Protean eGov Technologies Limited IPO is set to launch on 6 November, 2023. The company initiated its business operations in the year 1995. It is engaged in the business of developing population scale and citizen centric e governance solutions for over 2 decades. The company has played a very major role in the development of national infrastructure. From December 2022 the company has handled 19 projects overall. Some of the projects from the company include modernising the tax structure through PAN issuance, universal ssn for all Indian citizens by CRA, improving the educational accessibility through digital platforms like Vidhyasaarthi and Vidhya Laxmi etc.
Protean eGov Technologies Limited IPO DETAILS
Protean eGov Technologies Limited IPO is set to launch on 6 November, 2023. The subscription timeline extends till 8 November, 2023. The size for the IPO is 490.33 Crore Rs. No shares are issued through fresh issue mode. Shares issued through offer for sale mode are worth Rs 490.33 Crore. The lot size is 18 shares and the price is 752 Rs to 792 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
IPO OPENING DATE | 6 November, 2023 |
CLOSING DATE FOR IPO | 8 November, 2023 |
ISSUE TYPE | Book Built Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 752 Rs. to 792 Rs. per share |
LOT SIZE | 18 shares |
MINIMUM ORDER QUANTITY | 18 shares |
ISSUE SIZE | 490.33 Crore Rs. |
OFFER FOR SALE | 490.33 Crore Rs. |
FRESH ISSUE | No shares are issued through Fresh issue mode |
LISTING AT | NSE, BSE |
LISTING DATE | 17 November, 2023 |
IPO OPENING DATE | 6 November, 2023 |
CLOSING DATE FOR IPO | 8 November, 2023 |
IPO ALLOTMENT DATE | 13 November, 2023 |
REFUNDS | 15 November, 2023 |
DEMAT A/C CREDITED ON | 16 November, 2023 |
IPO LISTING DATE | 17 November, 2023 |
Protean eGov Technologies Limited IPO begins for subscription from 6 November, 2023. The IPO subscription would continue till 8 November, 2023. The allotment status for the shareholders who applied would come on 13 November, 2023. The refunds for the ones who did not get allotment would be initiated on 15 November, 2023. The DEMAT accounts of shareholders would be credited on 16 November, 2023. The listing of the company would be completed on 17 November, 2023.
The lead managers are :
The minimum lot size for the company is decided at 18 shares. This holding accounts to 14256 Rs.. The maximum lot size is decided at 252 shares. This amounts to 199584 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 18 shares | 14256 Rs. |
Maximum | 252 shares | 199584 Rs. |
Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
ASSETS | 862 | 988 | 1104 |
Revenue | 652 | 770 | 783 |
PAT | 92 | 143 | 107 |
Protean eGov Technologies Limited had an asset base of 862 Crore Rs in the year 2021. Thai increased to 988 Crore Rs in 2022 and 1104 Crore Rs in 2023. The revenue of the firm was 652 Crore Rs in 2021 which increased to 770 Crore Rs in 2022 and it became 783 Crore Rs in the year 2023. The profit of the firm has 92 Crore Rs for the year 2021. This increased to 143 Crore Rs in the year 2022. However in the year 2023 the profit of the firm was down to 107 Crore Rs despite the increase in the asset base and the revenue together.
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
Effwa Infra & Research Limited IPO is set to launch on 5 July, 2024. The…
Ambey Laboratories Limited IPO is set to launch on 4 July, 2024. The company initiated…
Bansal Wire Industries Limited IPO is set to launch on 3 July, 2024. The company…
Emcure Pharmaceuticals Limited IPO is set to launch on 3 July, 2024. The company initiated…
Nephro Care India Limited IPO is set to launch on 28 June, 2024. The company…
Diensten Tech Limited IPO is set to launch on 26 June, 2024. The company initiated…
This website uses cookies.