IPO

Protean eGov Technologies Limited IPO

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Listed On: Nov 13, 2023 at ₹ 792.0(BSE)

₹ 14256 /18 Shares

Check Allotment

06 Nov, 2023

Open Date

08 Nov, 2023

Close Date

10 Nov, 2023

Allotment Date

13 Nov, 2023

Listing Date
Price Summary

Last Closing

760.85 (-3.93%)

52 Week High

2,068.70

52 Week Low

716.50

Last Update

19-Dec-2025 3:51 PM
Protean eGov Technologies Limited IPO Issue Details
  • Issue Price ₹752-792 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Offer for Sale : 6,191,000 shares(aggregating up to ₹490 Cr Approx)
  • Listing at BSE
  • List Price 792.0(BSE)
  • Listing Date 2023-11-13
  • Lead Manager ICICI Securities Limited
    Equirus Capital Private Limited
    Iifl Securities Ltd
    Nomura Financial Advisory And Securities (India) Pvt Ltd
  • Registrar Link Intime India Private Ltd
Protean eGov Technologies Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 1,17,464 Approx),
    (Number of S-HNI Applications : 1,119 Approx),
    (Number of B-HNI Applications : 2,237 Approx)
Protean eGov Technologies Limited IPO Documents
DRHP
RHP
ANCHOR
Protean eGov Technologies Limited IPO Details


The IPO of Protean eGov Technologies Limited is priced at ₹752-792 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 6, 2023 and ends on Nov 8, 2023. The allotment for Protean eGov Technologies Limited IPO will be finalized on Nov 10, 2023. Protean eGov Technologies Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 13, 2023. The company shall list its equity shares on the BSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd, Nomura Financial Advisory And Securities (India) Pvt Ltd.


The Protean eGov Technologies Limited IPO sets its price band at 752-792 for each share. A single application for Protean eGov Technologies Limited IPO must contain at least 18 shares.

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Protean eGov Technologies Limited IPO Subscription Analysis And Details
Retail
8.93x
QIB
46.94x
NII
31.62x
bNII
33.14x
sNII
28.58x
Total
23.86x
As on QIB NII
bNII   sNII 		Retail Employee Total
Shares Offered / Reserved 1,208,200 906,150
604,100    302,050 		2,114,350 150,000 4,378,700
Day 1 06-11-23 05:00 PM
0.01 x 1.65
1.28 x   2.39 x 		1.49 x 0.31 x 1.08 x
Day 2 07-11-23 05:00 PM
0.07 x 6.24
5.17 x   8.37 x 		3.90 x 0.76 x 3.22 x
Day 3 08-11-23 05:00 PM
46.94 x 31.62
33.14 x   28.58 x 		8.93 x 1.49 x 23.86 x
Total No of Applications
8,90,301
Subscription on the basis of Applications
7.58
Protean eGov Technologies Limited Valuations
Earnings Per Share (EPS) ₹26.48/-
P/E Ratio 29.91
RoNW 12.49%
Net Asset Value (NAV) - As on 31.03.22 ₹N/A
Protean eGov Technologies Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets 1,104.10 988.14 862.38 939.88
Revenue 783.87 770.18 652.03 754.64
Profit After Tax 107.04 143.94 92.19 121.85
About Protean eGov Technologies Limited Company

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.

Company 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
Mordernising direct tax infrastructure through the introduction of projects like PAN issuance
The company has enabled the universal social security system for all Indians, in particular for workers in the unorganized sector, by creating technology infrastructure as a CRA for the Atal Pension Yojana.
The company has also been instrumental in improving accessibility to education and skill financing through the development of efficient digital marketplaces. This has led to the discovery of financial resources through platforms such as Vidya Lakshmi and Vidyasaarathi
The company has contributed to and supported open digital building blocks such as Open Network for Digital Commerce (ONDC) for use-cases across sectors like e-commerce, mobility, healthcare, agriculture, and education. It is worth mentioning that Protean eGov Technologies Limited is one of the key and early contributors to the open-source community and protocols that power ONDC.

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Protean eGov Technologies Limited - Promoter(s)

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Protean eGov Technologies Limited IPO - Issue Objectives
1

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 Limited IPO - Anchor Investors

Protean eGov Technologies IPO | Investors pick Rs 143.5 crore shares in anchor book.

Prominent names like SBI Life Insurance, Baroda BNP Paribas Mutual Fund, Aditya Birla Sun Life Insurance Company, LIC Mutual Fund, and Societe Generale invested in the company via anchor book.

Among others, Astorne Capital VCC - Arven, GAM Multistock-Emerging Markets Equity, LC Radiance Fund VCC, ACM Global Fund VCC, and BCAD Fund also bought shares in Protean.