Last updated on December 1, 2023
Protean eGov IPO description – Incorporated in 1995, Protean eGov Technologies is one of the key IT-enabled solutions companies in India engaged in conceptualizing, developing, and executing nationally critical and population-scale greenfield technology solutions. The company has played a vital role in developing national infrastructure for capital market development in India. It has developed & implemented some of the most crucial technological infrastructure in India.
Since 30 June 2023, Protean eGov Technologies has implemented and managed 19 projects spread across seven ministries and autonomous bodies ushering change in the public delivery of services. Some of the projects handled by the company include PAN issuance, TIN, OLTAS, CRA for the National Pension System (NPS), and Atal Pension Yojana (APY), among others.
The company has been profitable since FY 1999 and has consistently declared and paid dividends since FY 2001.
Protean eGov IPO Details
| Protean eGov IPO Dates | 6 – 8 November 2023 |
| Protean eGov IPO Price | INR 752 – 792 per share (Employee Discount – INR 75 per share) |
| Fresh issue | Nil |
| Offer For Sale | 6,191,000 shares (INR 465.56 – 489.95 crore) |
| Total IPO size | 6,191,000 shares (INR 465.56 – 489.95 crore) |
| Minimum bid (lot size) | 18 shares (INR 14,256) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE |
Protean eGov Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 603.13 | 690.91 | 742.21 | 220.40 |
| Expenses | 536.03 | 584.55 | 643.45 | 191.44 |
| Net income | 89.33 | 147.56 | 106.21 | 27.78 |
| Margin (%) | 14.81 | 21.38 | 14.31 | 12.60 |
Protean eGov Offer News
- Protean eGov RHP
- Protean eGov Draft Prospectus
- Upcoming IPOs in October 2023
- ASBA IPO Forms
- Live IPO Subscription Status
Protean eGov Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 23.00 | 35.75 | 26.48 |
| PE ratio | – | – | 28.4 – 29.91 |
| RONW (%) | 13.81 | 18.27 | 12.49 |
| NAV | 166.29 | 195.13 | 212.0 |
| ROCE (%) | 16.93 | 22.91 | 16.13 |
| ROE (%) | 13.81 | 18.27 | 12.49 |
| EBITDA (%) | 22.17 | 29.40 | 21.51 |
| Debt/Equity | – | – |
Protean eGov IPO GMP Today
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 10 November 2023 | 80 | 200 | 1,000 |
| 9 November 2023 | 80 | 200 | 1,000 |
| 8 November 2023 | 100 | 200 | 1,000 |
| 7 November 2023 | 110 | 200 | 1,000 |
| 6 November 2023 | 150 | – | – |
| 4 November 2023 | 110 | – | – |
| 3 November 2023 | 120 | – | – |
| 2 November 2023 | 120 | – | – |
Protean eGov IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 12,08,200 | 9,06,150 | 21,14,350 | 1,50,000 | 43,78,700 |
| 8 Nov 2023 | 46.94 | 31.62 | 8.92 | 1.49 | 23.86 |
| 7 Nov 2023 | 0.07 | 6.24 | 3.92 | 0.77 | 3.23 |
| 6 Nov 2023 | 0.01 | 1.65 | 1.50 | 0.31 | 1.08 |
Protean eGov IPO Reviews – Subscribe or Avoid?
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Systematix – Not Rated
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Protean eGov IPO Allotment Status
Protean eGov IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Protean eGov IPO Dates & Listing Performance
| IPO Opening Date | 6 November 2023 |
| IPO Closing Date | 8 November 2023 |
| Finalisation of Basis of Allotment | 10 November 2023 |
| Initiation of refunds | 10 November 2023 |
| Transfer of shares to demat accounts | 13 November 2023 |
| Protean eGov IPO Listing Date | 13 November 2023 |
| Opening Price on BSE SME | INR 792 per share (no change) |
| Closing Price on BSE SME | INR 883 per share (up 11.49%) |
Protean eGov Offer Lead Manager
IIFL SECURITIES LIMITED
10th Floor, IIFL Centre, Kamala City,
Senapati Bapat Marg, Lower Parel (West),
Mumbai 400 013, Maharashtra
Phone: +91 22 4646 4728
Email:Â [email protected]
Website:Â www.iiflcap.com
Protean eGov Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: 022 4918 6200
Email: [email protected]
Website:Â www.linkintime.co.in
Protean eGov Contact Details
PROTEAN eGOV TECHNOLOGIES LIMITED
Times Tower, 1st Floor, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra
Phone: +91 22 4090 4242
E-mail: [email protected]
Website: www.proteantech.in
Protean eGov IPO FAQs
How many shares in Protean eGov IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Protean eGov Public Offer?
The best way to apply in Protean eGov public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Protean eGov IPO GMP today?
Protean eGov IPO GMP today is INR 80 per share.
What is the Protean eGov kostak rate today?
Protean eGov kostak rate today is INR 200 per application.
What is Protean eGov Subject to Sauda rate today?
Protean eGov Subject to Sauda rate today is INR 1,000 per application.
