Protean eGov Technologies IPO Details
Issue Date
06 Nov - 8 Nov'23
Price Range
₹792
Lot Size
18
IPO Size
₹490.33 Cr
Protean eGov Technologies IPO Listing Details
Listing On
13 Nov'23
Issue Price
--
Listed Price
₹ 792
Retail Gain/Listing Gain
▲0.00%
Schedule of Protean eGov Technologies IPO
Start date
06/11/2023
End date
08/11/2023
Allotment of bids
Refund Initiation
Listing on exchange
13/11/2023
Protean eGov Technologies IPO Review | Issue Details, Financials and More
Kotak Neo
•02m 40s
Company Background
Protean eGOV Technologies Limited is an IT-enabled solutions company in India (Source: CRISIL Report) engaged in conceptualising, developing and executing nationally critical and population-scale greenfield technology solutions.
The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. Originally set up as a depository in 1995, the company has created a systemically important national infrastructure for capital market development in India, and has been the chief architect and implementer for some of the most critical and large-scale technology infrastructure projects in India (Source: CRISIL Report).
Their solutions have led to the identification of bottlenecks in government services, increased transparency and efficiency, redefined delivery of public services and led to a reduction in service delivery costs. They were among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2023 (Source: CRISIL Report).
With that, let's take a look at the competitive strengths and risk factors for Protean eGOV Technologies Limited:
Competitive Strengths
Pioneer and market leader in universal, citizen-centric and population-scale e-governance solutions
Secure, scalable and advanced technology infrastructure
Large physical infrastructure with a pan-India network and scale
Risk Factors
- The company is dependent on projects awarded by government entities and the relationship with GoI entities exposes them to risks inherent in doing business with them.
- The company may not be able to provide business solutions that meet the client’s requirements, which could lead to clients discontinuing work with the company.
- There is a reliance on telecommunications and information technology systems, networks and third-party infrastructure to operate the business. Any interruption/breakdown in such systems could impair deliverables.
Key Strategies
- Diversify offerings with a focus on new sectors.
- Expanding into newer geographies.
- Adoption of disruptive technologies and investment in open-source solutions, protocols and networks.
Key Financials
Here are the key financials for Protean eGOV Technologies Limited.
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
Protean eGov Technologies IPO FAQs
The Protean eGov Technologies IPO opens for subscription from 06-11-2023 to 08-11-2023, with a total issue size of ₹490.33 Cr. The IPO price band is ₹792 to ₹0 per share with a lot size of 18. The company aims to list the shares on BSE & NSE on 13-11-2023.
The Protean eGov Technologies IPO will open for subscription on 06-11-2023 and will close on 08-11-2023 for investors.
The minimum lot size for the Protean eGov Technologies IPO is 18 equity shares, requiring a minimum investment of ₹14256 for retail investors applying in the IPO.
The price band of the Protean eGov Technologies IPO has been fixed at ₹792 to ₹0 per equity share.
You can apply for the Protean eGov Technologies IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Protean eGov Technologies IPO allotment will take place on [-].
You can check the Protean eGov Technologies IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Protean eGov Technologies shares will list on the stock exchanges on 13-11-2023.
The Protean eGOV Technologies Limited IPO has an issue size of Rs. 489.20 crores. The IPO opens for subscription on 6th November and closes on 8th November 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Protean eGOV Technologies Limited and its IPO from the company’s red herring prospectus (RHP) here:
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