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Posted on  November 2, 2023 under  by Meghna Mundhra

Protean eGov Technologies IPO Details - Complete Overview of Protean eGov Technologies Limited IPO

Protean eGov Technologies IPO Price: ₹752 - ₹792
IPO Date Range:
Nov 6, 2023 - Nov 8, 2023

Protean eGov Technologies IPO

Foundation & Business Essence:

Protean eGov Technologies Limited, formerly known as NSDL e-Governance Infrastructure Limited, has been providing innovative and comprehensive e-governance solutions to citizens for over two decades. The company's goal is to transform the way citizens interact with the government by providing state-of-the-art solutions. Their solutions cater to the needs of citizens on a large scale and have been successful in doing so.

Network and Presence:

Protean eGov Technologies has been instrumental in the development of India's national infrastructure for capital market growth. The company has successfully developed and implemented some of the most crucial technological infrastructure in India. Starting from December 2022, the company has taken on the implementation and management of 19 projects that are spread across multiple ministries.

Strengths:

The company has achieved several important goals in advancing digital infrastructure solutions. These include:

  1. Upgrading the direct tax system by introducing projects like PAN issuance.
  2. Creating a technology platform to provide universal social security for all Indians, especially unorganized sector workers, through the Atal Pension Yojana.
  3. Enhancing access to education and skill financing through efficient digital marketplaces like Vidya Lakshmi and Vidyasaarathi.
  4. Supporting open digital building blocks such as the Open Network for Digital Commerce (ONDC) for various sectors like e-commerce, mobility, healthcare, agriculture, and education. The company is also an early and significant contributor to the open-source community and protocols that power ONDC.

Bidding Starts In

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Protean eGov Technologies IPO Specifics:

IPO DateNovember 6, 2023 to November 8, 2023
Listing DateFriday, November 17, 2023
Face Value₹10 per share
Price Band₹752 to ₹792 per share
Lot Size18 shares
Total Issue Size6,191,000 shares of ₹10
(aggregating up to ₹490.33 Cr)
Offer For Sale6,191,000 shares of ₹10
(aggregating up to ₹490.33 Cr)
Employee Discount₹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 Lot Size

The minimum lot size to apply in this Protean eGov Technologies Limited IPO consists of 18 shares, requiring an investment of ₹14,256.

ApplicationLotsSharesAmount
Retail (Min)118₹ 14,256
Retail (Max)14252₹ 1,99,584
S-HNI (Min)15270₹ 2,13,840
S-HNI (Max)701,260₹ 9,97,920
B-HNI (Min)7116,750₹ 10,12,176

Protean eGov Technologies IPO Reservation

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 Timetable (Important Dates)

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

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Protean eGov Technologies Limited IPO Financial Information

Protean eGov Technologies Limited witnessed a modest 1.78% uptick in revenue, while their profit after tax (PAT) experienced a decline of -25.63% comparing the financial years ending on March 31, 2023, and March 31, 2022.

Period Ended31 Mar 202131 Mar 202231 Mar 202330 June 2023
Assets862.39988.141104.101133.86
Revenue652.03770.18783.87233.17
Profit After Tax92.19143.94107.0432.21
Net Worth667.46788.00856.94888.10
Reserves & Surplus627.14747.33816.33847.48
Amount in ₹ Crore

Key Performance Indicator - Protean eGov Technologies IPO

KPIValues
P/E (x)29.91
ROE12.49%
ROCE16.13%
EPS (Rs)26.48
RoNW12.49%

Objects of the Issue:

The company will not be entitled to any proceeds from the Offer; instead, all the Offer Proceeds will be received by the Selling Shareholders, distributed in accordance with the number of Offered Shares sold by each respective Selling Shareholder as part of the Offer.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. Protean eGov Technologies IPO DRHP and Protean eGov Technologies IPO RHP.

Frequently Asked Questions

What is an IPO?

An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "Protean eGov Technologies Limited" IPO?

The price range for the"Protean eGov Technologies Limited" IPO is ₹ 752 to ₹792 per share.

When will the "Protean eGov Technologies Limited" IPO be listed on the stock exchange?

The "Protean eGov Technologies Limited" IPO is expected to be listed on Friday, November 17, 2023.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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CIN No U74110MH2005PLC157942     |    Member Ship Details     |    BSE-3281     |    NSE-12817     |    MCX-55910     |    DP:IN-DP-CDSL-490-2008     |    DPID:12059100    |    SEBI Regn. No.: INZ000170330     |    Mutual Fund: ARN-77739    |    Research Analyst: registration number INH000014395
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