Protean eGov Technologies Ltd

IT - Software

Offer Period :

6th to 11th Nov 2023

Protean eGov Technologies, established in December 1995, specializes in IT services, offering e-governance solutions, citizen services, and system integration. Notable projects include Tax Information Network, Aadhaar, and Goods and Services Tax. With a nationwide network of over 167,000 centers, Read more... the company has played a pivotal role in modernizing digital infrastructure and contributing to open-source initiatives like ONDC.Read less

Protean eGov Technologies Ltd IPO Details

IPO Date 6th to 11th Nov 2023 Minimum Investment ₹14256 / 1 Lots
Listing Date 2023-11-13 Maximum Investment ₹199584 / 14 Lots
Face Value ₹10 per share Total Issue Size ₹490.33 Crores
Price ₹792 to ₹792 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (18 Shares) Offer For Sale ₹ 490.33
Listing At BSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 6th to 11th Nov 2023
Listing Date 2023-11-13
Face Value ₹10 per share
Price ₹792 to ₹792 per share
Lot Size 1 Lots (18 Shares)
Listing At BSE
Employee Discount ₹0 Crores
Minimum Investment ₹14256 / 1 Lots
Maximum Investment ₹199584 / 14 Lots
Total Issue Size ₹490.33 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

6th Nov

IPO Starts

8th Nov

IPO Ends

9th Nov

Allotment Date

10th Nov

Initiation of Refund

10th Nov

Credit of Shares to Demat Account

13th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Protean eGov Technologies Ltd IPO Reservation

QIB Shares Offered 1208200(19.52%)
NII (HNI) Shares Offered 906150(14.64%)
Retail Shares Offered 2114350(34.15%)
Anchor Investor Shares Offered 1812300(29.27%)
Total Shares Offered 6191000
Total Shares With Anchor Investor 6191000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Protean eGov Technologies Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 22 4918 6200
Email Id protean.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Protean eGov Technologies Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Equirus Capital Pvt Ltd

3. IIFL Securities Ltd

4. Nomura Financial Advisory & Securities (I) P Ltd

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Protean eGov Technologies Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Protean eGov Technologies Ltd

1. Pioneer and market leader in universal, citizen centric and population scale e-governance solutions.

2. Secure, scalable and advanced technology infrastructure.

3. Large physical infrastructure with pan-India network and scale resulting in inclusion.

4. Diversified, granular and annuity based service offerings.

5. Track record of healthy financial performance.

6. Experienced senior management team backed by strong corporate governance standards and supported by marquee investors

Risks Involved

1. The company is substantially dependent on projects awarded by government entities and agencies and its relationship with GoI entities exposes it to risks inherent in doing business with them, which may adversely affect its business, results of operations and financial condition.

2. Its may not be able to provide business solutions that meet the company clients' requirements, which could lead to clients discontinuing their work with it, which in turn could harm its business.

3. The company relies on telecommunications and information technology systems, networks and third party infrastructure to operate its business and any interruption or breakdown in such systems, networks or infrastructure of the third parties its relies on or the company technical systems could impair its ability to effectively deliver its products and services.

4. Its business will suffer if the company fail to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and in the industries on which its focus.

5. If its pricing structures do not accurately anticipate the cost, complexity and duration of its work, then the company contracts could be unprofitable.

6. Its client contracts can typically be terminated without cause, which could negatively impact its revenues and profitability.

7. Its may become liable to the company clients and lose clients if its have defects or disruptions in its service or if the company provide poor service.

8. There are pending litigations against the Company. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations, cash flows and reputation.

9. Any delay in the collection of its dues and receivables from its clients may have a material and adverse effect on its results of operations and cash flows.

10. Its sales cycle is lengthy and depends upon many factors outside the company control, and could cause it to spend significant time and resources prior to earning associated revenues.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 1104.1 988.14 862.57
Total Liabilities 1104.1 988.14 862.57
Total Expenses 643.45 584.55 536.53
Total Revenue 
783.87 770.18 652.17
Profit After Tax 107.05 143.94 92.29
EBITDA 159.63 203.1 133.87
Adjusted EBITDA 0 0 0

Protean eGov Technologies Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-13 544021 -
INE004A01022
₹792 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹792 ₹792
Open ₹792 ₹0
Low ₹775 ₹0
High ₹890.9 ₹0
Low ₹775 ₹0

Frequently Asked Questions

What is Protean eGov Technologies Ltd IPO?

Answer Field

Protean eGov Technologies Ltd IPO is a Mainboard IPO of 61,91,000 equity shares of a face value of ₹10 aggregating up to ₹490.33 Crores. The issue is priced at ₹792 to ₹792 per share. The minimum order quantity is 18 Shares. The IPO opens on November 06, 2023, and closes on November 08, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

When Protean eGov Technologies Ltd IPO will open?

Answer Field

The Protean eGov Technologies Ltd IPO opens on November 06, 2023 and closes on November 08, 2023.

What is the lot size of Protean eGov Technologies Ltd?

Answer Field

Protean eGov Technologies Ltd lot size is 18 shares, and the minimum amount required is ₹14,256.

How to apply for Protean eGov Technologies Ltd IPO?

Answer Field

You can apply in Protean eGov Technologies Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Protean eGov Technologies Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Protean eGov Technologies Ltd IPO will be done on November 09, 2023, and the allotted shares will be credited to your demat account by November 10, 2023.

When is Protean eGov Technologies Ltd IPO listing date?

Answer Field

The Protean eGov Technologies Ltd listing date is November 13, 2023.

Who is the registrar of Protean eGov Technologies Ltd IPO?

Answer Field

The registrar of Protean eGov Technologies Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Equirus Capital Pvt Ltd,IIFL Securities Ltd,Nomura Financial Advisory & Securities (I) P Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Protean eGov Technologies Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Protean eGov Technologies Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 18 shares and ₹14,256 amount.

How can I approve the UPI mandate request for Protean eGov Technologies Ltd IPO?

Answer Field

To apply for Protean eGov Technologies Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Protean eGov Technologies Ltd?

Answer Field

The price of each Protean eGov Technologies Ltd share will be ranging in between ₹792 to ₹792 per share.

What is the cut-off time for the UPI mandate for Protean eGov Technologies Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 08, 2023.

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