Protean eGov Technologies Limited IPO Detail
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.
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.
Company Promoters
IPO Details
IPO Opening Date | Nov 06, 2023 |
IPO Closing Date | Nov 08, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹752 - 792 per equity share |
Market Lot | 18 Shares |
Min Order Quantity | 18 Shares |
Listing At | BSE, NSE |
Issue Size | ₹490.33 Cr |
Fresh Issue | - |
Offer for Sale | ₹490.33 Cr |
Employee Discount | ₹Rs 75 per share |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0.01x | - | - | 1.65x | 1.51x | 1.08x |
Day 2 | 0.07x | - | - | 6.23x | 3.90x | 3.22x |
Day 3 | 46.94x | - | - | 31.62x | 8.93x | 23.86x |
IPO Tentative Timetable
The Protean eGov Technologies Limited IPO open date is Nov 06, 2023, and the close date is Nov 08, 2023. The issue may list on Nov 17, 2023.
IPO Open Date | Nov 06, 2023 |
IPO Close Date | Nov 08, 2023 |
Basis of Allotment Date | Nov 13, 2023 |
Initiation of Refunds | Nov 15, 2023 |
Credit of Shares to Demat Account | Nov 16, 2023 |
IPO Listing Date | Nov 17, 2023 |
IPO Lot Size
The Protean eGov Technologies Limited IPO market lot size is 18 shares. A retail-individual investor can apply for up to 14 lots (252 shares or ₹199584).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 18 | ₹14256 |
Maximum | 14 | 252 | ₹199584 |
Company Financials:
For the year/period ended (₹ in Cr.)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-20 | 939.88 | 754.64 | 121.85 |
31-Mar-21 | 121.85 | 652.03 | 92.19 |
31-Mar-22 | 988.14 | 770.18 | 143.94 |
Objects of the Issue:
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.Protean eGov Technologies Limited IPO Registrar:
Link Intime India Private Ltd
Protean eGov Technologies Limited IPO Lead Manager(s):
ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Company Contact Information:
Protean eGov Technologies Limited
Times Tower, 1st Floor,
Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,