Protean eGov Technologies IPO, formerly known as NSDL e-Governance Infrastructure Limited, was established in December 1995. For over two decades, the company has been dedicated to developing citizen-centric and large-scale e-governance solutions.
The company has played a pivotal role in shaping India’s national infrastructure for capital market development. It has successfully designed and implemented crucial technological infrastructure projects across the country.
Since December 2022, Protean eGov Technologies Limited has overseen 19 projects spanning various government ministries. Their contributions to digital infrastructure development have led to several significant milestones, including:
- Modernizing Direct Tax Infrastructure: The company has introduced projects like PAN issuance, modernizing the direct tax infrastructure in India.
- Universal Social Security System: Protean eGov Technologies has facilitated the creation of a technology infrastructure as a Central Recordkeeping Agency (CRA) for the Atal Pension Yojana, extending universal social security, especially to workers in the unorganized sector.
- Enhancing Education and Skill Financing: The company has improved accessibility to education and skill financing by establishing efficient digital marketplaces. Platforms like Vidya Lakshmi and Vidyasaarathi have helped in discovering financial resources for education.
- Support for Open Digital Building Blocks: Protean eGov Technologies Limited has been actively involved in supporting open digital building blocks like the Open Network for Digital Commerce (ONDC). These blocks are utilized in various sectors, including e-commerce, mobility, healthcare, agriculture, and education. The company is recognized as one of the key and early contributors to the open-source community and protocols that power ONDC.
Protean eGov Technologies IPO Timeline
Protean eGov Technologies IPO opens on November 6, 2023, and closes on November 8, 2023.
| IPO Open Date | Monday, November 6, 2023 |
| IPO Close Date | Wednesday, November 8, 2023 |
| Basis of Allotment | Monday, November 13, 2023 |
| Initiation of Refunds | Wednesday, November 15, 2023 |
| Credit of Shares to Demat | Thursday, November 16, 2023 |
| Listing Date | Friday, November 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2023 |
Protean eGov Technologies Limited Financials
| Period Ended | 30 Jun 2023 | 31 Mar 2020 |
| Assets | 449.98 | 939.88 |
| Revenue | 233.17 | 754.64 |
| Profit After Tax | 32.21 | 121.85 |
| Net Worth | 888.10 | |
| Reserves and Surplus | 847.67 | 713.41 |
About the Issue
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 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 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.
Protean eGov Technologies IPO Registrar
Phone: +91-22-4918 6270
Email: protean.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Protean eGov Technologies Limited
Times Tower, 1st Floor,
Kamala Mills Compound, Senapati Bapat Marg,
Lower Parel, Mumbai 400 013,
Phone: +91 22 4090 4242
Email: cs@proteantech.in
Website: https://www.proteantech.in/
Protean eGov Technologies IPO FAQs
What is Protean eGov Technologies IPO?
Protean eGov Technologies IPO is a main-board IPO. They are going to raise ₹490 Crores via IPO. The issue is priced at ₹752 to ₹792 pr equity share. The IPO is to be listed on BSE & NSE.
When Protean eGov Technologies IPO will open?
The IPO is to open on Novemner 6, 2023 for QIB, NII, and Retail Investors.
What is Protean eGov Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%