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 Date | November 6, 2023 to November 8, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹752 to ₹792 per share |
| Lot Size | 18 Shares |
| Total Issue Size | 6,191,000 shares (aggregating up to ₹490.33 Cr) |
| Offer for Sale | 6,191,000 shares of ₹10 (aggregating up to ₹490.33 Cr) |
| Employee Discount | Rs 75 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 40,446,732 |
| Share holding post issue | 40,446,732 |
Protean eGov Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not 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 Date | Monday, November 6, 2023 |
| IPO Close Date | Wednesday, November 8, 2023 |
| Basis of Allotment | Monday, November 13, 2023 |
| Initiation of Refunds | Wednesday, November 15, 2023 |
| Credit of Shares to Demat | Thursday, November 16, 2023 |
| Listing Date | Friday, November 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2023 |
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 Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,133.86 | 1,104.10 | 988.14 | 862.39 |
| Revenue | 233.17 | 783.87 | 770.18 | 652.03 |
| Profit After Tax | 32.21 | 107.04 | 143.94 | 92.19 |
| Net Worth | 888.10 | 856.94 | 788.00 | 667.46 |
| Reserves and Surplus | 847.48 | 816.33 | 747.43 | 627.14 |
| 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.
| KPI | Values |
|---|---|
| P/E (x) | 29.91 |
| Post P/E (x) | 24.86 |
| Market Cap (₹ Cr.) | 3203.38 |
| ROE | 12.49% |
| ROCE | 16.13% |
| EPS (Rs) | 26.48 |
| RoNW | 12.49% |
Protean eGov Technologies Limited
Times Tower, 1st Floor,
Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Phone: +91 22 4090 4242
Email: cs@proteantech.in
Website: https://www.proteantech.in/
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