Protean eGov Technologies IPO opens for subscription on November 6, 2023 and closes on November 8, 2023. The allotment for the Protean eGov Technologies IPO is expected to be finalized on Monday, November 13, 2023. Protean eGov Technologies IPO will list on BSE with tentative listing date fixed as Friday, November 17, 2023.
Protean eGov Technologies IPO is a book built issue of Rs 490.33 crores. The issue is entirely an offer for sale of 0.62 crore shares. Protean eGov Technologies IPO price band is set at ₹752 to ₹792 per share. The minimum lot size for an application is 18 Shares. The minimum amount of investment required by retail investors is ₹14,256. The minimum lot size investment for sNII is 15 lots (270 shares), amounting to ₹213,840, and for bNII, it is 71 lots (1,278 shares), amounting to ₹1,012,176.
The issue includes a reservation of up to 150,000 shares for employees offered at a discount of Rs 75 to the issue price. ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Protean eGov Technologies IPO, while Link Intime India Private Ltd is the registrar for the issue.
| IPO Opening Date | November 6, 2023 |
|---|---|
| IPO Closing Date | November 8, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹752 to ₹792 per share |
| Market Lot | 18 Shares |
| Min Order Quantity | 18 Shares |
| Listing At | BSE, NSE |
| Employee Discount | ₹75 per share |
| Issue Size | 6,191,000 shares (aggregating up to ₹490.33 Cr) |
| Fresh Issue | 6,191,000 shares of ₹10 (aggregating up to ₹490.33 Cr) |
| Share holding pre issue | 40,446,732 |
| Share holding post issue | 40,446,732 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Protean eGov Technologies IPO opens on November 6, 2023, and closes on November 8, 2023.
| Basis of Allotment Date | November 13, 2023 |
|---|---|
| Initiation of Refunds | November 15, 2023 |
| Credit of Shares to Demat Account | November 16, 2023 |
| IPO Listing Date | November 17, 2023 |
Investors can bid for a minimum of 18 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,256 |
| Retail (Max) | 14 | 252 | ₹199,584 |
| S-HNI (Min) | 15 | 270 | ₹213,840 |
| S-HNI (Max) | 70 | 1,260 | ₹997,920 |
| B-HNI (Min) | 71 | 1,278 | ₹1,012,176 |
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:
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.
Protean eGov Technologies IPO is a main-board IPO of 6,191,000 equity shares of the face value of ₹10 aggregating up to ₹490.33 Crores. The issue is priced at ₹752 to ₹792 per share. The minimum order quantity is 18 Shares.
The IPO opens on November 6, 2023, and closes on November 8, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Protean eGov Technologies IPO opens on November 6, 2023 and closes on November 8, 2023.
Protean eGov Technologies IPO lot size is 18 Shares, and the minimum amount required is ₹14,256.
You can apply in Protean eGov Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Protean eGov Technologies IPO will be done on Monday, November 13, 2023, and the allotted shares will be credited to your demat account by Thursday, November 16, 2023.
Check the IPO allotment status.
The Protean eGov Technologies IPO listing date is November 17, 2023.
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