Protean eGov Technologies IPO Price: ₹752 - ₹792
IPO Date Range: Nov 6, 2023 - Nov 8, 2023
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.
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.
The company has achieved several important goals in advancing digital infrastructure solutions. These include:
| IPO Date | November 6, 2023 to November 8, 2023 |
| Listing Date | Friday, November 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹752 to ₹792 per share |
| Lot Size | 18 shares |
| Total Issue Size | 6,191,000 shares of ₹10 (aggregating up to ₹490.33 Cr) |
| Offer For Sale | 6,191,000 shares of ₹10 (aggregating up to ₹490.33 Cr) |
| Employee Discount | ₹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 |
The minimum lot size to apply in this Protean eGov Technologies Limited IPO consists of 18 shares, requiring an investment of ₹14,256.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹ 14,256 |
| Retail (Max) | 14 | 252 | ₹ 1,99,584 |
| S-HNI (Min) | 15 | 270 | ₹ 2,13,840 |
| S-HNI (Max) | 70 | 1,260 | ₹ 9,97,920 |
| B-HNI (Min) | 71 | 16,750 | ₹ 10,12,176 |
| 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 |
| 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 |
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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 Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 862.39 | 988.14 | 1104.10 | 1133.86 |
| Revenue | 652.03 | 770.18 | 783.87 | 233.17 |
| Profit After Tax | 92.19 | 143.94 | 107.04 | 32.21 |
| Net Worth | 667.46 | 788.00 | 856.94 | 888.10 |
| Reserves & Surplus | 627.14 | 747.33 | 816.33 | 847.48 |
| KPI | Values |
|---|---|
| P/E (x) | 29.91 |
| ROE | 12.49% |
| ROCE | 16.13% |
| EPS (Rs) | 26.48 |
| RoNW | 12.49% |
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: Official documents that provide detailed information about the IPO and the company. Protean eGov Technologies IPO DRHP and Protean eGov Technologies IPO RHP.
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.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Protean eGov Technologies Limited" IPO is ₹ 752 to ₹792 per share.
The "Protean eGov Technologies Limited" IPO is expected to be listed on Friday, November 17, 2023.
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