Protean eGov Technologies Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Protean eGov Technologies Ltd IPO

Protean eGov Technologies Limited is a key IT-enabled solutions company in India engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The Company partner with the government and has over 25 years of experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. It is among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2020. The Company has been the chief architect and implementer of various critical and large-scale technology infrastructure projects in India.

Protean eGov Technologies Ltd IPO Details

Total Shares Offered

₹ 61,91,000

Offer to Public

61,91,000

Retail Max (Shares)

₹ 21,14,350

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

₹ 490.33 Cr

IPO Open Date

Nov 6, 2023

Close Date

Nov 8, 2023

Lot Size

Min Investment

₹ 13,536

Issue Type

Book Building

Listing Date

Nov 13, 2023

Protean eGov Technologies Ltd IPO Dates

Nov 6, 2023

Opening date

Nov 8, 2023

Closing date

Nov 9, 2023

Basis of Allotment

Nov 10, 2023

Initiation of Refunds

Nov 10, 2023

Credit of Shares

Nov 13, 2023

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	3020500
NII	0x	906150
Retail	0x	2114350
Employee	0x	150000
Total	0x	6191000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3020500

906150

2114350

150000

6191000

Protean eGov Technologies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	840.70	882.04	742.20
EBITDA	175.56	185.88	177.49
PAT	94.21	100.35	107.57
Total Assets	321.28	439.99	416.36
Share Capital	40.55	40.45	40.42
Total Borrowings	47.36	108.12	79.72
Operating Activities (Net Cash)	121.90	127.83	125.85
Investing Activities (Net Cash)	663.14	552.83	528.82
Financing Activities (Net Cash)	47.36	108.12	79.72
Net Cashflow	130.13	142.90	127.96

About Protean eGov Technologies Ltd

Protean eGov Technologies Limited was originally incorporated as `National Securities Depository Limited' on December 27, 1995 as a public limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the Registrar of Companies, Maharashtra at Mumbai (RoC). The Company was issued a certificate for commencement of business dated February 8, 1996 by the RoC. Pursuant to the scheme of arrangement between the Company and NSDL Depository Limited under Section 391 to 394 of Companies Act, 1956 (Scheme of Arrangement), the name of the Company was changed from `National Securities Depository Limited' to `NSDL e-Governance Infrastructure Limited' and a fresh certificate of incorporation was issued on December 19, 2012 by the RoC. The name of the Company was changed from `NSDL eGovernance Infrastructure Limited' to `Protean eGov Technologies Limited' pursuant to a shareholders' resolution dated October 28, 2021, to represent the full gamut of products and service offerings of the Company in the space of information technology solutions and extension into new markets, sectors and geographies, and a fresh certificate of incorporation was granted by the RoC on December 8, 2021.

E-governance is the use of ICT to conduct government business and provide public services. The strategic objective of egovernance is to support and simplify governance for all parties: government, citizens and businesses. CRISIL Research expects domestic IT services' revenue to log a compounded annual growth rate of 6% - 8%. The growth will be led by technology and platform upgradation, and e-governance initiatives of the central and state governments. E-governance aims to make interactions between government and citizens, government and business enterprises, and inter-agency relationships more friendly, convenient, transparent, and economical.

Peer Comparison:

No Listed Industry Peers

Protean eGov Technologies Ltd Key Points

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 pan-India network and scale resulting in inclusion.

Diversified, granular and annuity based service offerings.

Track record of healthy financial performance.

Risk

The company is substantially dependent on projects awarded by government entities and agencies and its relationship with GoI entities exposes it to risks inherent in doing business with them, which may adversely affect its business, results of operations and financial condition.

Its may not be able to provide business solutions that meet the company clients' requirements, which could lead to clients discontinuing their work with it, which in turn could harm its business.

The company relies on telecommunications and information technology systems, networks and third party infrastructure to operate its business and any interruption or breakdown in such systems, networks or infrastructure of the third parties its relies on or the company technical systems could impair its ability to effectively deliver its products and services.

Strategy

Diversify its offerings with a focus on new sectors.

Building capability around data analytics, digital verification and due diligence.

Expanding into newer geographies.

Adoption of disruptive technologies and investment in open source solutions, protocol and networks.

How To Apply for Protean eGov Technologies Ltd IPO Online?

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Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

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Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Protean eGov Technologies Ltd IPO?

Protean eGov Technologies Ltd's IPO offers shares for up to 0 It begins on Nov 6, 2023 and ends on Nov 8, 2023.

What is the price of the Protean eGov Technologies Ltd IPO?

The price of Protean eGov Technologies Ltd IPO ranges between ₹752 to ₹792 per share.

What are the open and close dates for the Protean eGov Technologies Ltd IPO?

The Protean eGov Technologies Ltd IPO opens on Nov 6, 2023 and closes on Nov 8, 2023.

When will the Protean eGov Technologies Ltd IPO be allotted?

The allotment for the Protean eGov Technologies Ltd IPO will be finalised on Nov 9, 2023. The shares will be listed on BSE and NSE on Nov 13, 2023.

What is the minimum lot size required for Protean eGov Technologies Ltd IPO?

The minimum lot size for Protean eGov Technologies Ltd IPO is 18 shares, priced between ₹752 to ₹792 per share.

What is the GMP of Protean eGov Technologies Ltd IPO?

The GMP (Grey Market Premium) of Protean eGov Technologies Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Protean eGov Technologies Ltd IPO?

To check the allotment status of Protean eGov Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Protean eGov Technologies Ltd IPO getting listed?

The Protean eGov Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 6, 2023, and closes on Nov 8, 2023. The allotment is finalised on Nov 9, 2023.

How do you apply for the Protean eGov Technologies Ltd IPO?

To apply for the Protean eGov Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.