Protean eGov Technologies Limited IPO (Protean eGov Technologies IPO) Detail

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The book-built IPO of Protean eGov Technologies Limited IPO is valued at Rs 490.33 crores. The entire purpose of the issuance is to sell 0.62 crore shares.

The subscription period for the Protean eGov Technologies IPO begins on November 6, 2023, and ends on November 8, 2023. On Monday, November 13, 2023, the allocation for the Protean eGov Technologies IPO is anticipated to be completed. Protean eGov Technologies’ first public offering (IPO) is scheduled to debut on the BSE on Friday, November 17, 2023.

The IPO pricing range for Protean eGov Technologies is ₹752 to ₹792 per share. An application must have a minimum lot size of 18 shares. Retail investors are required to invest a minimum of ₹14,256. For sNII, an investment must be made in a minimum of 15 lots (270 shares).

Up to 150,000 shares are reserved for workers in the issuance, at a discount of Rs 75 from the issue price.

The book running lead managers of the Protean eGov Technologies IPO are ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd, and Nomura Financial Advisory And Securities (India) Pvt Ltd. The issue’s registrar is Link Intime India Private Ltd.

For further information, see the Protean eGov Technologies IPO RHP.

Protean eGov Technologies IPO Details

IPO DateNovember 6, 2023 to November 8, 2023
Listing Date[.]
Face Value₹10 per share
Price Band₹752 to ₹792 per share
Lot Size18 Shares
Total Issue Size6,191,000 shares
(aggregating up to ₹490.33 Cr)
Offer for Sale6,191,000 shares of ₹10
(aggregating up to ₹490.33 Cr)
Employee DiscountRs 75 per share
Issue TypeBook Built Issue IPO
Listing AtBSE
Share holding pre issue40,446,732
Share holding post issue40,446,732

Protean eGov Technologies IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Protean eGov Technologies IPO Timeline (Tentative Schedule)

Protean eGov Technologies IPO opens on November 6, 2023, and closes on November 8, 2023.

IPO Open DateMonday, November 6, 2023
IPO Close DateWednesday, November 8, 2023
Basis of AllotmentMonday, November 13, 2023
Initiation of RefundsWednesday, November 15, 2023
Credit of Shares to DematThursday, November 16, 2023
Listing DateFriday, November 17, 2023
Cut-off time for UPI mandate confirmation5 PM on November 8, 2023
About Protean eGov Technologies :

Protean eGov Technologies Limited was formerly known as NSDL e-Governance Infrastructure Limited when it was incorporated in December 1995. For more than 20 years, the organisation has been creating population-scale and citizen-centric e-governance systems.

An important part of building the national infrastructure required for India’s capital market growth has been played by Protean eGov Technologies. The firm is responsible for developing and implementing some of India’s most important technology infrastructure.

The business has handled and executed 19 projects across multiple ministries since December 2022.

The organisation has reached several milestones as a result of its crucial role in creating digital infrastructure solutions. Crucial among them are modernising the infrastructure of direct taxes by implementing initiatives like PAN issuing.

Finnancial Details :

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax32.21107.04143.9492.19
Net Worth888.10856.94788.00667.46
Reserves and Surplus847.48816.33747.43627.14
Total Borrowing
Amount in ₹ Crore

Key Performance Indicator

Protean eGov Technologies IPO Market Cap is Rs 3203.38 Cr and P/E (x) is 29.91.

P/E (x)29.91
Post P/E (x)24.86
Market Cap (₹ Cr.)3203.38
EPS (Rs)26.48
Address of the Company:

Protean eGov Technologies Limited
Times Tower, 1st Floor,
Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Phone: +91 22 4090 4242

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