) - Fresh Issue-
- Offer for Sale61,91,000 Shares
(aggregating up to ₹490.33 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue4,04,46,732
- Shareholding post issue4,04,46,732
IPO Dates
Closing Date
08 Nov, 2023
Initiation of Refunds
16 Nov, 2023
Listing Date
17 Nov, 2023
06 Nov, 2023
Opening Date
13 Nov, 2023
Basis of Allotment
16 Nov, 2023
Credit of Shares
Protean eGov Technologies Limited Lot Size
Investors can bid for a minimum of 18 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,256 |
| B-HNI (Min) | 71 | 1278 | ₹10,12,176 |
| S-HNI (Min) | 15 | 270 | ₹2,13,840 |
| Retail (Max) | 14 | 252 | ₹1,99,584 |
| S-HNI (Max) | 70 | 1260 | ₹9,97,920 |
Key Performance Indicator
Protean eGov Technologies IPO Market Cap is Rs 3203.38 Cr and P/E (x) is 29.91.
| KPI | Values |
|---|---|
| ROE | 12.49% |
| ROCE | 16.13% |
| RoNW | 12.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 29.91 | 26.48 |
| P/E (x) | 29.91 | 26.48 |
Protean eGov Technologies Limited COMPANY INFORMATION
Protean eGov Technologies IPO is a book built issue of Rs 490.33 crores. The issue is entirely an offer for sale of 0.62 crore shares. Protean eGov Technologies IPO opens for subscription on November 6, 2023 and closes on November 8, 2023. The allotment for the Protean eGov Technologies IPO is expected to be finalized on Monday, November 13, 2023. Protean eGov Technologies IPO will list on BSE with tentative listing date fixed as Friday, November 17, 2023. Protean eGov Technologies IPO price band is set at ₹752 to ₹792 per share. The minimum lot size for an application is 18 Shares. The minimum amount of investment required by retail investors is ₹14,256. The minimum lot size investment for sNII is 15 lots (270 shares), amounting to ₹213,840, and for bNII, it is 71 lots (1,278 shares), amounting to ₹1,012,176. The issue includes a reservation of up to 150,000 shares for employees offered at a discount of Rs 75 to the issue price. ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Protean eGov Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Protean eGov Technologies IPO RHP for detailed information.
Incorporated in December 1995, Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Limited. The company is engaged in the business of developing citizen-centric and population-scale e-governance solutions for more than 2 decades.
Protean eGov Technologies has played a vital role in developing national infrastructure for capital market development in India. The company has developed & implemented some of the most crucial technological infrastructure in India.
Since December 2022, the company has implemented and managed 19 projects spread across several ministries.
The company's vital role in developing digital infrastructural solutions has led to the achievement of multiple milestones. Key amongst them are
- Mordernizing direct tax infrastructure through the introduction of projects like PAN issuance.
- The company has enabled the universal social security system for all Indians, in particular for workers in the unorganized sector, by creating technology infrastructure as a CRA for the Atal Pension Yojana.
- The company has also been instrumental in improving accessibility to education and skill financing through the development of efficient digital marketplaces. This has led to the discovery of financial resources through platforms such as Vidya Lakshmi and Vidyasaarathi.
- The company has contributed to and supported open digital building blocks such as Open Network for Digital Commerce (ONDC) for use-cases across sectors like e-commerce, mobility, healthcare, agriculture, and education. It is worth mentioning that Protean eGov Technologies Limited is one of the key and early contributors to the open-source community and protocols that power ONDC.
FAQs About Protean Egov Technologies Limited
Protean eGov Technologies Limited will open on 06 Nov, 2023 and close on 08 Nov, 2023. Investors must apply within this period to participate.
The Protean eGov Technologies Limited price band is set between ₹752.00 and ₹792.00 per share. The minimum lot size is 18, requiring an investment of at least ₹14256.00.
The Protean eGov Technologies Limited shares are expected to be listed on 17 Nov, 2023, subject to regulatory approvals and final allotment.
You can track your Protean eGov Technologies Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Protean eGov Technologies Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.