Protean eGov Technologies Limited IPO

Price
₹752 - ₹792
Lot
18
Subs.
23.86
Expected Listing Earning

Exp. Premium(GMP):
111.04(14.02%)
IPO Details

Open Date: 06-Nov-2023
Close Date: 08-Nov-2023
Allotment Date: 13-Nov-2023
Listing Date: 13-Nov-2023
Listing Price: ₹1109/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹752-792 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹14,256 : S-HNI - ₹213,840 : B-HNI - ₹1,012,176
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Emp

Total

Shares Offered/Reserved1,208,200 906,1502,114,350150,0004,378,700
Day 1 - 22-11-23 
05:00 PM
0.01x1.65x1.51x0.31x1.08x
Day 2 - 23-11-23 
05:00 PM
0.07x0.07x3.91x0.77x3.22x
Day 3 - 24-11-23 
05:00 PM
46.94x31.62x8.93x1.49x23.86x
Total No. of Application:890,571 (Approx.)
Retail Subscription on the basis of Apps:7.58x
Valuations

Earning Per Share(EPS)26.48/-
P/E Ratio29.91
RoNW12.49%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20231,104.10783.87107.04
31 Mar,2022988.14770.18143.94
31 Mar,2021862.39652.0392.19
Promoter(s)

Pre Issue Share HoldingN/A%
Post Issue Share HoldingN/A%
Company Promoter(s)
 
 
 
 
Issue Objective(s)

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.

About Company

Incorporated in December 1995, Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Limited. The company is engaged in the business of developing citizen-centric and population-scale e-governance solutions for more than 2 decades.

Protean eGov Technologies has played a vital role in developing national infrastructure for capital market development in India. The company has developed & implemented some of the most crucial technological infrastructure in India.

Since December 2022, the company has implemented and managed 19 projects spread across several ministries.

The company's vital role in developing digital infrastructural solutions has led to the achievement of multiple milestones. Key amongst them are

  • Mordernizing direct tax infrastructure through the introduction of projects like PAN issuance. 
The company has enabled the universal social security system for all Indians, in particular for workers in the unorganized sector, 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 through the development of 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.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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