Protean eGov Technologies IPO Date, GMP, Price, Analysis and Review
Incorporated in December 1995, Protean eGov Technologies Limited, formerly known as NSDL e-Governance Infrastructure Limited, has been a prominent player in the development of citizen-centric and population-scale e-governance solutions for over two decades.
Protean eGov Technologies has played a pivotal role in shaping the national infrastructure for capital market development in India. The company has been instrumental in conceptualizing and implementing some of the most critical technological infrastructure projects in the country.
Since December 2022, the company has successfully executed and managed 19 projects spanning various government ministries.
The company’s significant contributions to digital infrastructure have led to several key milestones, including:
- Modernizing the direct tax infrastructure by introducing projects like PAN issuance.
- Facilitating a universal social security system for all Indians, particularly for workers in the unorganized sector, by establishing technology infrastructure as a Central Recordkeeping Agency (CRA) for the Atal Pension Yojana.
- Enhancing access to education and skill financing through the development of efficient digital marketplaces. This has enabled the exploration of financial resources through platforms such as Vidya Lakshmi and Vidyasaarathi.
- Supporting open digital building blocks like the Open Network for Digital Commerce (ONDC) for various sectors, including e-commerce, mobility, healthcare, agriculture, and education. It is noteworthy that Protean eGov Technologies Limited is one of the key and early contributors to the open-source community and protocols that underpin ONDC.
Protean eGov Technologies Limited
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Bidding Ends
Allotment Date*
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* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue (Protean eGov Technologies IPO Objectives)
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 IPO Details
The Protean eGov Technologies IPO is an issue with a total value of Rs 490.33 crores. However, it’s important to note that the entire issue consists of an offer for sale of 0.62 crore shares.
| IPO Date | November 6, 2023 to November 8, 2023 |
| Listing Date | 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 (aggregating up to ₹490.33 Cr) |
| Offer for Sale | 6,191,000 shares of ₹10 (aggregating up to ₹490.33 Cr) |
| Employee Discount | Rs 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Protean eGov Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
Protean eGov Technologies IPO Lot Size
Investors can bid for a minimum of 18 shares and increase their investment in multiples of 18. The table below outlines the minimum and maximum investment limits for retail and HNI investors in shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,256 |
| Retail (Max) | 14 | 252 | ₹199,584 |
| S-HNI (Min) | 15 | 270 | ₹213,840 |
| S-HNI (Max) | 70 | 1,260 | ₹997,920 |
| B-HNI (Min) | 71 | 1,278 | ₹1,012,176 |
Protean eGov Technologies IPO Dates
Protean eGov Technologies IPO opens on November 6, 2023, and closes on November 8, 2023.
| 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 |
Protean eGov Technologies Limited Financial Report
Protean eGov Technologies Limited reported a 1.78% increase in revenue but experienced a significant -25.63% decrease in profit after tax (PAT) between the financial year ending on March 31, 2023, and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,133.86 | 1,104.10 | 988.14 | 862.39 |
| Revenue | 233.17 | 783.87 | 770.18 | 652.03 |
| Profit After Tax | 32.21 | 107.04 | 143.94 | 92.19 |
| Net Worth | 888.10 | 856.94 | 788.00 | 667.46 |
| Reserves and Surplus | 847.48 | 816.33 | 747.43 | 627.14 |
| Total Borrowing | – | – | – | – |
Key Performance Indicator of Protean eGov Technologies
Protean eGov Technologies IPO Market Cap is Rs 3203.38 Cr and P/E (x) is 29.91.
| KPI | Values |
|---|---|
| P/E (x) | 29.91 |
| Post P/E (x) | 24.86 |
| Market Cap (₹ Cr.) | 3203.38 |
| ROE | 12.49% |
| ROCE | 16.13% |
| EPS (Rs) | 26.48 |
| RoNW | 12.49% |
Protean eGov Technologies Limited Contact Details
Protean eGov Technologies Limited
Times Tower, 1st Floor,
Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Phone: +91 22 4090 4242
Email: cs@proteantech.in
Website: https://www.proteantech.in/
Protean eGov Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: protean.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Protean eGov Technologies IPO FAQs
What is Protean eGov Technologies IPO?
Protean eGov Technologies IPO is a main-board IPO of 6,191,000 equity shares with a face value of ₹10, aggregating up to ₹490.33 Crores. The issue price ranges from ₹752 to ₹792 per share, and the minimum order quantity is 18 Shares. The IPO is scheduled to open on November 6, 2023, and close on November 8, 2023.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are proposed to be listed on BSE.
How to apply for Protean eGov Technologies IPO through Zerodha?
Zerodha customers can apply for Protean eGov Technologies IPO online using UPI as the payment gateway. To apply through Zerodha, log in to Zerodha Console (back office), and complete the IPO application form following these steps:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Locate the ‘Protean eGov Technologies IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Protean eGov Technologies IPO open?
The Protean eGov Technologies IPO opens on November 6, 2023, and will close on November 8, 2023.
What is the lot size of Protean eGov Technologies IPO?
The Protean eGov Technologies IPO lot size is 18 Shares, and the minimum application amount required is ₹14,256.
How can you apply for Protean eGov Technologies IPO?
You can apply for Protean eGov Technologies IPO online using either UPI or ASBA as the payment method. ASBA IPO application can be completed through the net banking of your bank account, while UPI IPO application is offered by brokers who do not provide banking services. You can find more details on how to apply for an IPO online through various platforms such as Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Protean eGov Technologies IPO allotment take place?
The finalization of the Basis of Allotment for the Protean eGov Technologies IPO is scheduled for Monday, November 13, 2023. The allotted shares will be credited to your demat account by Thursday, November 16, 2023. You can check the Protean eGov Technologies IPO allotment status.
What is the listing date for the Protean eGov Technologies IPO?
The listing date for the Protean eGov Technologies IPO has not been announced yet. The tentative listing date for the Protean eGov Technologies IPO is Friday, November 17, 2023.
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