The IT e-Governance Infrastructure company Protean eGov Technologies IPO will be hit the market 06 November 2023 and closes on 08 November 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹490.33 crore through IPO. The company will issue shares through offer for sale of ₹490.33 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Protean eGov Technologies engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company previously known as NSDL e-Governance Infrastructure Limited. The company collaborate with the government and have extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.
The company originally setup as a depository in 1995 and created a systemically important national infrastructure for capital market development in India. The company has been the chief architect and implementer for some of the most critical and largescale technology infrastructure projects in India. You can check Protean eGov Technologies IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company believe our solutions have led to identification of bottlenecks in government services, increased transparency and efficiency, redefined delivery of public services and led to a reduction in service delivery costs. The company is among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2020. You can check Protean eGov Technologies IPO subscription status here.
Object 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.
Company Strengths :
- Pioneer and market leader in universal, citizen centric and population scale e-governance solutions
- Secure, scalable and advanced technology infrastructure
- Large physical infrastructure with pan-India network and scale resulting in inclusion
- Diversified, granular and annuity based service offerings
- Track record of healthy financial performance
- Experienced senior management team backed by strong corporate governance standards and supported by marquee investors
Protean eGov Technologies IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹107.04 Cr ₹792 EQ 26.50 29.89x 12.49 % 12.49 % 19.13 % – ₹212.00 ₹1,133.86 Cr ₹3203.38 Cr – % – % |
| Team Review : | ✔ Apply For Long Term |
Protean eGov Technologies IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 06 November 2023 |
| IPO Close : | 08 November 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹752 – ₹792 Per Share |
| Listing On : | BSE |
| Issue Size : | ₹490.33 Cr {6,191,000 Shares} |
| Offer For Sale : | ₹490.33 Cr {6,191,000 Shares} |
| EMP Discount : | ₹75 Per Share |
Protean eGov Technologies IPO Market Lot :
Protean eGov Technologies IPO Minimum Market lot is 1 Lot with 18 shares with ₹14,256 Application amount. The retail investors can apply up to 14 lots with 252 Shares or ₹199,584 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 18 | ₹14,256 |
| Retail Maximum : | 14 | 252 | ₹199,584 |
| S-HNI Minimum : | 15 | 270 | ₹213,840 |
| S-HNI Maximum : | 70 | 1260 | ₹997,920 |
| B- HNI Minimum : | 71 | 1278 | ₹1,012,176 |
Protean eGov Technologies IPO Reservation :
Protean eGov Technologies IPO Total Reservation of 6,191,000 shares are to be bid for the public issue by Protean eGov Technologies IPO with 3,020,500 for QIB and 906,150 for NII 2,114,350 For RII & 150,000 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 3,020,500 | ₹239.22 Cr |
| NII : | 15% | 906,150 | ₹71.77 Cr |
| RII : | 35% | 2,114,350 | ₹167.46 Cr |
| EMP : | – | 150,000 | ₹11.88 Cr |
| Total : | 100% | 6,191,000 | ₹490.33 Cr |
Protean eGov Technologies IPO EPS & RoNW :
The Protean eGov Technologies company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹26.50 | 12.49% | ₹212.00 |
| 2022 | ₹35.78 | 18.27% | ₹195.13 |
| 2021 | ₹23.02 | 13.81% | ₹166.29 |
Protean eGov Technologies IPO Peer Comparison PE :
The Protean eGov Technologies, According to RHP there are no listed companies in India.
| Sr. No. | Company | PE Ratio |
| 1. | There are no listed companies in India. | – |
Protean eGov Technologies IPO Dates :
Protean eGov Technologies IPO Date is 06 November 2023 and closes on 08 November 2023. The allotment will be finalized on 13 November 2023 and the IPO may list on 17 November 2023.
| Anchor Date : | 05 November 2023 |
| Open Date : | 06 November 2023 |
| Close Date : | 08 November 2023 |
| Allotment Date : | 13 November 2023 |
| Refund Date : | 15 November 2023 |
| Share Credit Date : | 16 November 2023 |
| Listing Date : | 17 November 2023 |
Protean eGov Technologies IPO Form :
There are two ways to apply in Protean eGov Technologies IPO. You can apply for Protean eGov Technologies IPO through ASBA available in your bank account. You have to go to your online bank login and select Protean eGov Technologies IPO in the Invest section and apply through your bank account. Another option is you can apply for Protean eGov Technologies IPO through IPO form download through BSE. See the Protean eGov Technologies IPO Form – Download the BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Protean eGov Technologies Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹783.87 | ₹643.45 | ₹107.04 |
| 2022 | ₹770.18 | ₹584.55 | ₹143.94 |
| 2021 | ₹652.03 | ₹536.02 | ₹92.19 |
Company Promoters :
■ Suresh Kumar Sethi
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Protean eGov Technologies IPO Lead Managers :
■ ICICI Securities Limited
■ Equirus Capital Private Limited
■ IIFL Securities Limited
■ Nomura Financial Advisory and Securities (India) Private Limited
Protean eGov Technologies IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg
Vikhroli (West) Mumbai 400 083
Maharashtra, India
Tel: +91 22 49 18 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Investor grievance Id: [email protected]
Note: Check Protean eGov Technologies IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Protean eGov Technologies Limited
Times Tower, 1st Floor, Kamala Mills Compound
Senapati Bapat Marg, Lower Parel
Mumbai 400 013, Maharashtra
Telephone: +91 22 4090 4242
E-mail: [email protected]
Website: egov-nsdl.co.in
Protean eGov Technologies IPO FAQs :
What is Protean eGov Technologies IPO?
Protean eGov Technologies IPO is Mainboard IPO. They are going to raise ₹490.33 Crores via IPO. The issue is priced at ₹752-₹792 per equity share. The IPO is to be listed on BSE.
When Protean eGov Technologies IPO will open?
The IPO is to open on 06 Nov – 08 Nov for QIB, NII & RII.
What is Protean eGov Technologies IPO Size?
Protean eGov Technologies IPO size is ₹490.33 Crores.
What is the Offer For Sale size of Protean eGov Technologies IPO?
The Offer For Sale size of Protean eGov Technologies IPO ₹490.33 Cr.
What is Protean eGov Technologies IPO Price Band?
Protean eGov Technologies IPO Price Band is ₹752-₹792 Per share.
What is Protean eGov Technologies IPO Minimum and Maximum Lot Size?
The minimum 18 Shares with ₹14,256 amount while the maximum 252 shares with ₹199,584.
What is Protean eGov Technologies IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Protean eGov Technologies IPO Allotment Date?
Protean eGov Technologies IPO allotment date is 13 November 2023.
What is Protean eGov Technologies IPO Listing Date?
Protean eGov Technologies IPO listing date is 17 November 2023. The IPO to list on BSE.
How to Apply the Protean eGov Technologies IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Protean eGov Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Protean eGov Technologies IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Protean eGov Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Protean eGov Technologies IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Protean eGov Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Protean eGov Technologies IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Protean eGov Technologies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Protean eGov Technologies IPO GMP: Click Here Protean eGov Technologies IPO Subscription: Click Here Protean eGov Technologies IPO Allotment: Click Here Protean eGov Technologies IPO Listing: Click Here Protean eGov Technologies IPO Web Story: Click Here |
All Protean eGov Technologies IPO-related links are available here. If you want to know the details then click on Click Here Link.
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