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Protean eGov Technologies Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹792
Per Share
GMP
NIL
Grey Market
Est. Listing
₹792
Expected Price
Min. Application
₹28,512
2 lots × 18 shares
IPO Issue Details
Issue Price / Price Band₹792 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size18 Shares per Lot
Total Issue Size61,91,000 shares (aggregating up to ₹489.95 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 06 Nov 2023
Subscription CloseWed, 08 Nov 2023
Anchor AllotmentFri, 03 Nov 2023
Basis of AllotmentMon, 13 Nov 2023
Initiation of RefundsWed, 15 Nov 2023
Credit of Shares to DematThu, 16 Nov 2023
Listing DateMon, 13 Nov 2023
UPI Mandate Deadline2023-11-08
Application & Investment Details
Retail — Min (1 Lots)₹14,256 — 18 shares
Retail — Max (13 Lots)₹185,328 (13 Lots)
HNI — Min (15 Lots)₹2,13,840 — 270 shares
EPS (Pre-IPO)₹26.48
P/E Ratio (Pre-IPO)29.91x
P/E Ratio (Post-IPO)24.86x
Post-IPO Promoter Holding4,04,46,732 shares
About Protean eGov Technologies Ltd.

Incorporated in December 1995, Protean eGov Technologies Limited provides IT services. The Company offers citizen services, e-governance solutions, system integration, business process re-engineering, data centre co-location, and IT consulting services for citizens, corporations and the Government.The key projects that Protean eGov Technologies Limited has executed or is involved in are Tax Information Network (TIN), PAN services, Central Recordkeeping Agency (CRA) - National Pension System (NPS), Atal Pension Yojana (APY), Unique Identification (UID/Aadhaar) - Registrar, Goods and Services Tax( GST), Aadhaar Authentication & e-KYC Services, and more.Since December 2022, the company has implemented and managed 19 projects spread across several ministries. The company have a pan-India physical network of over 167,000 centres, which includes over 79,000 PAN and TIN facilitation centres and over 88,000 points of presence, as of June 30, 2023.The company's vital role in developing digital infrastructural solutions has led to the achievement of multiple milestones. Among them is Modernizing direct tax infrastructure by introducing projects like PAN issuance. The company has enabled the universal social security system for all Indians, particularly for unorganised workers, by creating technology infrastructure as a CRA for the Atal Pension Yojana. The company has also been instrumental in improving accessibility to education and skill financing by developing efficient digital marketplaces. This has led to the discovery of financial resources through platforms such as Vidya Lakshmi and Vidyasaarathi.The company has contributed to and supported open digital building blocks such as Open Network for Digital Commerce (ONDC) for use cases across sectors like e-commerce, mobility, healthcare, agriculture, and education. It is worth mentioning that Protean eGov Technologies Limited is one of the key and early contributors to the open-source community and protocols that power ONDC.

Objects of the Issue

Protean eGov Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
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
Shareholding & Lock-in
Pre-IPO Promoter Holding Not Available
Post-IPO Promoter Holding 4,04,46,732 shares
Lock-in Period (30%)December 13, 2023
Lock-in Period (50%)February 11, 2024
Check AllotmentCheck Status →
Protean eGov Technologies Ltd. — Live Price LIVE
₹792.00
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Issue ₹792.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹792
GMPNIL
Est. Listing₹792
Lot Size18 shares
Min Amount₹28,512
Listing Date13 Nov 2023
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹792
Listing Date13 Nov 2023
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 6,191,000 100.00% ₹490.33 Cr
* Based on ₹792.00 (upper price band)
Lot Size & Investment Details
Lot Size
18
Shares
Issue Price
₹792.00
Per Share
Min Investment
₹14,256
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 18 ₹14,256
Retail (Max) 13 234 ₹185,328
sNII (Min) 15 270 ₹213,840
bNII (Min) 71 1,278 ₹1,012,176
Company Financials — Restated Consolidated (Amount in Crore)
Particulars30 Jun 202331 Mar 202331 Mar 2022
Revenue from Operations 233.17 783.87 770.18
EBITDA N/A N/A N/A
Profit After Tax (PAT) 32.21 107.04 143.94
Net Worth 888.10 856.94 788.00
Total Assets 1133.86 1104.10 988.14
Reserves & Surplus 847.48 816.33 747.43
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹792
Face Value ₹10 Per Share
P/BV N/A
RoE 12.49%
RoCE 16.13%
RoNW 12.49%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Protean eGov Technologies Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Times Tower, 1st Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Mumbai, Maharashtra
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