Protean eGov Technologies Limited

Protean eGov Technologies Limited

Mainboard

₹14,256 / 18 Shares

Offer Date:Nov 6, 2023 - Nov 8, 2023
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IPO Details

Protean eGov Technologies Limited IPO is priced between ₹752-792 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and Link Intime India Private Ltd is managing the issue as the registrar.

The IPO bidding period opened on 6 Nov, 2023, and closed on 8 Nov, 2023. The allotment results will be announced on 10 Nov, 2023, with a tentative listing date set for 13 Nov, 2023.

The total issue comprises Offer for Sale : 6,191,000 shares, amounting to ₹490 Cr Approx.

Protean eGov Technologies Limited IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Nov 6, 2023 - Nov 8, 202313 Nov, 2023₹10 Per Equity Share₹752-792 per equity share18 Shares Shares -BSE

Protean eGov Technologies Limited IPO Timeline

IPO Open Date
6 Nov, 2023
IPO Close Date
8 Nov, 2023
Basis of Allotment
10 Nov, 2023
Listing Date
13 Nov, 2023

Issue Price

₹752-792 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE

Registrar

Link Intime India Private Ltd

Market Lot

Retail: 18 Shares (₹14,256/-)
S-HNI: 270 Shares (₹2,13,840/-)
B-HNI: 1,278 Shares (₹10,12,176/-)

Lead Manager

ICICI Securities LimitedEquirus Capital Private LimitedIifl Securities LtdNomura Financial Advisory And Securities (India) Pvt Ltd

Issue Size

Offer for Sale : 6,191,000 shares(aggregating up to ₹490 Cr Approx)

Retail Portion

35% (Number of Retail Applications: 1,17,464 Approx),(Number of S-HNI Applications : 1,119 Approx),(Number of B-HNI Applications : 2,237 Approx)

Subscription

23.86 times

Protean eGov Technologies Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 231104.10783.87107.04---
31 Mar 22988.14770.18143.94---
31 Mar 21862.38652.0392.19---
31 Mar 20939.88754.64121.85---

All values are in ₹ Cr.

About Company

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.

Company 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
Mordernising 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.

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Protean eGov Technologies Limited IPO Subscription Details

As onQIB/NIIRetailTotal
Total No. of Applications:8,90,301 (Approx)
Retail Subscription:

7.58 times

Protean eGov Technologies Limited IPO - Issue Objectives

  1. The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Company Contact Details

Protean eGov Technologies Limited

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Registrar Contact Details

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