13-Oct-2023
2 mins read
The IPO date for Protean eGov Technologies is November 6, 2023 to November 8, 2023. The issue pertains solely to the sale of 6,191,000 equity shares of Rs 10 each. Thanks to approval from the capital markets regulator SEBI, Protean eGov Technologies Limited is now eligible to raise capital through an initial public offering (IPO).
Protean eGov Technologies Limited Product Portfolio
Incorporated in December 1995, Protean eGov Technologies Limited, formerly known as NSDL e-Governance Infrastructure Limited, has been actively involved in developing citizen-centric and large-scale e-governance solutions for over two decades.
The company has played a vital role in shaping the national infrastructure for advancing the capital market in India. It has successfully designed and implemented critical technological infrastructure projects within the country.
Since December 2022, Protean eGov Technologies Limited has executed and overseen 19 projects spanning various government ministries.
The company’s significant contributions to digital infrastructure solutions have resulted in the attainment of various notable milestones, such as:
- The modernization of the direct tax infrastructure is accomplished through implementing projects like PAN issuance.
- Facilitating the establishment of a universal social security system for all Indians, with a particular focus on unorganized sector workers. This was achieved by creating the necessary technology infrastructure as a Central Record Keeping Agency (CRA) for the Atal Pension Yojana.
- The company’s pivotal contribution to enhancing accessibility to education and skill financing through the creation of efficient digital marketplaces. This has enabled the exploration of financial resources through platforms such as Vidya Lakshmi and Vidyasaarathi.
- Active support for and involvement in open digital building blocks like the Open Network for Digital Commerce (ONDC), with applications spanning various sectors, including e-commerce, mobility, healthcare, agriculture, and education. It’s worth noting that Protean eGov Technologies Limited stands as a key and early contributor to the open-source community and protocols that underpin ONDC.
The Objectives of Protean eGov Technologies Limited IPO
The selling shareholders will receive all offer proceeds, with no proceeds going to the company.
Financial Performance of Protean eGov Technologies Limited IPO (In Crore)
| Period Ended | 30-Jun-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 888.1 | 856.94 | 788 | 667.46 |
| Reserves and Surplus | 847.48 | 816.33 | 747.43 | 627.14 |
Key Performance Indicator
| KPI | Values |
| P/E (x) | 29.91 |
| Post P/E (x) | 24.86 |
| Market Cap (Rs in crore) | 3203.38 |
| ROE | 12.49% |
| ROCE | 16.13% |
| EPS (Rs) | 26.48 |
| RoNW | 12.49% |
Important Details of Protean eGov Technologies Limited IPO
| IPO Date | November 6, 2023 to November 8, 2023 |
| Listing Date | 17-Nov-23 |
| Face Value | Rs 10 per share |
| Price | Rs 752 to Rs 792 per share |
| Lot Size | 18 Shares |
| Total Issue Size | 6,191,000 shares (aggregating up to Rs 490.33 Cr) |
| Offer for Sale | 6,191,000 shares of Rs 10 (aggregating up to Rs 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 |
Protean eGov Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 18 | Rs 14,256 |
| Retail (Max) | 14 | 252 | Rs 199,584 |
| S-HNI (Min) | 15 | 270 | Rs 213,840 |
| S-HNI (Max) | 70 | 1,260 | Rs 997,920 |
| B-HNI (Min) | 71 | 1,278 | Rs 1,012,176 |
Protean eGov Technologies Limited IPO Lead Manager(s)
The lead managers for Protean eGov Technologies Limited IPO are ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Ltd, and Nomura Financial Advisory and Securities (India) Pvt Ltd.
How to Apply for Protean eGov Technologies Limited IPO
Wait for the public issue to open for subscription, then click on this link to apply for Protean eGov Technologies Limited IPO with Bigul https://ipo.bonanzaonline.com/
How to Check the Allotment Status of Protean eGov Technologies Limited IPO
The registrar for Protean eGov Technologies Limited IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/
FAQs
- What is Protean eGov Technologies Limited’s IPO?
Protean eGov Technologies Limited IPO is a public offering where the company is selling its shares to the general public to get listed on stock exchanges.
- When is the IPO Date?
The specific IPO date is November 6, 2023 to November 8, 2023.
- What will be the listing date of Protean eGov Technologies Limited on the stock exchange?
The listing date has been announced as November 17, 2023.
- What is the face value of the Protean eGov Technologies Limited share?
The face value of each share is Rs 10.
- How many shares are being offered in this IPO?
The issue size has been announced as 6,191,000 shares.
- Where will Protean eGov Technologies Limited be listed?
The shares will be listed on BSE.
- What is the price of each share in the IPO?
The share price for the IPO has been declared as Rs 752 to Rs 792 per share.
- Who are the lead managers for the IPO?
The lead managers for IPO are ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Ltd, and Nomura Financial Advisory and Securities (India) Pvt Ltd.
- How can I apply for the Protean eGov Technologies Limited IPO?
Once the public issue is open, you can apply for the IPO through this link: Protean eGov Technologies Limited IPO on Bigul.
- How can I check my allotment status for the IPO?
The registrar for the IPO is Link Intime India Private Ltd. To check the allotment status, visit Link Intime.
- What is the primary objective of the Protean eGov Technologies Limited IPO?
The company will not receive any proceeds from the offer – all proceeds will go to the selling shareholders.
- What has been the financial performance of Protean eGov Technologies Limited in the recent past?
Financial highlights include growth in net profit, total assets, total revenue, and profit after tax in the years 2021 to 2023, as provided in the provided data. Protean’s revenue increased by 1.78%, while its profit after tax (PAT) dropped by 25.63% between March 31, 2022 and March 31, 2023.